CodaMetrix Revolutionizes Healthcare Coding with $40 Million Funding

CodaMetrix, a trailblazer in AI solutions for healthcare, secures $40 million in Series B funding led by Transformation Capital. The funding will propel CodaMetrix's AI-powered platform to streamline medical coding, improve data quality, and transform healthcare delivery. With partnerships with renowned healthcare systems like Mass General Brigham and Mount Sinai Health System, CodaMetrix has already achieved remarkable results, including a 60% reduction in coding costs and a 70% decrease in claims denials. CEO Hamid Tabatabaie envisions a future where AI automation sets the standard for coding quality and revolutionizes healthcare.