CodaMetrix Closes $55M Series A Funding
Summary
The round was led by SignalFire with participation from Frist Cressey Ventures (FCV), Martin Ventures, Yale Medicine, University of Colorado Healthcare Innovation Fund, and Mass General Brigham physician organizations. The company intends to use the funds to accelerate go-to-market with major provider organizations and health systems. Led by Hamid Tabatabaie, President and CEO, CodaMetrix (CMX) is a SaaS technology company providing an AI-powered platform to facilitate healthcare revenue cycle management and medical coding. CodaMetrix’s AI continuously learns from and acts upon the clinical evidence in electronic health records (EHRs). It is currently in partnership with 10 health systems and major academic universities, including Mass General Brigham, University of Colorado Medicine, Yale Medicine, and Henry Ford Health Systems.