CodaMetrix

CodaMetrix, headquartered at 399 Boylston St, Suite 700, Boston, MA, specializes in AI-powered autonomous medical coding solutions. The company has successfully raised $40M in Series B funding, led by Transformation Capital, with additional support from existing investors SignalFire and Frist Cressey Ventures. Its platform is currently utilized by over a dozen leading provider organizations and health systems, encompassing more than 200 hospitals and 50,000 providers. CodaMetrix’s multi-specialty coding AI platform efficiently translates clinical information into accurate medical codes, achieving a 60-70% reduction in manual coding, a fivefold increase in turnaround time, a 70% decrease in coding denials, and more than 30% savings in coding costs. The company’s excellence in this field is recognized by KLAS, where it was ranked No. 1 in the ‘Reduce Cost of Care’ category for its innovative AI-based coding platform.