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CodaMetrix
Autonomous medical coding platform
- 101-200 employees
- Healthcare
- B2B
- Artificial Intelligence
- Machine Learning
- SaaS
- Back Bay East, Boston, MA
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Company mission
To reduce the burden in healthcare administration.
Our take
One of the key issues the healthcare sector faces is updating digital systems to streamline workflows. A particular workflow is that of medical coding, which is used to translate patient information into a universal language that can be understood by insurance companies and other medical professionals.
CodaMetrix is a platform delivering AI solutions to iron out bumps in medical coding. It automates the translation of clinical data into precise medical codes, significantly reducing manual workload for healthcare providers. Since founding in 2019, the company has grown a loyal customer base including healthcare giants like Mass General Brigham and Mount Sinai Health System.
The use of AI in the medical coding space is understandably growing, and likely to become a saturated space in the future. CodaMetrix, however, looks to already be making a mark in the sector and has secured promising funding to further advance its solutions.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Health Insurance - We cover 80% of the cost of medical and dental insurance and offer vision insurance
- Retirement - CodaMetrix offers a 401(k) plan that eligible employees can contribute to one month after their first day
- Life Insurance - We offer employer-paid life insurance and short-term and long-term disability insurance
- Flexibility - We have an unlimited PTO policy, so you can take the time to relax and rejuvenate
- Learning - All new hires complete our 7-week Fellowship program to learn about each of our departments
- Development - We provide annual performance evaluations and outline a clear path for promotions
- Engagement - We host recurring events like Meditation Mondays, CMX Connections and New Hire Trivia
- Equity - We’ve established a performance-based equity incentive plan for eligible members of the team
- Recognition - We recognise quarterly “You’ve Been Awesome” award winners and celebrate our team’s service milestones
Company values
- Transparency - We build tools and reporting systems to enable employees to perform their functions with full visibility and accountability
- Single-threaded ownership - We foster alignment, accountability, and productivity with focused teams that have individual leaders and clear areas of responsibility
- Agility - It is each of our responsibility to report vital information in real time so that stakeholders can make key decisions quickly, and if needed, fail early
- Deliberate collaboration - We promote a culture that values the combined talents of the many versus the talent of one, or even a select few
- Radical honesty - All corners of our organisation benefit from candid, thoughtful, and truthful feedback that is given with compassion and respect
Funding (2 rounds)
Mar 2024
$40m
SERIES B
Feb 2023
$55m
SERIES A
Total funding: $95m
Leadership
Hamid Tabatabaie
(President & CEO)Has previously worked as CEO for System Concepts Associates, Amicas and lifeIMAGE.