What does RapidClaims do?
RapidClaims offers an autonomous coding solution known as RapidCode, an AI-driven platform that streamlines revenue cycle management in healthcare. The solution is live across more than 20 specialties and processes millions of charts with 100% coverage and high accuracy in areas such as radiology, anesthesia, labs, and complex fields like surgeries.
How much did they raise?
The company raised a total of $11M, which includes an $8M Series A round led by Accel along with participation from Together Fund, and an additional $3M in a seed round led by Together Fund. Notable angel investors in the seed round include Oscar Benavidez, Matthew Zubiller, Ankit Jain, and Sachin Jain.
What are their plans for the money?
With the new funds, RapidClaims intends to accelerate its go-to-market efforts and enhance its proprietary technology, potentially revolutionizing revenue cycle management in healthcare by improving operational efficiency and accuracy.
What have they achieved so far?
RapidClaims has already achieved substantial progress with its RapidCode solution, which has been successfully deployed in over 20 specialties. The platform processes millions of medical charts, delivering 100% chart coverage and high accuracy rates even in complex medical fields.
