Nym Health, a New York City and Tel Aviv, Israel-based developer of explainable AI tech that automates medical coding, raised $25M in funding.
The round, which brought total funding raised to date to $47.5m, was led by Addition with participation from GV, Dynamic Loop Capital, Tiger Global, Bessemer Venture Partners, Lightspeed, Zach Weinberg and Nat Turner.
The company intends to use the funds to scale product development and accelerate adoption of its automated medical coding platform in emergency departments.
Led by CEO Amihai Neiderman, Nym Health leverages direct-to-billing, autonomous medical coding technology to take an innovative approach to enable fully automated, efficient and transparent revenue cycle management, reduce insurance denials and operational expenses, accelerate payment cycles, and maximize audit readiness for healthcare providers.
It is deployed in 40 hospitals nationwide, including Geisinger and several other academic medical centers,
FinSMEs
29/07/2021