HomeUSANym Receives $47M in Growth Funding

Nym Receives $47M in Growth Funding

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nym health

Nym, a NYC-based leader in autonomous medical coding, raised $47m in growth funding.

The round was led by PSG, with participation from existing and new investors including GV, Addition, Samsung Next and Dynamic Loop Capital.

The company intends to use the funds to expand operations and its business reach.

Led by Or Peles, CEO, Nym is a leader in autonomous medical coding, supporting six specialties across both inpatient and outpatient care, including emergency medicine, radiology, outpatient surgery, outpatient visits, inpatient professional coding, and urgent care. Its autonomous medical coding engine uses AI and clinical language understanding (CLU) technology to decipher patient charts and aims to accurately assign medical codes in seconds.

In August of 2024, Nym’s autonomous coding engine earned the Toolbox designation in Epic’s Showroom, specifically within the Fully Autonomous Coding category. It is used by some of the top healthcare systems in the U.S. Across its customer base of health systems, hospitals, and physician groups in the U.S., the company has processed over six million charts annually as of September 2024

The company has R&D capabilities in Tel Aviv.

FinSMEs

01/10/2024

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