Modest investments in refining billing processes can substantially improve both patient care and financial outcomes for healthcare providers, reducing claim denials and cash flow difficulties.
SmarterDx's platform leverages data points per patient encounter to automate billing code generation, ensuring precise billing, reducing denials, streamlining staffing, and leading to a $2M increase in annual revenue for every 10,000 patients managed.
SmarterDx raised $50M in Series B funding led by Transformation Capital, bringing the total funding to $71M, with continued support from Bessemer Venture Partners, Flare Capital Partners, and Floodgate Fund.
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