CodaMetrix

CodaMetrix provides an AI-powered autonomous medical coding platform that automates CPT and ICD code assignment from clinical documentation for health systems. Spun out of Mass General Brigham. #1 Best in KLAS autonomous coding 2025. Modern Healthcare Best in Business Award 2025. Raised $55M Series B led by SignalFire.

CodaMetrix won the inaugural Best in KLAS for autonomous medical coding in 2025, establishing itself as the category leader at a time when AI coding is one of the fastest-adopting AI applications in healthcare revenue cycle.

codametrix.com Autonomous Coding & RCM

United Statesprivate

At a glance

Total raised

$106.7M

last round series b

Headcount

51-200

approximate · public range

Headquarters

Boston

United States

Founded

2018

8 years active

Status

Private

Autonomous Coding & RCM

Subsector

Autonomous Coding & RCM

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Funding history

Total raised

$106.7M

Rounds tracked

Latest stage

Series B

Date	Stage	Amount	Valuation	Lead investors
May 2, 2025	Series B	$11.7M	—	—
Mar 12, 2024	Series B	$40M	—	Transformation Capital
Feb 27, 2023	Series A	$55M	—	SignalFire

Founder backgrounds

Hamid Tabatabaie

President & CEO

A serial entrepreneur in healthcare technology, Tabatabaie studied at Boston University before founding and leading multiple health IT companies. He was founder and CEO of **lifeIMAGE**, which became the most widely used cloud-based platform for diagnostic imaging exchange. Earlier, he served as CEO of **AMICAS**, a medical imaging and healthcare IT company. He has been involved in the early stages of four healthcare ventures and has held board seats at companies including InfoBionic. At CodaMetrix, he applies decades of medical informatics experience to building an AI platform that autonomously translates clinical documentation into billing and diagnostic codes for health systems.

AI bull / bear

Bull case

CodaMetrix is positioned to dominate the autonomous medical coding category at a moment when health systems are desperate for margin relief. Winning the inaugural Best in KLAS for autonomous coding in 2025 signals that actual customers — not just analysts — view the platform as the category benchmark, which accelerates enterprise procurement decisions in a reference-driven market. The Mass General Brigham pedigree isn't just branding; it means the system was hardened inside one of the country's most rigorous academic medical centers, giving it clinical credibility that pure-play startups cannot fabricate. With $107 million in total funding, including a SignalFire-led Series B, the company has the capital runway to invest in go-to-market and model refinement while competitors scramble for clinical validation. AI-driven coding is among the fastest-adopting AI applications in healthcare revenue cycle, and CodaMetrix's first-mover position in a newly defined KLAS category suggests it will capture a disproportionate share of the early majority as autonomous coding shifts from pilot to standard practice.

Bear case

First-mover advantage in autonomous coding is fragile when the incumbents have not yet shown their hands. Solventum (formerly 3M Health Information Systems) owns deep relationships with thousands of hospitals and can embed AI coding modules into existing RCM workflows with minimal switching friction. Optum and Epic have the data moats and balance sheets to acquire or build competitive offerings that leverage patient-record integration no standalone vendor can match. CodaMetrix's most recent raise — a $12 million extension in May 2025 — is modest relative to the $55 million Series B headline and may signal that growth metrics aren't supporting a true up-round. Autonomous coding also carries concentrated tail risk: a single high-profile coding error that triggers a payer audit or fraud allegation could freeze adoption across the entire customer pipeline. Health systems face genuine liability questions around delegating code assignment to an AI, and without clear regulatory safe harbors, procurement committees will default to the slowest possible evaluation cycle — extending sales timelines well beyond what venture timelines can tolerate.

Generated by deepseek-v4-pro · May 2, 2026Refreshes quarterly · see disclosures

In the news

CodaMetrix · last 30 days

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Leadership

Hamid Tabatabaie

President & CEO

Chris Gervais

Chief Technology Officer

Robin Lloyd

Chief Operating Officer

—

Gail Airasian

Chief Growth Officer

—

Products

CMX CARE™
CodaMetrix's flagship AI-powered contextual coding automation platform that automatically translates clinical documentation into complete, billable CPT and ICD codes for health systems. Purpose-built for multi-specialty hospital systems, CMX CARE continuously learns from real-time coding decisions made by coding teams, cutting coding-related denials by up to 60% while improving both facility-based and professional fee coding accuracy and efficiency.
CMX Automate™
A cloud-based autonomous coding solution distributed through GE HealthCare that uses AI-powered medical coding to bolster quality and efficiency. Designed as a turnkey offering for healthcare providers, CMX Automate brings CodaMetrix's autonomous coding capabilities to a wider market through GE HealthCare's distribution channels, enabling rapid deployment without complex on-premise infrastructure.
Emergency Department (ED) Coding Automation Module
A specialized module built atop the CMX CARE platform for emergency department coding automation, developed in collaboration with UC San Diego Health and Mass General Brigham. This solution addresses the unique coding challenges of emergency medicine, capturing the complexity of each patient's ED visit while automating the assignment of appropriate E/M levels and diagnosis codes from clinical documentation.

Open roles

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