CodaMetrix is an Autonomous Coding & RCM company founded in 2018 and based in Boston, United States. It has raised $106.7M in total funding, most recently a Series B in 2025.
| 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 |
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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.
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.
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.
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