RapidClaims, a NYC-based developer of a revenue cycle and billing platform, has secured $11 million in Series A funding round led by Accel, with participation from Together Fund and strategic angel investors.
RapidClaims utilizes AI-powered and large language models to ensure accurate autonomous medical coding and compliance, streamlining claims lifecycle and improving revenue management for healthcare organizations.
The platform integrates with electronic health records (EHR) and billing systems, utilizing machine learning to predict and prevent claim denials before they occur.
RapidClaims plans to introduce new features including AI-driven contract analysis and automated appeal generation, and expand partnerships with major healthcare providers and insurance companies.