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RapidClaims Funded $11M to Transform AI-Powered Medical Billing

  • 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.

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