Procode Raises $10 Million To Bring Its AI-Powered Medical Billing Services To Every Surgical Specialty

Procode Inc., a medical billing and revenue cycle management (RCM) company serving private practice surgeons, raised $10 million in Series A financing in a round led by Health Velocity Capital. Procode plans to use the financing for two acquisitions and to expand its artificial intelligence (AI)-powered RCM platform into other surgical specialties and ambulatory surgical center (ASC) billing. The company expects to announce the acquisition targets in the coming months.

Procode’s products include:

Procode: An artificial intelligence-assisted coding system that supports the workflow from charge capture through claim submission, identifies potential coding-related denials, and captures billing . . .