Nym Secures $47M Growth Investment to Expand Autonomous Medical Coding
Slice of Healthcare Team
10/04/2024
Key Highlights
- Nym secures $47 million in growth funding led by PSG.
- Participants include Google Ventures, Addition, and Samsung Next.
- Nym processes over 6 million charts annually with AI-powered coding.
- Demonstrated results: 95% accuracy, 35% cost reduction, and 50% claims denial reduction.
Source: Business Wire
Notable Quotes
“ We are passionate about helping the U.S. healthcare system operate more efficiently. Across our team of physicians, computational linguists, researchers, engineers, and medical coders, we’re energized by the opportunity to deliver AI that creates value for care providers and patients. ”
Or Peles, CEO at Nym
“ In our view, autonomous medical coding is the clear direction of travel for the healthcare industry due to the persistent shortage of medical coders and unmitigated costs, among other factors. ”
Rotem Shacham, Director at PSG
