SmarterDx, founded in 2020 by Drs. Michael Gao and Joshua Geleris, builds a proprietary clinical AI platform that analyzes the complete record of every patient to fully capture the value of care delivered. Its SmarterPrebill solution enables clinical documentation integrity (CDI) and coding teams to validate every detail of patient care, helping hospitals recover millions in earned revenue, while SmarterDenials provides a faster, more effective way to overturn denials and recover lost revenue. The company reports a Day One, 5:1 ROI across some of the largest hospitals and serves over 40 leading health systems spanning 180 hospital sites. SmarterDx was recognized as one of Modern Healthcare’s 2024 “Best in Business” in the Newcomer – Startups category. With New Mountain Capital’s growth investment, SmarterDx plans to bolster its technology and AI platform, accelerate its existing product roadmap, and develop complementary solutions to drive additional value for hospitals and health systems. The transaction is subject to customary regulatory approvals and is expected to close in the second quarter. SmarterDx is a NYC-based clinical AI company that uses AI to understand each patient’s clinical journey to improve revenue integrity and care quality for hospitals and health systems. Its platform ingests more than 30,000 data points per chart, can be implemented in weeks, and the company says it delivers a risk-free ROI. SmarterDx focuses on empowering clinical documentation integrity and coding teams to capture a more accurate, more complete patient picture. The company plans to use the new funding to accelerate product innovation, add new clinical and financial data integrations, and refine proprietary algorithms that identify revenue and quality opportunities. It also intends to expand its market to benefit more hospitals and health systems. Led by CEO Dr. Michael Gao, SmarterDx has raised $71M to date following the $50M Series B.

Total raised

$50M

Funding rounds

2

Latest round

Series B

Latest activity

May 2024