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Candid Health
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Automated revenue cycle management platform for healthcare
Candid Health
Work Here?
Automated revenue cycle management platform for healthcare
About Candid Health
Industries
Enterprise Software
Healthcare
Company Size
51-200
Company Stage
Series C
Total Funding
$95M
Headquarters
San Francisco, California
Founded
2019
Overview
Candid Health specializes in automated revenue cycle management for healthcare providers. Its platform identifies and resolves issues that impact revenue cycles, helping to improve insurance collections. The service is designed for healthcare providers seeking efficient billing solutions and operates on a subscription model, allowing clients to access the platform for a fee. This platform can easily integrate with various healthcare infrastructures, whether custom-built or commercial. Candid Health differentiates itself by focusing on automation and seamless integration, which helps healthcare providers save time and enhance their revenue collection rates.
Simplify's Take
What believers are saying
- Raised $52.5M in Series C to enhance GenAI features and expand platform.
- Experienced nearly 250% revenue growth YoY in 2024, indicating strong market demand.
- Increased adoption of AI in healthcare billing expected to grow by 40% in five years.
What critics are saying
- Emerging startups with similar solutions could erode Candid Health's market share.
- Integration challenges with legacy systems may slow platform adoption.
- Regulatory scrutiny on AI in healthcare could increase compliance costs.
What makes Candid Health unique
- Candid Health automates revenue cycle management using AI and machine learning.
- The platform offers seamless API integration with existing healthcare infrastructures.
- Candid Health provides end-to-end automation, optimizing financial operations for providers.
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Funding
Total Funding
$95M
Meets
Industry Average
Funded Over
4 Rounds
BoxGroup
First Round Capital
Y CombinatorIndustry standards
Benefits
Remote Work Options
Company Equity
Mental Health Support
Growth & Insights and Company News
6 month growth
↓ -3%1 year growth
↑ 21%2 year growth
↑ 21%Candid Health raised $52.5 million in Series C funding led by Oak HC/FT, bringing total funding to $99.5 million. The company aims to enhance GenAI features and expand its revenue cycle automation platform to more healthcare providers. Candid's platform improves touchless claim rates and payor net collection rates, driving industry-leading results. The company experienced nearly 250% revenue growth YoY in 2024 and plans to expand customer relationships with multi-site provider groups nationally.
Candid Health, the autonomous revenue cycle automation platform for healthcare providers, today announced it has raised $52.5 million in Series C funding led by Oak HC/FT with participation from existing investors.
SAN FRANCISCO, CA / ACCESSWIRE / September 11, 2024 / Candid Health, the revenue cycle automation platform for healthcare providers, today announced a $29 million Series B led by 8VC with participation from existing investors First Round Capital, BoxGroup, and Y Combinator. This brings the company's total amount raised to $47 million.
Candid Health announces $29 million Series B led by 8VC to transform revenue cycle automation.
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About Candid Health
Industries
Enterprise Software
Healthcare
Company Size
51-200
Company Stage
Series C
Total Funding
$95M
Headquarters
San Francisco, California
Founded
2019
Candid Health is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today