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Fathom Health

AI-driven revenue cycle automation for healthcare

Overview

Fathom Health provides AI-powered automation for healthcare revenue cycle management. It helps hospitals and clinics by automating administrative tasks such as transcription and documentation, allowing clinicians to spend more time with patients. The product combines AI-enabled bots with existing workflows to handle tasks like data capture, documentation, and coding within the revenue cycle, typically delivered through subscription fees and service contracts in a B2B model. The company differentiates itself by focusing on AI-driven automation tailored to revenue cycle processes for healthcare providers, aiming to improve speed and accuracy of financial transactions and reduce administrative burden. Its goal is to improve financial outcomes for healthcare providers by making revenue cycle management more efficient and reliable.

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About Fathom Health

Simplify's Rating
Why Fathom Health is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsEnterprise SoftwareAI & Machine LearningHealthcare

Company Size

51-200

Company Stage

Series B

Total Funding

$60.8M

Headquarters

San Francisco, CA

Founded

2017

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Simplify's take

What believers are saying

  • Your Health went live in October 2025 and reported 95.5% automation by March 2026.
  • Fathom cites 98.3% accuracy, 0.66 RAF lift, and $35 million revenue benchmarking gains.
  • CVS Health Ventures investment on May 4, 2026 expands credibility with payers and providers.

What critics are saying

  • Hospitals can replace Fathom with Epic-native workflows if autonomy drops below manual parity.
  • Revenue depends on heavy claims accuracy; one CMS coding audit in 2027 can hit contracts.
  • Autonomous coding invites compliance liability if Fathom misses HCCs, modifiers, or sequencing rules.

What makes Fathom Health unique

  • May 2026 CVS Health Ventures backing validates Fathom's autonomous coding platform for enterprise buyers.
  • Fathom claims 90%+ automation and 95.5 KLAS score across health system coding workflows.
  • It deploys facility and professional coding across specialties, not department-by-department rollouts.

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Funding

Total Funding

$60.8M

Above

Industry Average

Funded Over

2 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
$46M
$65M
$100M

Benefits

  • Unlimited Paid Time Off
  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • 401(k) Company Match
  • Home Office Stipend
  • Company Social Events
  • Company Equity

Growth & Insights and Company News

6 month growth

-2%

1 year growth

-1%

2 year growth

0%
Yahoo Finance
May 4th, 2026
Fathom Secures Strategic Investment From CVS Health Ventures to Accelerate Enterprise-Wide Autonomous Coding

SAN FRANCISCO, May 04, 2026--Fathom has received a strategic investment from CVS Health Ventures, the venture capital arm of CVS Health.

Business Wire
Nov 10th, 2022
Fathom Secures $46M Series B Financing

Financing allows Fathom to continue to advance the standard in automated medical coding in response to critical challenges facing providers.

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