Fathom Health

Fathom Health

AI-driven healthcare revenue cycle optimization

About

Fathom Health focuses on improving the healthcare revenue cycle by using artificial intelligence to automate various administrative tasks. Their products help healthcare providers, such as hospitals and clinics, by handling tasks like transcription and documentation, which allows medical professionals to dedicate more time to patient care instead of paperwork. What sets Fathom Health apart from its competitors is its specific use of AI-enabled bots to enhance both efficiency and accuracy in managing revenue cycles. The company's goal is to improve financial outcomes for healthcare providers through streamlined operations and better resource allocation.

Company Stage

Series B

Employees

51-200

Industries

Enterprise Software, AI & Machine Learning, Healthcare

Total Funding

$59.2M

Headquarters

San Francisco, California

Founded

2017


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Simplify's Take

What believers are saying

  • AI-driven coding automation is increasingly adopted to improve accuracy and reduce burdens.
  • Healthcare AI market projected to grow to $45.2 billion by 2026, boosting demand.
  • Shift towards value-based care aligns with Fathom's efficiency-focused offerings.

What critics are saying

  • Emerging AI healthcare startups increase competition, threatening Fathom's market share.
  • Potential regulatory changes in AI and data privacy could impact operations.
  • Economic downturns may reduce budgets, affecting revenue from subscriptions and contracts.

What makes Fathom Health unique

  • Fathom Health uses AI to automate medical coding, reducing administrative burdens.
  • The platform offers real-time audits, enhancing compliance and accuracy for healthcare providers.
  • Fathom's B2B model focuses on subscription fees and service contracts for revenue.

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Growth & Insights
Headcount

6 month growth

-2%

1 year growth

1%

2 year growth

14%

Benefits

Unlimited Paid Time Off

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

Home Office Stipend

Company Social Events

Company Equity

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