SmarterDx

SmarterDx

Analyzes medical data for improved diagnosis

About

SmarterDx simplifies medical diagnosis by analyzing extensive patient data, including notes, lab results, and vital signs. Its main service uses counterfactual modeling to uncover missed opportunities in Clinical Documentation Improvement (CDI) and coding, helping healthcare providers enhance patient care and boost revenue. Unlike competitors, SmarterDx offers a risk-free business model with a guaranteed 5:1 return on investment, ensuring clients see significant financial benefits. The goal is to transform slow, manual processes into quick, informed decisions, ultimately improving the efficiency of healthcare delivery.

Company Stage

Series B

Employees

51-200

Industries

Data & Analytics, Healthcare

Total Funding

$54.5M

Headquarters

New York City, New York

Founded

2020


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Simplify's Take

What believers are saying

  • SmarterDx raised $50M in Series B funding to accelerate product innovation.
  • The launch of SmarterDenials helps hospitals combat payer denials effectively.
  • Growing demand for AI-driven healthcare solutions supports SmarterDx's market expansion.

What critics are saying

  • Increased competition from companies like Abridge threatens SmarterDx's market share.
  • Slow growth in healthcare IT deal activity may challenge future funding rounds.
  • High cybersecurity risks due to medical devices not running anti-malware software.

What makes SmarterDx unique

  • SmarterDx uses counterfactual modeling to identify missed CDI and coding opportunities.
  • The platform transforms manual searches into rapid decisions for better patient care.
  • SmarterDx offers a risk-free business model with a guaranteed 5:1 ROI.

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Growth & Insights
Headcount

6 month growth

83%

1 year growth

266%

2 year growth

1157%

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