SmarterDx

SmarterDx

Analyzes medical data for improved diagnosis

About SmarterDx

Simplify's Rating
Why SmarterDx is rated
B+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated A on Differentiation

Industries

Data & Analytics

Healthcare

Company Size

51-200

Company Stage

Series B

Total Funding

$56M

Headquarters

New York City, New York

Founded

2020

Overview

SmarterDx focuses on enhancing medical diagnosis through advanced data analysis in the healthcare sector. The company analyzes extensive data from patient charts, including notes, lab results, medications, and vital signs, to simplify the diagnostic process. A key feature of SmarterDx's service is counterfactual modeling, which helps healthcare providers identify missed opportunities for Clinical Documentation Improvement (CDI) and coding, ultimately leading to better patient care and increased revenue. Unlike many competitors, SmarterDx offers a risk-free business model that guarantees a 5:1 return on investment, ensuring that clients see significant financial benefits from their services. By transforming slow, manual data searches into quick, informed decisions, SmarterDx aims to streamline workflows for healthcare providers, enhancing both patient outcomes and operational efficiency.

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Significant Headcount Growth
Simplify Jobs

Simplify's Take

What believers are saying

  • SmarterDx won 'Best Overall Healthcare Operations Solution' at the 2025 MedTech Breakthrough Awards.
  • New Mountain Capital's investment supports SmarterDx's growth and product innovation.
  • SmarterDx's SmarterDenials helps hospitals combat payer denials, enhancing revenue integrity.

What critics are saying

  • Emerging AI technologies in healthcare could pose competition to SmarterDx's offerings.
  • The competitive healthcare IT investment landscape may affect SmarterDx's future funding.
  • Visa Direct's partnership could reduce demand for SmarterDx's revenue integrity solutions.

What makes SmarterDx unique

  • SmarterDx uses counterfactual modeling to identify missed CDI and coding opportunities.
  • The platform guarantees a 5:1 return on investment for healthcare providers.
  • SmarterDx transforms manual searches into rapid, informed decisions for better patient care.

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Funding

Total Funding

$56M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:
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
Linktree
$50M
SmarterDx
$65M
Substack
$100M
ClickUp

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

Free One Medical membership

Parental Leave

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 5%

2 year growth

↑ 0%
PYMNTS
May 25th, 2025
Can Ai-Powered Smart Glasses Help Spot Medication Errors?

Every day, someone dies from getting the wrong medication or improper dosages of the right one. Now, researchers at the University of Washington (UW) are working on ways to solve this problem in part by using artificial intelligence (AI), NBC News reported Sunday (May 25). Dr. Kelly Michaelsen, an assistant professor of anesthesiology and pain medicine, told the network she had read studies at the prevalence of medication errors among anesthesiologists and began to wonder if AI could help spot errors

PR Newswire
May 13th, 2025
Smarterdx Named "Best Overall Healthcare Operations Solution" In 9Th Annual Medtech Breakthrough Awards Program

Prestigious international annual awards program recognizes standout digital health and medical technology products and companies.NEW YORK, May 8, 2025 /PRNewswire/ -- SmarterDx, the leader in clinical AI for revenue integrity and care quality, announced today that it has been selected as winner of the "Best Overall Healthcare Operations Solution" award in the 9th annual MedTech Breakthrough Awards program conducted by MedTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies, and products in the global digital health and medical technology market

JD Supra
Apr 30th, 2025
New Mountain Invests in SmarterDx AI

New Mountain Capital has made a strategic investment in SmarterDx, a New York-based company specializing in clinical AI for revenue integrity and care quality. New Mountain, also based in New York, is a growth-focused investment firm managing approximately $55 billion in assets. The terms of the investment were not disclosed.

Finsmes
Apr 15th, 2025
SmarterDx Gains Investment from New Mountain

SmarterDx, a NYC-based clinical AI company, received an undisclosed investment from New Mountain Capital. The funds will support growth and product innovation. Founded in 2020, SmarterDx provides a platform to help hospitals analyze discharges and improve revenue integrity. Its solutions, SmarterPrebillâ„¢ and SmarterDenialsâ„¢, assist in recovering revenue and improving care quality. Over 40 health systems with 180 hospital sites use its platform.

Health Technology Insights
Apr 14th, 2025
SmarterDx Begins Growth Phase with New Mountain Capital

SmarterDx, Inc., a leader in clinical AI for revenue integrity and care quality, announced a strategic investment from New Mountain Capital, LLC, a leading growth-oriented investment firm with more than $55 billion in assets under management.

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