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Overview
SmarterDx analyzes medical data from patient charts to support faster, data-driven clinical decisions. It uses counterfactual modeling to identify missed Clinical Documentation Improvement (CDI) and coding opportunities, helping providers improve patient care and increase revenue. The platform processes diverse data points such as notes, lab results, medications, orders, vitals, and ICD-10 codes, turning slow, manual searches into rapid, informed decisions. Unlike traditional approaches, SmarterDx emphasizes surfacing missed opportunities in documentation and coding, and offers a risk-free business model with a guaranteed 5:1 return on investment, aiming to streamline workflows, enhance patient care, and boost revenue for healthcare providers.
About SmarterDx
Industries
Data & Analytics
Enterprise Software
AI & Machine Learning
Healthcare
Company Size
201-500
Company Stage
Series B
Total Funding
$56M
Headquarters
New York City, New York
Founded
2020
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Simplify's Take
What believers are saying
- SmarterDx reported 85+ health systems and 300+ hospital sites on September 3, 2026.
- SmarterDenials launched March 16, 2025, expanding revenue capture beyond pre-bill review.
- New Mountain's April 17, 2025 growth investment funds product innovation and commercial expansion.
What critics are saying
- New Mountain acquired SmarterDx in May 2025, risking roadmap changes and cross-sell pressure.
- Indeed reviews on April 30, 2026 describe cuts, brutal workloads, and management churn.
- Waystar/Iodine, Regard, and Ambience increasingly bundle adjacent workflows, shrinking standalone differentiation.
What makes SmarterDx unique
- Physician-built counterfactual modeling reviews every discharge chart, not sample audits.
- SmarterDx understands 10,000 diagnoses and procedures, sharpening missed-CDI detection.
- Black Book 2026 ranked SmarterDx third in acute-care evidence traceability.
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Funding
Total Funding
$56M
Above
Industry Average
Funded Over
2 Rounds
Bessemer Venture PartnersIndustry standards
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
6 month growth
↑ 5%1 year growth
↑ 0%2 year growth
↑ 10%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
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
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.
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, SmarterPrebill™ and SmarterDenials™, assist in recovering revenue and improving care quality. Over 40 health systems with 180 hospital sites use its platform.
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.
SmarterDx is Hiring for 12 Jobs on Simplify!
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About SmarterDx
Industries
Data & Analytics
Enterprise Software
AI & Machine Learning
Healthcare
Company Size
201-500
Company Stage
Series B
Total Funding
$56M
Headquarters
New York City, New York
Founded
2020
SmarterDx is Hiring for 12 Jobs on Simplify!
Find jobs on Simplify and start your career today