Full-Time
Product Manager
Posted on 10/2/2025
Iodine Software
51-200 employees
AI-powered revenue cycle management for healthcare
Compensation Overview
$106k - $135k/yr
Austin, TX, USA
Remote
Travel to and from company headquarters in Austin, Texas is required for new hire orientation, onboarding and occasional company meetings.
 Product (1) |
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- 3+ years experience in software product management
- Knowledge of healthcare revenue cycle
- Ability to travel up to 10% as necessary
- Experience with the software development lifecycle, such as user stories, product requirements, and backlog grooming
- Experience collaborating with designers to build mock-ups and prototypes for new features
- Bachelor's degree in relevant field
- Communicate with the executive leadership team to understand company goals and strategy to create new solutions and evolve existing products that ensure marketing leading position.
- Collaborate closely with stakeholders in Sales, Clinical Applications, and other groups to understand customer needs and market opportunities.
- Gathers and analyzes market and customer data to inform product priorities, including conducting persona interviews and shadowing.
- Partner with a cross functional design team to translate those needs to product plans, wireframes, mock-ups and detailed requirements.
- Work with Engineering to translate those plans into products.
- Coordinate with Product Marketing to position, message and launch those products.
- Experience constructing a business case for product initiatives
- Familiarity with machine learning, natural language processing, or general data science product principles
- Experience in the healthcare or healthcare technology industry
- Travel to and from company headquarters in Austin, Texas is required for new hire orientation, onboarding and occasional company meetings
Iodine Software uses AI to help healthcare providers improve money coming in from payers and make clinical notes more accurate. It serves about 500 hospitals with software that analyzes medical records and mimics a clinician’s judgment to ensure documentation is precise, reducing revenue leakage and payer denials. Its products, including AwareCDI and Iodine Labs, are subscription tools that identify and fix under- or mis-coding during the revenue cycle, helping hospitals receive appropriate reimbursement more reliably. Unlike general AI tools, it applies a proprietary Cognitive Emulation technology to scale review of records and documentation, aiming to boost incremental reimbursement (reported around $30 million per hospital) and strengthen financial resiliency for healthcare finance teams. The company’s goal is to provide accurate, efficient revenue cycle operations and stable, predictable payments for healthcare providers.
Company Size
51-200
Company Stage
Acquired
Total Funding
$1.3B
Headquarters
Austin, Texas
Founded
2010
Simplify's Take
What believers are saying
- Waystar acquisition October 2025 expands GenAI applications in prior authorizations, denial prevention, and appeals[3].
- Appeals Management Workspace reduces initial review time by 63%, from 15 to 5 minutes[2].
- TAM expansion of 15% through Waystar integration reaches 1,000+ hospitals and health systems[3].
What critics are saying
- Waystar integration risks 20–30% customer churn from forced platform migrations within 6–12 months[2].
- Aidoc's $150M funding and Healthcare Foundation Model directly competes in clinical decision-making AI space[2].
- FTC regulatory scrutiny on $1.25B deal may block synergies or force divestitures, delaying accretion[3].
What makes Iodine Software unique
- Proprietary IodineIQ engine trained on billions of clinical data points from one-third of U.S. inpatient discharges[3].
- AwarePre-Bill captures $3–4 million monthly in missed revenue through AI-driven post-discharge auditing[2].
- Integrated into Waystar platform, combining clinical intelligence with financial datasets for end-to-end revenue cycle optimization[4].
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Health Savings Account/Flexible Spending Account
Unlimited Paid Time Off
Flexible Work Hours
Remote Work Options
Paid Vacation
Paid Sick Leave
Paid Holidays
Sabbatical Leave
Hybrid Work Options
401(k) Retirement Plan
401(k) Company Match
Employee Assistance
Education Allowance
Phone/Internet Stipend
Home Office Stipend
Accident Insurance
Critical Illness Insurance
Hospital Indemnity Insurance
Pet Insurance
Legal and Identity Protection
Telehealth Services
Savings Accounts
Ancillary Benefits
Growth & Insights and Company News
6 month growth
↓ -10%1 year growth
↑ 2%2 year growth
↑ 6%Extends Waystar’s AI leadership into clinical intelligence software, unlocking greater value for clients and shareholders Highly recurring subscription-based business projected to be accretive to Waystar’s financial profile Expected to expand Waystar’s total addressable market by more than 15% Conference call to be held Wednesday, July 23, 2025, at 5:30 p.m. ET LEHI, Utah, LOUISVILLE, Ky., […]
Waystar will acquire Iodine Software for $1.25 billion. Aidoc raises $150 million, bringing its total funding to $370 million, to enhance its Healthcare Foundation Model for clinical decision-making. CaringAI launches a voice-based dementia care platform and appoints Dr. Stephanie Ruth Young as Clinical Research Advisor.
What You Should Know:– Iodine Software, the leader in healthcare AI for revenue cycle optimization, today launched the next generation of its pre-bill solution, AwarePre-Bill, designed to help health systems close critical revenue gaps before claims are submitted.– Built on years of proven success, the solution enables health systems to conduct financially targeted retrospective reviews, improving code accuracy and documentation to help right-size reimbursement. With Iodine, clients have captured $3–4 million per month in previously missed revenue.AdventHealth Partners with Iodine Software to Strengthen Revenue Cycle and Clinical Documentation PerformanceAdventHealth, a nationwide network of over 2,000 care sites and more than 100,000 team members, delivers whole-person care to nearly nine million individuals annually. Guided by its mission to extend the healing ministry of Christ, AdventHealth supports patient well-being across body, mind, and spirit. In an era of increasing financial strain across the healthcare sector—where nearly 40% of hospitals operate at a deficit and claim denials have risen 16% in the past six years—the organization is taking decisive steps to ensure operational sustainability through AI-driven innovation.To address rising documentation demands, reimbursement complexities, and administrative inefficiencies, AdventHealth has implemented Iodine Software’s AI-powered clinical intelligence solution. Iodine’s pre-bill review platform enhances revenue integrity by enabling accurate documentation, optimizing diagnosis coding, and reducing the administrative burden on clinical and revenue cycle teams. Trusted by hundreds of health systems, Iodine applies targeted AI—ranging from machine learning to GenAI and Agentic AI—to deliver reliable, high-impact outcomes across key use cases.At the core of Iodine’s technology is a pre-bill prioritization engine that:Pinpoints patient records with the highest financial value,Filters out low-yield cases,Validates DRG and ICD-10 codes by identifying documentation gaps, suggesting optimized codes, and flagging alternate principal diagnoses.Additionally, the platform:Surfaces post-discharge query opportunities,Detects insufficient physician documentation support,Flags quality events such as hospital-acquired conditions (HACs) and patient safety indicators (PSIs) that could affect reimbursement,Provides clinical context with each recommendation to support confident, rapid decision-making.According to Dr
What You Should Know:– Iodine Software, a leader in healthcare AI and pioneer in mid-revenue cycle optimization, today launches its Appeals Management Workspace within its AwareUM solution.– This upgrade revolutionizes concurrent pre-claim denials management through automated appeal letter generation, centralized denial tracking, and intuitive customizable nurse-physician collaboration tools.Iodine Software Enhances Revenue Cycle Management with AI-Powered InnovationsIodine Software has been a leader in AI-driven healthcare solutions for over a decade, delivering proven ROI by automating mid-cycle revenue operations. Its Clinical Intelligence Platform—built on the industry’s largest set of clinical data—provides real-time insights to predict outcomes, automate complex processes, and minimize administrative burdens in the revenue cycle. By continuously reviewing every chart, the platform enhances clinical documentation accuracy, bridging the gap between manual processes and clinical intelligence. This scalable approach enables healthcare organizations to optimize revenue capture while allowing teams to focus on patient care.Building on the success of its existing Generative AI (GenAI) tools, AwareCDI and AwareUM, Iodine Software is expanding its capabilities to further address challenges in pre-claim denials management. Users have reported significant efficiency gains, reducing the time spent on initial reviews by 63%—from an average of 15 minutes to as little as five. The newly introduced Appeals Management Workspace leverages this technology to streamline inefficient processes, scale clinical intelligence, and enhance revenue cycle operations.Claims denials continue to rise across the healthcare sector, increasing administrative burdens and financial strain
- Iodine Software, a leader in healthcare AI and pioneer in mid-revenue cycle optimization, today launches its Appeals Management Workspace within its AwareUM solution.