Key Highlights
- Nym secures $47 million in growth funding led by PSG.
- Participants include Google Ventures, Addition, and Samsung Next.
- Nym processes over 6 million charts annually with AI-powered coding.
- Demonstrated results: 95% accuracy, 35% cost reduction, and 50% claims denial reduction.
Source: Business Wire
Notable Quotes
- “We are passionate about helping the U.S. healthcare system operate more efficiently. Across our team of physicians, computational linguists, researchers, engineers, and medical coders, we’re energized by the opportunity to deliver AI that creates value for care providers and patients.” — Or Peles, CEO at Nym
- “In our view, autonomous medical coding is the clear direction of travel for the healthcare industry due to the persistent shortage of medical coders and unmitigated costs, among other factors.” — Rotem Shacham, Director at PSG
SoHC's Take
Nym’s growth investment led by PSG highlights the increasing demand for AI-driven healthcare solutions, particularly in the field of medical coding. As the industry grapples with coder shortages and rising administrative costs, Nym’s autonomous coding engine addresses these challenges by providing a scalable, accurate, and cost-effective solution. This funding will likely propel Nym’s expansion and further establish it as a leader in healthcare innovation, setting new standards for operational efficiency and financial performance in the U.S. healthcare system.
