Key Highlights
- Candid Health raises $29M Series B led by 8VC.
- The platform automates medical billing for 150+ healthcare providers.
- Candid’s automation enables 95-99% first pass resolution on claims.
- Supported by Y Combinator, First Round Capital, BoxGroup, and 8VC.
- The company has raised a total of $47M.
Source: Newswire
Notable Quotes
- “Candid Health transformed the way we do business. We went from a manual process to automation that submits claims efficiently and correctly.” — Stephanie Liu, Co-founder at Nourish
- “We focus on submitting claims correctly the first time so that there are no issues to fix.” — Nick Perry, CEO at Candid Health
- “Candid Health brings urgently needed simplicity to the complexity that characterizes medical billing.” — Sebastian Caliri, Partner at 8VC
SoHC's Take
Candid Health’s $29M Series B, led by 8VC, marks a significant milestone in the automation of healthcare billing. By focusing on submitting claims correctly the first time, Candid is tackling a major inefficiency in the U.S. healthcare system. Their platform has clearly resonated with healthcare providers, achieving impressive first pass resolution rates of 95-99%. The backing from prominent investors underscores the market’s recognition of the urgent need to modernize revenue cycle management, paving the way for cost reductions and improved service delivery across the healthcare sector.
