XpertDox raised US$20 million in Series A funding. Savant Growth led the round, with support from Kennet Partners. The Scottsdale, Arizona company automates medical coding for healthcare providers.
Investor backing
Savant Growth focuses on applied AI and tech-enabled services companies. Kennet Partners participated as an investment partner. Javier Rojas of Savant Growth joined the XpertDox board as part of the deal.
Customer traction
More than 40 healthcare organizations use XpertCoding, including seven federally qualified health centers across six states. Lone Star Circle of Care cut manual effort by 94% and improved charge capture by 10%. XpertDox says it doubled revenue in the past 12 months, with 95% customer retention and 126% net revenue retention.
What the platform does
XpertCoding turns clinical documentation into coded data for accurate billing. It handles more than 91% of claims without manual intervention and returns them in under 24 hours. The software keeps coding-related denials below 2%, according to the company.
XpertDox plans to expand onboarding capacity so new customers can start faster. It also aims to broaden specialty depth and grow its engineering and customer teams. The company will expand its business intelligence dashboards and workflows.