Transformation Capital Partners led a $40m Series B funding round in CodaMetrix.

Transformation Capital Partners, a growth equity fund, led a $40m Series B funding round in CodaMetrix, an artificial intelligence solution for transforming healthcare and revenue cycle management company, with participation from SignalFire and Frist Cressey Ventures. “Medical coding is one of the most time-consuming, understaffed and inherently error-prone parts of the health system revenue cycle. Hospitals face a high demand on human and financial resources and clinicians must often work through tedious, administrative processes away from patient care." Hamid Tabatabaie CodaMetrix President and CEO.