SmarterDx

Analyzes medical data for improved diagnosis

New York City, New York, United States

About SmarterDx

SmarterDx provides services in medical data analysis to enhance the diagnosis process in healthcare. The company analyzes extensive data from patient charts, including notes, lab results, medications, and vital signs, to simplify complex medical diagnoses. A key feature of SmarterDx is its use of counterfactual modeling, which helps healthcare providers identify missed opportunities for Clinical Documentation Improvement (CDI) and coding, ultimately leading to better patient care and increased revenue. Unlike many competitors, SmarterDx offers a risk-free business model that guarantees a 5:1 return on investment, ensuring that clients see significant financial benefits from their services. The goal of SmarterDx is to transform slow, manual data searches into quick, informed decisions, thereby improving the efficiency of healthcare providers and enhancing patient outcomes.

New York City, New YorkHeadquarters
2020Year Founded
$54.5MTotal Funding
SERIES_BCompany Stage
Data & Analytics, HealthcareIndustries
51-200Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
Free One Medical membership
Parental Leave
Remote Work Options

Risks

Competition from companies like Abridge threatens SmarterDx's market share.
Partnerships simplifying healthcare disbursements may reduce demand for SmarterDx's services.
Slow growth in healthcare IT deal activity could limit investment opportunities.

Differentiation

SmarterDx uses counterfactual modeling to identify missed CDI and coding opportunities.
The platform transforms manual searches into rapid decisions for better patient care.
SmarterDx offers a risk-free business model with a guaranteed 5:1 ROI.

Upsides

Increased adoption of AI in healthcare billing aligns with SmarterDx's offerings.
SmarterDenials addresses the growing need to combat payer denials in hospitals.
Continued investment in digital health startups presents opportunities for SmarterDx.

Funding

Total raised$54.47 M
Latest valuation$250.00 M
StageSERIES_B