Latest news with #NiteshShroff
Time of India
2 days ago
- Business
- Time of India
Healthcare focused startup Arintra raises $21 million in funding round led by Peak XV Partners
Academy Empower your mind, elevate your skills GenAI-native autonomous medical coding platform Arintra , headquartered in Texas, has raised $21 million in its Series A round of fundraising, which was led by Peak XV Partners The round also saw Endeavor Health Ventures, Y Combinator, Counterpart Ventures, Spider Capital, Ten13, and others in 2020 by Nitesh Shroff and Preeti Bhargava, Arintra builds an artificial intelligence(AI)-based system that automatically codes patient charts within hospital's electronic health records (EHRs).It helps health systems capture payments accurately by reducing coding errors, missed charges, and payment delays.'At Arintra, we bring together autonomous medical coding, clinical documentation improvement, and denial prevention in a single platform,' said Bhargava, who is also the CTO of Arintra, in a media release.'By helping providers document what was done, code what was documented, and properly support what was charged, we enable them to secure full, compliant reimbursement at a lower cost, with fewer delays and significantly less manual effort,' Bhargava company said the funds will be used to accelerate product development, scale its team, and open a new headquarters in the Bay Area (California) to meet rising demand as it expands across health systems and physician company claimed it has processed over $1 billion in healthcare charges and helped hospitals recover millions in lost revenue. At Mercyhealth, it reported a 5.1% revenue increase, a 43% drop in claim denials with work queues cleared in half the time, and coding costs cut by about is an integrated, non-profit healthcare system serving hospitals, clinics, and providing health insurance addition to cutting expenses, Arintra integrates with EHR systems such as Epic and Athena using an enterprise SaaS model.'Reimbursement in healthcare is fundamentally broken. Payers are moving fast, using policy and technology to shift more of the burden onto providers, but autonomous coding hasn't kept up,' said Shroff.
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Business Standard
3 days ago
- Business
- Business Standard
Arintra secures $21m Series A funding led by Peak XV for AI medical coding
Arintra, a GenAI-powered medical coding platform for healthcare providers, has raised $21 million in Series A funding led by Peak XV Partners, with Endeavor Health Ventures, Y Combinator, and others participating. The funds will support nationwide adoption, accelerate product development, expand the team, and establish a Bay Area headquarters to meet growing demand. 'Reimbursement in healthcare is fundamentally broken. Payers are moving fast, using policy and technology to shift more burden onto providers, but autonomous coding hasn't kept up,' said Nitesh Shroff, Co-founder and Chief Executive Officer, Arintra. 'We built Arintra to help healthcare providers secure compliant revenue at scale while easing the burden on frontline teams.' Tight margins and rising complexity The company said healthcare organisations face tighter margins, coder shortages, and complex payer demands. New policies have further strained reimbursements, driving demand for proactive automation to help providers navigate an increasingly challenging environment. Arintra said it delivers revenue assurance through a proactive, outcomes-driven approach, ensuring health systems receive accurate, efficient reimbursement. 'At Arintra, we bring together autonomous medical coding, clinical documentation improvement, and denial prevention in a single platform,' said Preeti Bhargava, Co-founder and Chief Technical Officer, Arintra. 'By helping providers document what was done, code what was documented, and properly support what was charged, we enable them to secure full, compliant reimbursement at a lower cost, with fewer delays and significantly less manual effort.' Client results and ROI Arintra also helped Reid Health improve accounts receivable speed and coding accuracy. 'We chose Arintra because it integrates deeply with Epic and changed how we code without disrupting our workflows. We went from billing delays and high denials to faster A/R and fully automated charge capture. It is one of the few AI tools that delivers hard ROI, fast,' said Muhammad Siddiqui, Chief Information Officer at Reid Health. Mohit Bhatnagar, Managing Director, Peak XV Partners, said: 'The disruption of the $150 billion healthcare reimbursements industry will be one of AI's defining impacts. Arintra's autonomous system tackles one of the hardest challenges for providers: translating clinical documentation into accurate insurance codes so they get paid fairly and fast. After backing Nitesh and Preeti at seed through our Surge programme, Peak XV Partners is excited to double down and lead Arintra's Series A round.' Arintra's GenAI platform combines large language models and clinical knowledge graphs to apply specialty-specific coding with precision. The fully explainable, auditable codes integrate with electronic health records such as Epic and Athena, operating seamlessly within existing clinical workflows.
