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Procode AI

Health · Los Angeles, United States

AI-powered procedural coding for medical billers MoreLess

Procode AI is a technology company specializing in AI-powered revenue cycle management (RCM) for surgeons in private practice. Founded in 2024 by Jeff Cripe, Kameron Rezzadeh, M.D., and James Baez-Silva, the company aims to modernize and automate the complex process of medical billing for surgical procedures. It launched from stealth in early 2026 with $4 million in funding and the strategic acquisition of The Auctus Group, a prominent US biller for plastic surgeons and dermatologists.

The company's core offering is an AI-powered platform designed to automate coding, streamline claims management, and improve reimbursement outcomes for medical practices. The flagship product, the "Coding Copilot," leverages artificial intelligence to translate operative reports into the correct billing and diagnostic codes (CPT, Dx, Modifiers). This tool integrates directly with Electronic Health Record (EHR) systems to pull patient records, code them while cross-checking against billing rules (NCCI/MUE/LCD), and prepare charges for human review before submission. Procode AI states its solution enables medical coders to work up to 90% faster, increases accuracy, reduces coding-related denials, and decreases accounts receivable (AR) days.

Procode's business model is centered on providing its intelligent billing infrastructure to a market that has historically been underserved by advanced AI technology, which was often reserved for large healthcare systems. The company serves specialties such as Plastic Surgery, Dermatology, ENT, Urology, Ophthalmology, and various surgical fields. By acquiring The Auctus Group, founded in 2012, Procode immediately expanded its reach to over 300 providers and demonstrated significant financial impact, adding $2 million in annual recurring revenue within five months post-acquisition.

The founding team combines expertise in technology and medicine. This background informs their focus on building technology that ensures providers are reimbursed fairly and quickly, allowing them to concentrate on patient care rather than administrative burdens. The company has received backing from investors including Story Ventures, CHAP Health Ventures, and Progression Fund.

Keywords: revenue cycle management, medical coding automation, surgical billing AI, healthcare finance technology, AI medical coding, procedural coding, EHR integration, claims management automation, medical billing software, plastic surgery billing, dermatology billing, healthcare RCM, Jeff Cripe, Kameron Rezzadeh, James Baez-Silva, The Auctus Group, denial management, accounts receivable automation, CPT coding AI, diagnostic codes AI, medical reimbursement

Company overview

Procode AI company information

The essential company record, classifications and operating signals in one place.

Status
Operational
Founded
Headquarters
Los Angeles, United States
Employees
11
Open positions
None listed
Dealroom signal
0.0
Investment activity
1 companies · latest Mar 2026
Capital deployed
Preferred round
ACQUISITION
client focusb2btechnologyArtificial Intelligencebusiness modelSaaSsectorBillingindustryHealthsectorRevenue ManagementsectorCore AIsectorMedical Data

Valuation & funding

Procode AI funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES AOther financing Jul 2026 $10M $40M Health Velocity Capital
EARLY VCOther financing Mar 2026 $4M $16M Story Ventures · CHAP Health Ventures · Dmitry Shevelenko · Progression Fund
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Financials

Revenue and workforce over time

Available revenue and workforce history. Fields without reported data are omitted.

YearRevenueGrowthEmployees
2026 $2.2M 0% 11
2025 $2.2M
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Growth signals

Procode AI website traffic

Latest recorded traffic for Procode AI is 56K monthly website visits, up 250% over the last three months.

Latest monthly visits56K 3-month web change+250%
Monthly website visits6 observations · Feb 2026–Jul 2026
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Comparisons

Procode AI compared with similar companies

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Capital deployed

Procode AI investments and acquisitions

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Talent graph

Procode AI's talent

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Team profiled 1 named & role-tagged
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Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
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Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

5 investors on Procode AI's cap table

Sourced from Dealroom's funding and investor records.

Series A 5 investors entered at this stage
Story Ventures
CHAP Health Ventures
Dmitry Shevelenko
Progression Fund
Health Velocity Capital

Global footprint

Where Procode AI has talent and traffic

Workforce by country
1 countries with
team presence
🇺🇸 United States100%
1 country shown

In the news

Latest news about Procode AI

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Market sentiment

What the market is saying about Procode AI

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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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