Candid Health

Today, we’re proud to be a part of the Inc. Magazine list of fastest-growing private companies in the U.S. At #232, Candid puts autonomous healthcare RCM in the top 5%, thanks to 1,471% three-year revenue growth. More than 250 healthcare organizations run their revenue cycle on Candid today. For too long, providers have made do with legacy systems that can't keep up with practice volume or the rise of artificial intelligence. That’s changed with Candid. Read the full announcement: https://lnkd.in/gVu-fHUq #inc5000 #FastestGrowingCompanies

Candid’s North star has always been submitting claims correctly the first time, with no manual intervention.   Over 200 customers use our autonomous revenue cycle management platform to collect the revenue they've earned without the manual work that has defined RCM for decades.  Our founders, CEO Nick Perry and COO Doug Proctor, worked together at Palantir for more than five years on the leading edge of data engineering and automation. Healthcare providers spend $280 billion on RCM administration. Most of that work is still manual. It doesn't have to be. Nick Perry shares how. Read more: https://lnkd.in/gHSe5hpE

Yesterday we announced that we had raised a $120 million Series D round.  Today we're showing you why – what we’ve built that’s changed how RCM is done. Watch what revenue cycle automation actually looks like when it works. Less time chasing claims. Fewer manual workarounds. More revenue hitting your bottom line. This is Candid Health. Hit play. 👇

Big news! Candid Health has raised $120 million in Series D funding, led by Sixth Street, along with Oak HC/FT, 8VC and Y Combinator. We’ve 3x’d our valuation in just over a year and a half. That only happens when a company seeks to tackle a huge problem, and does it right. Every year, the U.S. healthcare system spends more than $280 billion on medical billing. Legacy systems can't keep up. Surprise: layering AI on top of broken infrastructure doesn't fix the problem. Providers need a new answer to keep up with today’s unprecedented scale and complexity. Candid’s platform can replace or sit on top of existing RCM software, and enables billing teams to automate their manual work by orchestrating AI, machine learning, and other automation on a unified data layer. Seven years into the journey, 200+ of the country's leading healthcare providers run their revenue cycle on Candid. This funding accelerates Candid’s mission to automate the financial infrastructure of American healthcare. Read more in Fortune: https://lnkd.in/g8rxvzye

Candid puts you in the driver's seat of your RCM operations. Full visibility into your team's workflows makes it easy to find new ways to drive better outcomes and deliver financial performance. End the fragmented black box of traditional billing. Gain a unified view of your entire revenue cycle. See how.

An AI that actually makes work easier. Candid Agents turn tedious manual retrieval processes into a simple, one-click workflow.  ❇️ Agents log into payer portals, hunt down the stale claim, and pull the EOB document into the platform. ❇️ Billers review EOB for accuracy, and in one click can post 1,000 claims ❇️ One-click to approve, and the Candid Agent handles the final payment posting. That’s the power of autonomous RCM.  ❇️ AI streamlines the process.  ❇️ Billing experts stay in the loop and in control, freed from rote, manual work. That’s not all we’re building with Candid Agents.

Managing the revenue cycle is one of the most challenging aspects of healthcare. Candid runs on rigor because this space demands nothing less. As we scaled, we knew we needed a CFO. But that person needed to meet that same standard. And it’s a really high bar. That’s why we couldn’t be happier to welcome Tingting Turski to the Candid Health team.  She brings deep experience building and applying ML and AI in high-stakes environments, along with an attention to detail and the strategic vision that operating in this space requires. Tingting, welcome to Candid.

You can’t fully command the power of your RCM without full visibility into your billing team's workflows. Candid changes that by giving RCM teams the operational insights that empower them to configure automation, drive better outcomes and deliver consistent financial performance. From tedious to touchless: Turn RCM clicks into powerful insights. 

"Everybody and their dog is coming out of nowhere with a brand new agentic this, an AI that, some of that stuff is extremely capable, it is very exciting, but none of that stuff is going to build you out of a hole if you don't have that foundational layer to go along with it." Candid’s own David Blanchard sat down with Ryan Downs, CPA, CHFP, CRCR on the latest episode of the “Vendor Voices” podcast to dig into what actually moves the needle for healthcare #RCM. From touchless claim rates to why the right data foundation has to come before the AI layer, if you're leading revenue cycle strategy right now, take a listen. https://lnkd.in/d-TxUhe5

As an RCM leader tasked with delivering high-level results, it can be challenging to maintain full visibility into how your team manages their time. Candid Health transforms your manual work processes into clear insights, and identifies where time and revenue are lost. It’s the solution RCM teams need to create truly autonomous revenue cycles. Solve problems at the root.