XpertDox has raised $20 million in Series A funding to expand its artificial intelligence-powered medical coding platform for healthcare providers. Savant Growth led the round with funding from investment partner Kennet Partners.
The Scottsdale, Arizona-based company developed XpertCoding to convert clinical documentation in electronic health records into coded data for billing and reimbursement. The platform handles more than 91% of the claims it receives without manual intervention, processes claims in less than 24 hours, and maintains a coding-related denial rate below 2%.
Rather than relying exclusively on general-purpose language models, XpertCoding combines proprietary neural networks and ensemble machine-learning models with symbolic AI, payer rules, and technology developed by physician-scientists. The platform also identifies documentation gaps that providers can address to improve future clinical records and coding accuracy.
XpertDox doubled its revenue during the past 12 months while producing 126% net revenue retention and 95% customer retention. More than 40 healthcare organizations use its technology, including seven Federally Qualified Health Centers across six states. The company processes millions of claims annually and is expanding its capacity to support tens of millions.
The new capital will help XpertDox increase its onboarding capacity, add support for more medical specialties, and expand its engineering and customer teams. It also plans to enhance its business intelligence platform with dashboards and workflows focused on financial performance, service quality, and value-based care.
Lone Star Circle of Care reported that XpertCoding reduced its manual coding workload by 94%, increased charge capture by 10%, and brought average claims-processing time below 24 hours. XpertDox is positioning these capabilities as particularly valuable for community health centers, which frequently provide multiple forms of care while operating with limited financial resources.
Savant Growth co-founder Javier Rojas joined XpertDox’s board of directors as part of the investment.
KEY QUOTES
“Healthcare organizations need coding that is accurate, fast and defensible, and they need it today. XpertCoding delivers that by turning clinical documentation into reliable, consistent data. Nowhere does that matter more than in community health centers, which deliver primary care, behavioral health, dental and women’s health under one roof on the thinnest margins in American medicine. This investment helps us bring XpertCoding to more of those organizations, gets them live faster, and keeps improving the results they see.”
Sameer Ather, MD, PhD, Co-Founder and Chief Executive Officer of XpertDox
“Growing this fast means our own operations have to run the way our coding does, without a human in the loop. We are building the data foundation and the AI-driven internal workflows that let the next hundred customers cost us less to serve than the first forty.”
Bhupesh Panwar, MD, Co-Founder, President, and Chief Operating Officer of XpertDox
“XpertDox’s customers stay and expand because the product delivers where it counts: more accurate coding, higher billing and fewer denials. Just as important, XpertDox gives healthcare organizations a consistent, well-documented data layer from the EHR. That’s the foundation for process improvement and, increasingly, for AI-driven workflows. We’re excited to back Sameer, Bhupesh and the team.”
Javier Rojas, Co-Founder and Managing Partner of Savant Growth
“XpertCoding has helped us reduce manual effort by 94%, improve charge capture by 10%, and realize an average claims processing time under 24 hours. For an FQHC, these improvements translate to a more efficient revenue cycle and greater capacity to support our mission of delivering exceptional and accessible care to the communities we serve.”
Lindsey Tippit, Chief Operations Officer of Lone Star Circle of Care
