RapidClaims
Category: AI in Healthcare
An AI-powered revenue cycle management (RCM) platform that uses autonomous agents to automate medical coding, reduce claim denials, and accelerate reimbursements for healthcare providers. RapidClaims was founded in 2023. The company is led by Dushyant Mishra. Based in New York, USA. Team size: 11-50. Total funding raised: $11.1M. Latest round: Series A ($8.0M, Apr 2025). Key investors include Accel, Together Fund, Better Capital, Day Zero Ventures.
- Founded
- 2023
- Headquarters
- New York, USA
- Team size
- 11-50
- Total funding
- $11.1M
Value proposition
Reduces the $250B annual problem of denied medical claims by automating complex coding workflows with 99% accuracy, improving financial efficiency without disrupting clinical workflows.
Products and solutions
RapidCode™ (Autonomous medical coding for ICD-10, CPT, and HCPCS), RapidScrub™ (AI-powered claim scrubbing to resolve errors before submission), RapidCDI™ (Clinical Documentation Improvement to ensure billing compliance), RapidAudit (Automated auditing and compliance monitoring), AI Medical Coding Assistant (EHR-integrated assistant for real-time coding support)
Unique value
Utilizes specialized 'autonomous AI agents' capable of reasoning through unstructured clinical notes and complex medical charts, moving beyond traditional rule-based automation to handle high-complexity coding tasks.
Target customer
US healthcare providers, including hospitals, large health systems, multi-specialty physician groups, and medical billing companies.
Industries served
Healthcare, HealthTech, Medical Billing & Coding, Fintech (Healthcare Payments)
Technology advantage
Proprietary LLM-based architecture specifically fine-tuned for medical taxonomies, featuring seamless integration with 15+ major Electronic Health Record (EHR) systems like Epic and Cerner.
How they differentiate
Utilizes a multi-agent AI architecture designed to reason through unstructured clinical notes and complex medical charts, achieving 99% accuracy compared to traditional rule-based or single-model automation.
Main competitors
Fathom, Nym Health, CodaMetrix, AKASA
Key partnerships
Accel (Lead Series A Investor), Together Fund (Incubator and Seed Investor), Day Zero Ventures, Major EHR Providers (Integration partners including Epic and Cerner)
Notable customers
US Health Systems, Multi-specialty Physician Groups, Medical Billing Companies
Major milestones
Incubated within Together Fund in 2023, Raised $3.1M Seed round in March 2024, Launched core product suite including RapidCode™ and RapidScrub™, Raised $8M Series A led by Accel in April 2025
Growth metrics
Integrated with 15+ major Electronic Health Record (EHR) systems including Epic and Cerner; claims 99% coding accuracy.
Market positioning
Specialized AI-first challenger in the Revenue Cycle Management (RCM) space, targeting high-complexity medical coding and denial prevention.
Geographic focus
United States (specifically focused on the US healthcare billing and insurance ecosystem)
Patents and IP
No registered patents disclosed; holds trademarks for core product suite (RapidCode™, RapidScrub™, RapidCDI™).
About Dushyant Mishra
Dushyant Mishra is the Founder and CEO of RapidClaims. He has over a decade of experience in healthcare operations and venture capital. Prior to founding RapidClaims, he was a Venture Partner at Together Fund, where he focused on early-stage SaaS investments and incubated the company. He previously spent over five years at Abbott Healthcare, rising to Associate Director of Commercial Operations, where he managed large-scale healthcare portfolios. He holds a Dual Degree (B.Tech and M.Tech) from the Indian Institute of Technology (IIT), Kharagpur.
Official website: https://www.rapidclaims.ai