Nym, a pioneer in autonomous medical coding, has announced a $47 million growth investment led by PSG, with participation from Google Ventures, Addition, Samsung Next, and Dynamic Loop Capital. This funding aims to expand Nym’s AI-driven coding engine and further simplify healthcare administration in the U.S.
Medical coding, a critical yet time-consuming task for securing insurance reimbursements, is often plagued by errors, backlogs, and delayed payments due to its manual nature. Nym’s AI-based coding engine automates this process by accurately assigning medical codes from patient charts in seconds, helping healthcare providers streamline their operations. With over six million charts processed annually, Nym’s system has demonstrated improved coding accuracy exceeding 95%, reduced coding costs by up to 35%, and decreased claims denial rates by 50%.
Nym’s autonomous coding supports various specialties, including emergency medicine, radiology, and outpatient surgery, and has earned recognition for integration standards in Epic’s Showroom. The company’s mission to reduce administrative burdens allows providers to focus on patient care while improving financial and operational efficiency.
Nym’s CEO, Or Peles, emphasized the company’s commitment to transforming healthcare operations with AI, stating, “We’re excited about our momentum and look forward to leveraging PSG’s experience in scaling healthtech.”
With this investment, Nym is poised to continue leading the healthcare industry’s transition to autonomous medical coding, offering a scalable solution that improves both compliance and revenue management for healthcare providers across the U.S.
