PrecisionGx, Inc.
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PrecisionGx, Inc. - overview
Established
2015
Location
Philadelphia, PA, US
Primary Industry
Software
About
Founded in 2015 and based in Pennsylvania, US, PrecisionGx, Inc. , operates as an auditing company that helps health insurance companies recover and identify inaccurate healthcare payments and associated costs. In June 2022, PrecisionGx, Inc. raised Series A funding led by investor FCA Venture Partners, with participation from investor Commerce Ventures.
The company offers an artificial intelligence-based platform used to automate health insurance claims processing, auditing, and recovery. The company’s platform, AstriaChat, automates data mining and finds model and document patterns; provides clinical audit support to automate medical record requests; automates itemized bill reviews; automates identification and validation of members; automates claims processing and adjudication workflows; and many more. The company plans to use the June 2022 funding to accelerate customer acquisition and expand existing implementations while adding and retaining key healthcare and data science talent.
Current Investors
Commerce Ventures, FCA Venture Partners
Primary Industry
Software
Sub Industries
Accounting/Finance Software, Monitoring & Security Software
Website
www.precision-gx.com
Verticals
Artificial Intelligence, InsureTech
Company Stage
Series A
Total Amount Raised
Subscriber access only
PrecisionGx, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | PrecisionGx, Inc. | - |
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