Procode AI

Procode AI, based in the US, specializes in advanced AI-powered medical billing and coding solutions, aiming to improve accuracy and efficiency within the healthcare billing process. Founded in 2024 in Los Angeles, US, Procode AI focuses on automating medical billing through its AI Coding Copilot. The company has successfully secured USD 4. 00 mn in Seed funding as its total amount raised.

The latest funding round was led by Story Ventures and included participation from CHAP Health Ventures and Progression. Procode AI has completed one deal to date, with the most recent occurring on March 2, 2026. Procode AI specializes in providing advanced AI-powered medical billing and coding solutions, primarily through their flagship product, the AI Coding Copilot. This tool integrates directly with Electronic Health Record (EHR) systems to automate the charge submission process, which includes pulling patient records, coding them according to CPT and diagnosis guidelines, entering charges, and scrubbing for human review prior to submission.

The AI Coding Copilot serves a diverse client base, including small to medium-sized medical billing companies and healthcare providers across various surgical specialties such as orthopedics, dermatology, and neurosurgery. By focusing on complex procedural and surgical cases, Procode AI aims to enhance billing accuracy and efficiency, ultimately reducing the number of coding-related denials and outstanding accounts receivable (AR) days. The company's products are marketed primarily in the United States, targeting healthcare providers looking to streamline their billing processes and improve cash flow. Procode AI generates revenue through partnerships and direct business-to-business (B2B) transactions with medical billing companies and healthcare providers.

The revenue structure revolves around subscription models for access to the AI Coding Copilot, enabling clients to utilize the software for coding and billing automation. This model allows clients to enhance operational capacity by coding thousands of claims per day, translating to increased revenue for their practices. The emphasis on specialized services in procedural coding positions Procode AI as a valuable partner in optimizing revenue cycle management, with clients benefiting from improved coding accuracy and reduced rework. In March 2026, Procode AI raised USD 4.

00 mn in Seed funding led by Story Ventures, with participation from CHAP Health Ventures and Progression. The company plans to use this funding to support its growth and further expansion initiatives. Procode AI aims to design and launch new products that enhance its service offerings, and it is exploring opportunities to expand into new geographic markets.