Adonis, a healthcare revenue cycle intelligence and automation company, raised $31 million in Series B funding, bringing their total raise to $54 million. They use machine learning and artificial intelligence to streamline revenue workflows for healthcare organizations. The funds will be used to expand their workforce, speed up product innovation, and continue growing in the health system space. Other companies in the revenue cycle management market include Sift Healthcare and CodaMetrix. Change Healthcare, a subsidiary of UnitedHealth Group, experienced a ransomware attack in February, leading to a significant increase in ransomware attacks across the healthcare sector. CIO Connect, a HIMSS Professional Development program, is accepting applications through June 2024.
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AI-enabled revenue cycle management company Adonis raises $31M
