Inflect Health Invests in Medical Coding Startup Fathom

At Inflect Health we pride ourselves on finding healthtech diamonds in the rough that will transform the patient healthcare experience from top to bottom. The need for disruptive healthtech spans more than just personalized and remote care however; it also includes healthcare efficiency as well.

Historically medical coding, the process of turning a clinician’s handwritten notes into alphanumeric codes that represent every diagnosis and procedure, is a painstaking and costly process.

Enter Fathom, an Artificial Intelligence startup developing deep learning tools to automate medical coding with increasing accuracy. Inflect Health parent company Vituity initially partnered with Fathom to improve their revenue cycle management after determining how useful this revolutionary technology could be in its network of clinics across the nation. Soon afterward, financial backing from Inflect Health was a clear choice. We’re thrilled that our investment will support Fathom’s mission “to automate away the $500B spent annually on administrative costs in the US healthcare system.”

“We believe Fathom will be instrumental in improving the clinic process and by extension, the overall patient experience,” says Inflect President Andrew Smith. “We’ve only just scratched the surface of the use of artificial intelligence in the clinical setting.”

AI that can reduce medical chart coding turnaround from 2+ days or more to mere minutes or even seconds gets the blood pumping at Inflect, where improving healthcare is our mantra. In addition to lowering providers’ administrative costs, Fathom’s ability to quickly and accurately analyze medical charts and appointment records at scale, say millions per day, can be a huge aid to physicians in many other ways such as diagnosing and treating patients with more efficiency. We envision Fathom to ultimately be a company that supports our mission to radically improve healthcare this decade.