Nym
Natural Language Understanding for Automated Healthcare Coding
Startup B Health Tech & Life Sciences Est. 2017
Total Raised
$94.5M
B
Last Round
$47M
4 rounds
Investors
13
13 public
Team
2
201-500 employees
Confidence
100/100
News
12
articles
About
Nym Health is developing an automated coding system based on natural language understanding (NLU). Nyms NLU engine understands the logical relationships between different linguistic components in text, creating a model that captures the true narrative of each patient report. The system automatically assigns the relevant codes (e.g. ICD-10-CM, CPT, etc.) at each step, either validating that the narrative is fully understood or redirecting the record back to a human coder for review. The Nym engine is also able to flag charts that it does not understand rather than risk the introduction of errors. For charts that have been coded, Nyms audit-trail view provides a clear explanation of the reasoning behind the decision to assign a specific code. This allows for a quick understanding of the audit trail for validation, compliance, and appeals basis. The company is working to enable fully automated, efficient, and transparent revenue-cycle management for healthcare providers. It has started with coding, with the goal of eventually leveraging clinical language understanding and enabling new ways of processing clinical data.
Classification
Sector
Health Tech & Life SciencesDigital HealthcareClinical Workflow
Core Technology
Artificial IntelligenceNatural Language Processing
Target Customer
Healthcare & Life SciencesHealthcareLaboratoriesInsurance CompaniesProviders
Business Model
B2B
Tags
medical-dataartificial-intelligenceemrclinical-datanatural-language-processinginsurance-companiesdigital-healthcarehealthcare-providersactionable-insightshospitalsmachine-learningautomationclinical-workflowsoftware-developmentclinical-trials
Funding & Events
Oct 2024
Undisclosed Round $47M
Addition, Samsung Next TLV, Dynamic Loop Capital, PSG, Google Ventures
Oct 2020
A Round $16.5M
GV (Lead), Bessemer Venture Partners, Samsung Next TLV, Dynamic Loop Capital, Lightspeed Venture Partners
Jun 2019
Seed $6M
Bessemer Venture Partners (Lead), Dynamic Loop Capital, Elliptic Ventures, Kli Capital
Jul 2021
B Round $25M
Addition (Lead), GV, Lightspeed Venture Partners, Nat Turner, Zach Weinberg, Tiger Global Management, Bessemer Venture Partners, Dynamic Loop Capital
News (12)
Oct 1, 2024 · www.calcalistech.com
growth-positive
The Israeli startup has developed an engine that integrates with hospitals' and clinics' data systems in the U.S., analyzing patient medical records to facilitate communication with insurance companies.
InvestmentExpand
Oct 1, 2024 · en.globes.co.il
growth-positive
Israeli medical coding solutions co Nym raises $47m
Investment
Oct 1, 2024 · en.globes.co.il
growth-positive
Nym has automated the entire US healthcare medical coding process to deliver a faster, more cost-effective solution that outperforms traditional manual coding.
Investment
growth-positive
Ochsner Health taps medical coding partner
Customers
Nov 25, 2021 · www.calcalistech.com
growth-positive
Nym Health takes on hospital billing with automated AI tools
Customers
Oct 21, 2021 · www.geektime.co.il
growth-positive
"לרוב המשקיעים לא סיפרתי מה אנחנו עושים בתור חברה, מספיק שאני מספר מה הבעיה"
Investment
Jul 27, 2021 · www.calcalistech.com
growth-positive
Medtech startup Nym Health raises $25 million
CustomersInvestment
Dec 9, 2020 · www.prnewswire.com
growth-positive
Nym ranked among Top 10 Most Promising Startups of 2020
Investment
Nov 18, 2020 · www.prnewswire.com
growth-positive
Geisinger Partners with Nym Health to Launch Autonomous Coding Technology
PartnersCustomers
Oct 13, 2020 · techcrunch.com
growth-positive
Nym Health raises $16.5 million for its auditable machine learning tools for automating hospital billing
InvestmentExpand
Jun 25, 2019 · www.prweb.com
growth-positive
QueueLogix, a HealthChannels company, Announces Partnership with Nym Health to Deploy Autonomous Medical Coding Solutions
Partners
Jun 13, 2019 · en.globes.co.il
growth-positive
Israeli medical coding co Nym raises $6m
Investment
Details
Product Stage
Released
Employees
201-500
Exact Count
274
District
Center District
Founded
2017
Registrar
515795466
Crunchbase
nymhealth-tel-aviv-israel
Locations
Saadia Gaon Street 24, Tel Aviv-Yafo, Israel
45 Bond St, New York, NY, USA
Links
Website
LinkedIn
Twitter
Facebook
Careers
Admin
Last Update
Jan 5, 2025
Verified by
Yanina Wainscheinker
Claimed
Yes
Missing
markets
Team (2)
Amihai Neiderman
Co-founder & CEO
Founder
Adam Rimon
Co-founder & CTO
Founder