San Francisco-based Charta Health, which uses AI to automate billing and coding workflows, has secured $55 million in funding, bringing its total raise to $85 million.
Insight Partners led the round, with participation from existing investors Madrona, Bain Capital Ventures, and South Park Commons, alongside QuantumLight.
WHAT IT DOES
Charta Health offers a platform that uses AI to automate chart review. Its tools for providers include autonomous coding, payer compliance, risk adjustment, revenue discovery and automated feedback.
For payers, the company offers retrospective risk adjustment on coding projects, a smart coding platform, automated second-pass for coded charts, RADV and audit management, and HEDIS and quality analytics.
The funding coincides with the company's launch of Charta for Payers, which includes six AI products aimed at helping health plans improve accuracy and operational efficiencies around medical billing and workflow.
Charta Health will use the new funds to support its launch of Charta for Providers and help it expand its Charta for Payers offering to new specialties.
"Healthcare payments depend on the medical chart, and charting errors cause costly problems across the entire process," Jeff Horing, cofounder and managing director at Insight Partners, said in a statement.
"As payers and providers both adopt AI, we believe the opportunity lies in getting the underlying record, or the 'ground truth,' right before a claim is submitted. Charta pairs AI with customer-specific coding expertise and serves both sides of that market. We are excited to partner with Justin, Scott, and the team as they scale."
MARKET SNAPSHOT
Earlier this year, Charta Health announced an agreement with athenahealth to provide its offerings in the athenahealth Marketplace, the company's digital app store and integration ecosystem for healthcare providers who use its EHR, practice management and medical billing platforms.
Last year, Charta Health raised $22 million in Series A funding and $8.1 million in seed funding.
Other companies in the space include San Francisco-based Arintra, which offers an enterprise AI platform focused on healthcare revenue assurance.
Earlier this year, Arintra raised $25 million in Series B funding, bringing its total raise to $51 million. In 2025, Arintra raised $21 million in Series A funding.
AI revenue cycle management platform for healthcare providers Candid Health secured $120 million in Series D funding this year as well. The company said at the time the funding tripled its valuation from its February 2025 Series C round.
CodaMetrix is an AI medical coding company that picked up $40 million in funding in 2024, a year after raising $55 million in Series A funding.
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- Midstream Health raises $20M for autonomous AI financial platform
- Google Cloud partners with Conifer Health Solutions for AI revenue cycle management
- Commure raises $200M from General Catalyst for growth
Jessica Hagen is the executive editor of MobiHealthNews. Email: [email protected] MobiHealthNews is a HIMSS Media publication. Follow Jessica's digital health coverage on LinkedIn: Jessica Hagen
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