The company will use the investment to further develop and market both its network of certified medical coders and its software-as-a-service (SaaS) platform to meet the growing demand for solutions that facilitate medical coding and auditing for medical groups, facilities and surgical centers. Aviacode’s offerings are particularly beneficial as the healthcare sector moves to the International Classification of Diseases, Revision 10 (ICD-10) coding system
‘The dramatic change to ICD-10, with more than 100,000 new medical codes, has proved cumbersome for many physicians and other medical professionals as they try to meet the imminent deadlines,’ said Lane Monson, CEO of Aviacode. ‘This capital, combined with the strategic support from Frontier, gives us the additional resources we need to expand these much-needed solutions quickly and strategically so that our clients can focus on what is really important, namely their patients. ”
Aviacode has created a proprietary SaaS-based workflow platform to increase the productivity of the internal medical coding team of the organization. Aviacode also uses this platform for customers who choose to outsource their medical code. The platform helps these medical coders to translate clinical documentation correctly and consistently into billing codes. This reduces compliance risk while providing efficiency and accuracy that result in maximum revenue and enhanced cash flow for healthcare providers.
‘Aviacode is a perfect example of the type of company that Frontier Capital is investing in: a high-growth software-as-a-service platform with a strong leadership team in a large and growing industry,’ Frontier Capital Director Scott Hoch wrote in a statement released today.
Located in Charlotte, N Uh, C Frontier Capital is a growth equity firm focused solely on software and technology-enabled business services companies. The firm provides capital and strategic direction to its portfolio companies in fast-growing industries such as healthcare, human capital management and IT services.
About the Avicode
Aviacode is a leader in technology-enabled medical coding services. Its proprietary technology and workflow improves the accuracy and efficiency of medical coding, improves efficiency, increases revenue, increases cash flow, and reduces risk for hospital and medical groups. Visit www for more information. Avicode Come on,
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