# Maverick Medical AI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/maverick-medical-ai

- Industry: Healthcare IT
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.maverick-med.com
- Total disclosed funding: $5M
- Latest round: Seed (Mar 7, 2022)
- Investors on record: 2

## About

Maverick Medical AI develops advanced autonomous medical coding solutions that enhance billing efficiency for healthcare providers through innovative AI technologies.Founded in 2018 by Michael Brozino and Yossi Shahak, Maverick Medical AI is based in Tel Aviv-Yafo, Israel. The company specializes in autonomous medical coding solutions and has successfully raised USD 5.00 mn in Seed funding on March 7, 2022, with contributions from Firstime Ventures and LionBird. Maverick Medical AI has completed a total of 3 funding deals to date, all focused on expanding its innovative offerings in the healthcare sector.Maverick Medical AI specializes in autonomous medical coding solutions, primarily through its flagship products, the Maverick CodePilot™ and the mCoder™ Platform. These offerings leverage advanced deep learning algorithms to facilitate real-time medical coding directly at the point of care, aiming to improve billing processes for healthcare providers. The CodePilot™ utilizes synthetic data generation to achieve a Direct-to-Bill rate exceeding 85%, thereby minimizing reliance on human coders while maintaining a 97% accuracy rate. The mCoder™ Platform focuses on enhancing revenue cycle management by providing rapid reimbursement code resolutions and adaptable coding solutions tailored to specific site and state requirements. These products serve a diverse client base, including hospitals, clinics, and other healthcare facilities across North America and Europe, addressing challenges in coding accuracy, efficiency, and compliance with evolving regulatory standards.Maverick Medical AI generates revenue primarily through its subscription-based model for the Maverick CodePilot™ and the mCoder™ Platform. Healthcare providers engage with Maverick's services by subscribing to these platforms, which allows them to integrate autonomous coding capabilities into their existing systems. The transaction structure is characterized by direct business-to-business (B2B) relationships, where healthcare organizations pay for access to these advanced AI tools that streamline their coding and billing processes. Pricing plans for these services are structured to accommodate various organizational sizes and needs, ensuring broad accessibility while aligning with the value provided through enhanced operational efficiency and accuracy. This business model positions Maverick Medical AI as a pivotal player in revolutionizing revenue cycle management within the healthcare sector.In March 2022, Maverick Medical AI raised USD 5.00 mn in Seed funding, co-led by LionBird and Firstime Ventures, to expand operations and its business reach. The company plans to leverage these funds to enhance its product offerings and expand into new markets, specifically targeting additional regions in North America and Europe by the end of 2023. Upcoming product enhancements and additional features for the Maverick CodePilot™ and the mCoder™ Platform are in development, aimed at further improving coding accuracy and operational efficiency in healthcare billing.

## Funding rounds

- Seed, Mar 7, 2022, $5M — LionBird, Firstime

## Investors

- LionBird (https://capitalatlas.ai/funds/lionbird) — Seed
- Firstime (https://capitalatlas.ai/funds/firstime) — Seed