# Nym Health

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nym-health

- Industry: Software
- Headquarters: New York, US
- Website: www.nym.health
- Total disclosed funding: $23M
- Latest round: Series A (Oct 13, 2020)
- Investors on record: 5

## About

Nym Health Ltd., based in the US, is a software company that specializes in autonomous medical coding solutions aimed at enhancing operational efficiency for healthcare providers.Nym Health Ltd. was founded in 2018 in New York, US. The company provides solutions to improve medical coding operations for healthcare facilities. The founders, Adam Rimon and Amihai Neiderman, have a history of entrepreneurship. Nym has successfully completed four funding rounds, with the most recent being a GROWTH round in October 2024, where they raised USD 47.000 mn led by PSG Equity and including investors such as Addition, Dynamic Loop Capital, GV, and Samsung NEXT Ventures.Nym specializes in autonomous medical coding solutions designed to enhance operational efficiency and optimize financial performance for healthcare providers, including health systems, hospitals, and physician groups. The core offering, the autonomous medical coding engine, integrates into existing coding workflows, automating the initial coding of medical charts with high accuracy and minimal human intervention. This technology is supported by innovative Clinical Language Understanding (CLU) capabilities and a rules-based approach, achieving over 95 percent coding accuracy while producing transparent audit trails for every code assigned. Nym's solutions cater to a diverse clientele, including large health systems with significant emergency department visit volumes, enabling them to reduce administrative burdens and refocus on patient care. The company's products are primarily marketed within North America, addressing the needs of various healthcare entities across this region.Nym generates revenue through a subscription-based model, offering its autonomous medical coding engine as a service to healthcare organizations. Clients typically engage with Nym through multi-year contracts that provide ongoing access to the coding engine and associated support services. This financial structure allows healthcare providers to benefit from consistent updates and improvements to the software, ensuring compliance with the latest coding guidelines. While specific pricing plans for the services are not publicly disclosed, the subscription model includes tiers based on the scale of implementation and the volume of coding required, allowing for flexibility and scalability in line with the clients' operational needs.In October 2024, Nym Health Ltd. raised USD 47.000 mn in growth funding, which will be utilized to enhance its autonomous coding system. The company plans to develop new product features and expand into additional markets, with a focus on increasing its presence in North America and potentially exploring international opportunities in the healthcare sector.

## Funding rounds

- Series A, Oct 13, 2020, $17M — Bessemer Venture Partners, Tiger Global Management, GV, Lightspeed, Dynamic Loop Capital
- Seed, Jun 12, 2019, $6M — Bessemer Venture Partners

## Investors

- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Seed, Series A
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series A
- GV (https://capitalatlas.ai/funds/gv) — Series A
- Lightspeed — Series A
- Dynamic Loop Capital (https://capitalatlas.ai/funds/dynamic-loop-capital) — Series A