FOR IMMEDIATE RELEASE
Codoxo Recognized as One of the City’s Fastest Growing Companies by Atlanta Pacesetter Awards
Healthcare AI innovator recognized for rapid company growth, making the 2022 list of fastest growing private companies in Atlanta
ATLANTA (April 28, 2022) – Codoxo, a trusted provider of healthcare artificial intelligence solutions for healthcare payers and agencies, today announced it has been named a 2022 Pacesetter by the Atlanta Business Chronicle. The annual Pacesetter list of Atlanta’s fastest-growing companies takes a comprehensive look at private business growth within the Atlanta metro area. Qualifying companies are ranked by a weighted growth index formula, factoring both employee growth and revenue growth, to create a level playing field among businesses of various sizes.
Codoxo accomplished significant growth throughout 2021 with momentum expected to continue throughout 2022. Codoxo revenues more than doubled last year and the company ended 2021 with a $20 million Series B funding led by QED Investors and participation by Sands Capital among others. In addition to revenue growth, Codoxo increased client “go-lives” by 60 percent in 2021 with deployments covering the gamut of Codoxo’s Healthcare Integrity Suite offerings.
“We are incredibly proud to be based in a hotbed of tech growth like Atlanta,” stated Musheer Ahmed, Codoxo’s Chief Executive Officer. “The technology and talent community we’ve found in Atlanta is exceptionally collaborative and supportive for fast-growth companies like Codoxo. We are focused on disrupting the healthcare industry with our artificial intelligence solutions just as the Atlanta tech community is disrupting the national technology scene. It truly is a perfect match.”
To find out more about Codoxo, its Healthcare Integrity Suite of solutions and its Forensic AI Platform, please visit https://www.codoxo.com/the-codoxo-difference/.
Codoxo’s mission is to make healthcare more affordable and effective for everyone and serves as the premier provider of artificial intelligence-driven solutions and services that help healthcare companies and agencies proactively detect and reduce risks from fraud, waste, and abuse. The Codoxo Healthcare Integrity Suite helps clients manage costs and improve collaboration across payment integrity, special investigation units, provider coding and billing, network management and clinical care teams. Our software-as-a-service applications are built on our proven Forensic AI Platform, which uses a patented AI-based technology to identify problems and suspicious behavior faster and earlier than other AI and rules-based techniques. Our solutions are HIPAA- compliant and operate in a HITRUST-certified environment. For additional information, visit www.codoxo.com.
About 2022 Pacesetter Awards
To qualify, your company must be privately held; based in the 20-county metro Atlanta area and not a subsidiary of another company; established first quarter 2019 or earlier (to judge a two-year growth); has experienced a two-year growth in sales of more than 50%; and 2021 revenues between $1 million and $300 million.
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