AI-enabled revenue cycle management company Adonis raises $31M

The article discusses Adonis, a healthcare revenue cycle intelligence and automation company, securing $31 million in Series B funding, bringing its total raise to $54 million. Point72 Private Investments led the round with participation from new investor Kin Ventures and existing investors General Catalyst, Max Ventures, and Bling Capital. Adonis utilizes machine learning and artificial intelligence for pattern recognition and anomaly detection to streamline revenue workflows in healthcare organizations.

Highlights:
1. Adonis secures $31 million in Series B funding, totaling $54 million, led by Point72 Private Investments.
2. The company provides revenue cycle technology to healthcare organizations using AI for pattern recognition and anomaly detection.
3. The funds will be used to expand the workforce in New York, accelerate product innovation, and grow in the health system space.

Summary:
Adonis, a healthcare revenue cycle intelligence and automation company, received $31 million in Series B funding, bringing its total raise to $54 million. The funding round was led by Point72 Private Investments and included participation from new and existing investors. Adonis utilizes machine learning and artificial intelligence to streamline revenue workflows in healthcare organizations and plans to use the funds to expand its workforce, enhance product innovation, and grow further in the health system space.

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