XpertDox, an AI-first healthcare technology company, has raised $20 million in Series A funding led by Savant Growth, with participation from investment partner Kennet Partners. The funding will help the company expand its AI-powered medical coding platform, strengthen its technology capabilities, and accelerate adoption among healthcare providers across the United States.
The latest investment marks a significant milestone for XpertDox as demand grows for artificial intelligence solutions that can streamline healthcare administration, improve billing accuracy, and optimize revenue cycle management.
Founded in 2015, XpertDox develops AI-driven solutions that automate medical coding by converting clinical documentation from Electronic Health Records (EHRs) into accurate and compliant medical codes. Its flagship platform, XpertCoding, aims to reduce administrative workloads for healthcare providers while helping them improve reimbursement and minimize claim denials.
XpertCoding Automates More Than 91% of Medical Coding Claims
XpertDox’s flagship product, XpertCoding, is designed to address one of the healthcare industry’s persistent operational challenges: manual medical coding.
The platform automatically processes more than 91% of incoming claims without requiring manual intervention. It typically returns coded claims in less than 24 hours, while maintaining coding-related denial rates below 2%.
By automating routine coding activities, XpertCoding helps healthcare organizations improve billing accuracy, capture revenue more effectively, reduce claim denials, and accelerate payment cycles.
The platform also identifies gaps in clinical documentation, allowing healthcare providers to improve the quality and completeness of their medical records over time.
Unlike solutions that primarily rely on general-purpose large language models, XpertCoding uses proprietary artificial intelligence developed by physician-scientists. Its technology combines neural networks, ensemble machine learning, Symbolic AI, and payer-specific rules to support accurate and compliant medical coding across multiple specialties.
XpertDox Reports 126% Net Revenue Retention and 95% Customer Retention
The funding announcement comes amid strong business momentum for the healthcare AI startup.
Over the past 12 months, XpertDox has doubled its revenue, demonstrating growing demand for automated medical coding solutions. The company has also reported:
- 126% Net Revenue Retention (NRR): Reflecting expansion in business from existing customers.
- 95% Customer Retention: Highlighting strong customer loyalty.
- 40+ Healthcare Organizations: Currently relying on XpertCoding.
- Millions of Claims: Processed annually through its platform.
XpertDox is now expanding its operational capacity to support tens of millions of claims as it prepares to serve a significantly larger customer base.
Lone Star Circle of Care Reduces Manual Coding Effort by 94%
One of XpertDox’s notable customer success stories comes from Lone Star Circle of Care, a healthcare organization serving communities through accessible and affordable medical services.
According to Lindsey Tippit, Chief Operations Officer of Lone Star Circle of Care, implementing XpertCoding has delivered measurable operational improvements.
The organization reported:
- 94% reduction in manual effort
- 10% improvement in charge capture
- Less than 24 hours in average claims processing time
These improvements have helped streamline revenue cycle operations and enabled the organization to dedicate more resources to delivering accessible healthcare services.
XpertDox has emerged as a significant technology partner for Federally Qualified Health Centers (FQHCs), which often operate with limited financial resources while providing essential healthcare services.
The company currently serves seven FQHCs across six US states, with additional health centers expected to adopt the platform.
How XpertDox Plans to Use Its $20 Million Funding
XpertDox intends to deploy its newly raised capital across several strategic priorities.
1. Expanding Customer Onboarding
The company plans to increase its onboarding capacity to help healthcare organizations integrate XpertCoding more quickly and efficiently.
2. Strengthening AI and Medical Coding Capabilities
XpertDox will continue expanding its specialty-specific coding capabilities, improving the platform’s ability to handle diverse clinical documentation and payer requirements.
3. Growing Engineering and Customer Teams
The company plans to strengthen its engineering and customer support teams to accommodate increasing demand and maintain service quality.
4. Expanding Its Business Intelligence Platform
Another key investment area is the company’s business intelligence platform, which is already used by several XpertCoding customers.
New dashboards and workflows will help healthcare organizations monitor financial performance, improve service quality, and develop value-based care programs.
The company is also investing in AI-driven internal workflows to make its operations more scalable as its customer base expands.
Leadership and Investors Highlight the Growing Role of AI in Healthcare
Commenting on the investment, Dr. Sameer Ather, Co-founder and CEO of XpertDox, emphasized the importance of accurate and reliable medical coding for healthcare organizations.
He highlighted the particular significance of the technology for community health centers, which often provide primary care, behavioral health, dental, and women’s health services while operating under tight financial constraints.
According to Ather, the investment will help XpertDox bring its technology to more healthcare organizations, accelerate implementation, and continuously improve customer outcomes.
Bhupesh Panwar, MD, Co-founder, President, and COO of XpertDox, said the company is building data infrastructure and AI-powered internal workflows to support its next phase of growth.
Javier Rojas, Co-Founder and Managing Partner of Savant Growth, also highlighted XpertDox’s customer retention and measurable improvements in coding accuracy, billing, and denial reduction.
As part of the investment, Javier Rojas has joined XpertDox’s Board of Directors.
The Growing Opportunity for AI in Healthcare Revenue Cycle Management
Medical coding plays a critical role in healthcare administration. Every patient encounter must be translated into standardized medical codes that support billing, reimbursement, compliance, and healthcare data management.
However, manual coding processes can be time-consuming and resource-intensive, particularly for organizations managing large volumes of patient records.
AI-powered medical coding platforms such as XpertCoding aim to address these challenges by automating repetitive tasks and improving consistency across the revenue cycle.
Beyond billing automation, structured clinical data can also become an important foundation for healthcare analytics, operational improvements, and future AI-driven clinical and administrative workflows.
With its latest $20 million funding round, XpertDox is positioning itself to capitalize on this opportunity and expand its presence in the growing healthcare AI market.
About XpertDox
Founded in 2015 by physician entrepreneurs Dr. Sameer Ather and Dr. Bhupesh Panwar, XpertDox is an AI-first healthcare technology company headquartered in Scottsdale, Arizona.
The company develops AI-powered medical coding and business intelligence solutions that help healthcare organizations improve coding accuracy, streamline billing operations, and receive appropriate reimbursement for the care they deliver.
Its flagship product, XpertCoding, automates medical coding across multiple specialties and integrates with leading Electronic Health Record platforms, including eClinicalWorks, athenahealth, Epic, and NextGen.
For more information, visit www.xpertdox.com.
About Savant Growth
Savant Growth is a private equity firm focused on investing in founder-led, bootstrapped businesses operating in applied artificial intelligence and technology-enabled services.
The firm focuses on businesses that combine software, data, predictive analytics, and AI to automate workflows and transform traditional industries.
For more information, visit www.savantgrowth.com.