PrecisionGx raises Series A financing

Philadelphia-based PrecisionGx (a team of ~16) has closed a Series A financing round led by FCA Venture Partners with participation from Commerce Ventures.

Founded in 2015, PrecisionGx’s AI-enabled claims audit technology creates automated claims intelligence that can find more recoveries and be deployed earlier in payment workflows, including in pre-pay and pre-adjudication positions, to prevent overpayments before they happen. Early customers include some of the largest health insurance and pharmaceutical companies in the U.S.

“PrecisionGX’s technology can significantly reduce costs associated with inaccurate healthcare payments. We are very excited about this innovative technology and look forward to working with Kasey and his team to scale the business.” – John Burch, Managing Partner at FCA Venture Partners.