Procode Raised $10M After Publishing Peer-Reviewed Data Showing Its Coder Beats Human Auditors 86.7% to 42.5%

Fierce Healthcare (corroborated by HIT Consultant and PR Newswire)·medium signalXBlueskyLinkedInCopy link

Procode, founded in 2024, announced a $10 million Series A led by Health Velocity Capital on July 28, bringing total funding to $14 million and coverage to 350-plus plastic surgery and dermatology providers via its acquisition of The Auctus Group. The differentiator is unusually concrete for this category: a comparative retrospective study in PRS Global Open reporting 86.7% overall CPT coding accuracy against 42.5% for human auditors and lower scores for general-purpose LLMs from OpenAI, Google and Anthropic. That is a vertical SaaS company publishing a peer-reviewed benchmark against both humans and frontier models, and using acquisitions rather than seats to grow.