RapidClaims raises $11 Mn led by Accel

RapidClaims, a brand that helps hospitals and doctors get paid faster, has raised $11 million to grow its business. The funding includes $8 million in a new round led by Accel and $3 million from earlier investors like Together Fund and top names in healthcare.

The proceeds will be used to hire more people and make its product better. 

RapidClaims uses artificial intelligence (AI) to prevent billing mistakes that often lead to payment delays. Its tools help medical staff code procedures correctly, fix missing information, and catch errors before sending bills to insurance companies. This helps hospitals avoid claim denials and save money, cutting costs by up to 70%.

The platform already works across 25 medical specialties and connects easily with over 15 hospital record systems. According to the company, it’s quick to set up, with most hospitals starting in just a few weeks. Unlike older systems that need lots of data, RapidClaims can customize quickly using just a few examples.

Accel recently launched two $650 million funds—one focused on early-stage startups in India and Southeast Asia and another targeting AI and cybersecurity ventures in Europe and Israel. Its recent investments include Spinny, ApnaMart, Nabhdrishti, BPR Hub, and Sarla Aviation.