Charta Health Raises $22 Million to Expand AI-Powered Billing and Coding Platform

Charta Health Raises $22 Million to Advance AI-Driven Billing Automation

Charta Health has secured $22 million in Series A funding to accelerate growth in engineering and commercial teams, enhance product capabilities, and speed up integration with healthcare payers and providers. The funding round was led by Bain Capital Ventures, with contributions from SV Angel, South Park Commons, Madrona Venture Group, and Refract Ventures.

What Charta Health Does

Based in San Francisco, Charta Health offers an AI-powered platform that automates billing and coding workflows. Its technology reviews patient charts before submission, identifying missed codes to reduce administrative workload and prevent claim denials early in the process. This approach helps healthcare operations teams improve accuracy while minimizing disruptions to existing workflows.

The company plans to allocate the new funds to expand its engineering team and go-to-market workforce, accelerate product development, and facilitate faster enterprise integrations with payers and providers.

Justin Liu, cofounder and CEO of Charta Health, explained, “The complexity and fragmentation of healthcare infrastructure historically made it difficult to apply AI at scale. Now, we can layer advanced AI directly onto any electronic medical record system, surfacing real-time patient insights—clinical, financial, and operational—without overburdening clinicians.”

Market Context and Company Background

Earlier this year, Charta Health raised $8.1 million in seed funding. The company was founded by Justin Liu and Scott Morris, both former engineers at Rockset, a real-time search and data analytics platform acquired by OpenAI last year.

Charta Health’s solution addresses key pain points in healthcare operations by improving billing accuracy and reducing denials, which can significantly impact revenue cycles. Its AI-driven approach aligns with ongoing efforts across the industry to automate administrative tasks and improve operational efficiency.

• Funding: $22 million Series A led by Bain Capital Ventures
• Focus: Automating billing and coding workflows using AI
• Use of Funds: Team growth, product development, payer/provider integrations
• Founders: Justin Liu and Scott Morris (ex-Rockset engineers)

For healthcare operations professionals interested in AI and automation, exploring training resources can help stay ahead of these advancements. Courses on AI tools and automation in healthcare processes are available at Complete AI Training.