#USA #Los Angeles #Procode AI #The Auctus Group #Coding Copilot

Procode AI Launches Revolutionizing Revenue Cycle Management for Surgeons

On March 2, 2026, Procode Inc. made a significant impact by launching with a robust funding of $4 million, in addition to acquiring The Auctus Group, a preeminent billing specialist for plastic surgeons and a top-tier entity in dermatology billing across the United States. The company was founded in 2024 by a dynamic trio: Jeff Cripe, Dr. Kameron Rezzadeh, and James Baez-Silva, who are set on streamlining revenue cycle management (RCM) through advanced AI technologies.

This launch was backed by investment firm Story Ventures, with additional contributions from CHAP Health Ventures, Progression Fund, and Dmitry Shevelenko, the Chief Business Officer of Perplexity.

A Vision for Surgeons

Procode AI aims to craft the leading AI-driven revenue cycle management platform tailored specifically for private practice surgeons. Jeff Cripe, Co-Founder, expresses the personal stake in this mission, underscoring the importance of building a system that meets the unique needs of healthcare providers. He emphasizes the advantage of collaborating with The Auctus Group, a firm driven by technological advancements and a commitment to improve billing processes.

One of the flagship innovations from Procode AI is the 'Auctus Provider App,' available on major app stores. This application empowers providers with real-time financial and claims data, streamlining the reimbursement process and enhancing operational efficiency.

Transforming Billing Processes

Procode AI's proprietary 'Coding Copilot' technology significantly boosts the speed and accuracy of medical coding, achieving a remarkable 90% improvement. By converting operative reports into billing and diagnostic codes more swiftly, the system minimizes coding-related denials, reduces accounts receivable days, and maximizes reimbursements for healthcare practitioners.

Dr. Rezzadeh, another co-founder and a surgeon himself, highlights the trust that surgeons place in their billing processes. He notes, “Choosing a medical biller is not just a business decision; it’s about entrusting the entirety of your income derived from insurance payments to one organization.” Procode AI is dedicated to ensuring that healthcare providers are compensated fairly and promptly for their services.

Overcoming Industry Challenges

John Gwin, founder of The Auctus Group, is set to continue leading this segment of the business under the Procode umbrella. Gwin points out a prevalent issue in the healthcare industry where many RCM AI solutions fall short of delivering real results. His partnership with Procode AI is a step towards changing that narrative, providing tangible tools to enhance billing outcomes for clients.

The integration of Procode AI’s technologies, such as the AR/Denials Management Engine, renders a more efficient and reliable system for handling accounts receivable. By employing AI to decide, post payments, and navigate charge postings, this platform promises a clearer path for surgeons involved in the billing process.

About Procode AI

Founded in 2024, Procode AI is dedicated to revolutionizing revenue cycle management for surgeons in private practices. The firm aims to alleviate the administrative burdens of billing and reimbursement uncertainties, thereby allowing medical professionals to focus more on patient care. With its innovative technologies, including the Coding Copilot and AR/Denial Management Engine, Procode AI simplifies the coding and claims processes while enhancing transparency in revenue cycles.

With the acquisition of The Auctus Group, which currently supports over 300 plastic surgery and dermatology providers, Procode AI is well-positioned to lead a transformative charge in the healthcare billing sector, backed by its substantial investment and forward-thinking approach.