XpertCoding turns clinical documentation into accurate, consistent coded data, raising billing and cutting denials; revenue doubled with 126% net revenue retention

XpertDox, an AI-first healthcare company, today announced a $20 million Series A investment round led by Savant Growth, with funding from its investment partner, Kennet Partners. XpertDox’s XpertCoding platform automates medical coding, turning the clinical documentation in a provider’s EHR into accurate, consistent and well-documented coded data.

As an AI-first company, XpertCoding codes more than 91% of the claims it receives without manual intervention, returns them in under 24 hours, and keeps coding-related denials below 2%. For customers, that means more accurate and complete billing, typically higher reimbursement, fewer denials and faster payment. Coding teams can spend their time coaching physicians instead of working routine claims.

Unlike coding tools built on top of general-purpose language models, XpertCoding runs on proprietary AI developed by physician-scientists, combining neural network models and ensemble machine learning models with Symbolic AI and payer rules to code accurately and compliantly across specialties. It also flags documentation gaps, helping providers improve their notes over time.

Over the last 12 months, XpertDox doubled its revenue, with 126% net revenue retention and 95% customer retention. The company processes millions of claims annually and is expanding capacity to support tens of millions.

“Healthcare organizations need coding that is accurate, fast and defensible, and they need it today,” said Sameer Ather, MD, PhD, co-founder and CEO of XpertDox. “XpertCoding delivers that by turning clinical documentation into reliable, consistent data. Nowhere does that matter more than in community health centers, which deliver primary care, behavioral health, dental and women’s health under one roof on the thinnest margins in American medicine. This investment helps us bring XpertCoding to more of those organizations, gets them live faster, and keeps improving the results they see.”

XpertDox will use the funding to expand onboarding capacity so new customers can ramp faster, broaden its specialty depth, and grow its engineering and customer teams. The company will also expand its business intelligence platform, the analytics product already used by many XpertCoding customers. New dashboards and workflows will help organizations improve financial performance, raise service quality and build value-based care programs.

“Growing this fast means our own operations have to run the way our coding does, without a human in the loop,” said Bhupesh Panwar, MD, co-founder, President and COO of XpertDox. “We are building the data foundation and the AI-driven internal workflows that let the next hundred customers cost us less to serve than the first forty.”

“XpertDox’s customers stay and expand because the product delivers where it counts: more accurate coding, higher billing and fewer denials,” said Javier Rojas, Co-Founder and Managing Partner of Savant Growth. “Just as important, XpertDox gives healthcare organizations a consistent, well-documented data layer from the EHR. That’s the foundation for process improvement and, increasingly, for AI-driven workflows. We’re excited to back Sameer, Bhupesh and the team.”

As part of the investment, Javier Rojas has joined the XpertDox Board of Directors.

XpertDox’s accuracy and documentation strength have made it a leading coding partner for Federally Qualified Health Centers (FQHCs), for which accurate coding is an absolute requirement. XpertDox serves seven FQHCs across six states, with additional health centers going live soon.

“XpertCoding has helped us reduce manual effort by 94%, improve charge capture by 10%, and realize an average claims processing time under 24 hours. For an FQHC, these improvements translate to a more efficient revenue cycle and greater capacity to support our mission of delivering exceptional and accessible care to the communities we serve,” said Lindsey Tippit, Chief Operations Officer of Lone Star Circle of Care.

About XpertDox

XpertDox is an AI-first healthcare company founded in 2015 by physician co-founders Dr. Sameer Ather and Dr. Bhupesh Panwar. Based in Scottsdale, Arizona, it helps healthcare organizations, including community health centers, code accurately and receive full payment for the care they deliver. Its XpertCoding platform automates medical coding across specialties and is live on eClinicalWorks, athenahealth, Epic, NextGen and other leading EHRs. Learn more at www.xpertdox.com.

About Savant Growth

Savant Growth is a private equity firm that focuses on investing in bootstrapped, founder-led applied AI and tech-enabled services businesses. Leveraging over 30 years of investment experience, the firm adopts a data-driven, entrepreneurial approach to unite talent, companies, and capital, resulting in transformative outcomes within large, high-growth markets. The firm’s investment thesis centers on digitizing workstreams by combining SaaS, data, content, predictive analytics, and AI to automate both blue- and white-collar work. For additional information, please visit www.savantgrowth.com.

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XpertDox raises $20M Series A led by Savant Growth. 40+ healthcare organizations rely on XpertCoding, with 95% customer retention and 126% net revenue retention. Lone Star Circle of Care cut manual effort by 94% and improved charge capture by 10%.