Healthcare AI software company recognized on prestigious list of fastest growing companies in Atlanta
DULUTH, Ga., May 2, 2023 /PRNewswire-PRWeb/ -- Codoxo, a trusted provider of healthcare artificial intelligence solutions for healthcare payers, agencies, and pharmacy benefits managers (PBMs), today announced that it has been recognized on the Atlanta Business Chronicle's 2023 Pacesetter list. This is the second year in a row that Codoxo has been included on the annual list, which recognizes the fastest growing privately-held companies in Atlanta. The 2023 rankings were announced at the Atlanta Business Chronicle's 28th annual Pacesetter Awards held April 27 in Atlanta.
Codoxo has seen steady and strong revenue growth each year since its inception, and capital investments have enabled the company to meet the rapidly growing demand for its healthcare AI technology, particularly among government agencies and healthcare payers seeking to improve their bottom lines. In 2022, Codoxo's expansion into the pharmacy benefits management market further invigorated sales for solutions included in its Unified Cost Containment Platform. Growth of existing clients was notable in 2022 as well, with 40% of clients expanding their work with Codoxo.
"Georgia has an outstanding reputation for technology leadership and innovation, and it is exciting to be part of a growing group of companies pushing the boundaries of what AI can achieve," stated Dr. Musheer Ahmed, CEO and Founder of Codoxo. "Our team is dedicated to delivering the most innovative solutions to healthcare and will continue to evolve AI technologies that help our clients combat fraud, waste, and abuse and improve payment integrity. This recognition is evidence that companies value our offerings and our business is poised for continued growth."
Recent Industry Recognition
Codoxo has recently earned several other awards and honors that demonstrate its success and upward momentum in the growing healthcare cost containment industry. This spring, Codoxo was named a 2023 Technology Association of Georgia (TAG) Technology Awards Finalist and also was recognized by the Technology Association of Georgia (TAG) as one of Georgia's Top 40 Most Innovative Companies. The company also captured the No. 20 spot in the Inc. 5000 Regionals Southeast list, was awarded the 2022 Fierce Healthcare Innovation Award in the Data Analytics/Business Intelligence category, and was recognized by Aite Group in the "Aite Matrix: Payment Integrity in Healthcare" Report as a "mighty player," with "AI prowess" as an industry differentiator, among several others.
About Codoxo
With a mission to make healthcare more affordable and effective for everyone, Codoxo is the premier provider of artificial intelligence-driven solutions and services that help healthcare companies and agencies proactively detect and reduce risks from fraud, waste, and abuse and ensure payment integrity. The Codoxo Unified Cost Containment Platform helps clients manage costs across network management, clinical care, provider coding and billing, payment integrity, and special investigation units. Our software-as-a service applications are built on our proven Forensic AI Engine, which uses patented AI-based technology to identify problems and suspicious behavior far faster and earlier than traditional techniques. Codoxo is a Fierce Healthcare Innovation Award winner and has been recognized by the Inc. 5000 Regionals list for growth. Our solutions are HIPAA-compliant and operate in a HITRUST-certified environment. For additional information, visit http://www.codoxo.com.
About the 2023 Pacesetter Awards
To qualify for the Pacesetter list, companies must be based in the 20-county metro Atlanta area and not a subsidiary of another company, established prior to or during the first quarter of 2020, experienced a two-year growth in sales of more than 50%; and have 2022 revenues between $1 million and $300 million.
Media Contact
Ronda Duncan, Spring Marketing Group, 8472549782, [email protected]
SOURCE Spring Marketing Group
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