Candid Health

Candid Health is a revenue cycle automation platform that handles medical billing from claim creation through payment posting. Founded in 2019 by Nick Perry, Doug Proctor, and Adam Reis, it targets the same problem traditional billing services solve with headcount: getting claims out clean, tracking denials, and reconciling payer payments. Its core is a rules engine that encodes payer-specific billing logic so claims are corrected before submission instead of denied after, exposed through APIs and prebuilt integrations with EHRs like Elation, Healthie, Canvas, and Medplum. The natural buyer is a telehealth company, specialty group, or MSO with high claim volume and an engineering team.

The company serves 200+ healthcare organizations, with named customers including Talkiatry, Nourish, Allara, Tia, and Ophelia. Talkiatry publicly reported cutting manual billing work by 40% while claims volume grew 45% year over year. Investor momentum has been strong: an 8VC-led $29M Series B in mid-2024, then a $52.5M Series C led by Oak HC/FT just six months later in February 2025, bringing total funding to $99.5M. It positions itself as billing infrastructure for the digital health generation, sitting between DIY clearinghouse rails (like Stedi, which Candid itself uses) and full-service outsourced RCM.