Frontier Capital recently invested $16 million in Aviacode, a provider of software-enabled medical coding services, according to Business Wire.
Here are four key points:
1. Aviacode will use the $16 million investment to devise and market its network of certified medical coders and its software-as-a-service platform.
2. Aviacode's software is meeting the increasing demand for solutions facilitating medical coding and auditing for physician groups, facilities and surgical centers.
3. Frontier Capital is a growth equity firm focused exclusively on software and technology-enabled business services companies, making Aviacode the ideal investment.
4. Aviacode is creating innovative web-based coding software and coding solutions in the wake of a shortage of qualified coders.
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