CodaMetrix, a Boston-based and privately held provider of cloud-based performance management software for healthcare organizations, announced it had closed a Series A financing round with $55 million in equity funding. The round includes the leading venture capital firms Frist Cressey Ventures, the Yale Medicine Healthcare Innovation Fund, the Mass General Brigham Physician Organizations, SignalFire, and Martin Ventures.

CodaMetrics is a healthcare technology company that provides easy-to-use, accurate metrics to improve patient outcomes. By enabling organizations to understand their patient’s health status and behavior, they can better manage treatment decisions and ultimately improve patient outcomes.

As U.S. healthcare faces high coding costs, increasing complexity, and skilled labor shortages, the capital injection will expedite go-to-market with major provider organizations and health systems, said Hamid Tabatabaie, CEO and founder, CodaMetrix.