YC fireside: Candid Health raises $120M Series D to automate $300B medical billing with AI
ycombinator · x · 2026-10-27
Y Combinator published a fireside chat with Nick Perry, co-founder and CEO of Candid Health (W20), which rebuilds the medical billing stack for healthcare providers. Medical billing is a $200–300B market still running on decades-old software and manual processes.
Candid Health now serves 200+ healthcare organizations, processes about $7B in claims per year, and recently raised a $120M Series D.
Key topics:
- Why medical billing is so complicated and how claims actually work
- Going from manually reviewing every claim to building the automation layer
- Where AI agents matter most in RCM — preventing denials before they happen
- First 10 customers, hitting product-market fit, team building, and what's next after Series D
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