Candid Health raises $120M Series D to expand AI-powered RCM platform

Candid Health closed a $120 million Series D funding round to scale its AI-powered revenue cycle management platform. The company focuses on automating claims management and denial prevention. This capital influx signals continued heavy investment in AI-driven RCM tools for provider and payer workflows. The competitive landscape for practice billing software is consolidating, with venture-backed firms seeking to replace legacy systems.