Flourish Health Raises $46M | Procode Raises $10M

Check out today’s featured companies who have recently raised a round of funding, and be sure to check out the full list of past healthcare IT fundings.

Flourish Health Raises $46M to Scale Intensive Mental Health Care for Youth in Crisis

Funding Fuels National Expansion of Model that Delivers Proven Outcomes for High-Acuity Kids through Psychiatrist-Led Care Pods and an AI-Enabled Care Delivery Platform

Flourish Health, the mental health provider for young people with serious, complex needs that traditional care models cannot effectively support, announced $26 million in Series A funding led by B Capital, F-Prime, and Cherryrock Capital. Combined with $20 million in previously undisclosed funding, the investment brings Flourish Health’s total raised since inception to $46 million. The new capital will support the company’s national expansion, in partnership with the largest health plans in the country.

Flourish Health helps children and young adults overcome serious mental health challenges through a unique, in-home care model that’s delivered by psychiatrist-led teams. Studies with multiple major health plans have shown that Flourish Health delivers a 70-96% decrease in hospitalizations, a 69-90% decrease in residential treatment, and a sustained 80-95% decrease in higher levels of care post-discharge. These outcomes have led to expansions with nearly every major health plan in the country, including most major Medicaid plans, specialty foster care plans, and commercial insurers.

Flourish Health patients are supported by a dedicated Care Pod of four coordinated professionals: a child and adolescent psychiatrist, licensed therapist, patient guide, and family guide. The company’s AI workflow platform enables these teams and the company to scale effectively by resolving most of the administrative burden so human clinicians can focus on human patients. This model allows Flourish Health to serve families that the current system has been unable to effectively support. It is proven to deliver gold-standard outcomes for the three clinical cases where it specializes. This includes kids with externalizing behaviors (including ODD, IED, DMDD, and conduct disorder); multiple suicide attempts or suicide-related hospitalizations; and complex needs and family situations that force other clinics to turn them away.

“I lost a young patient to suicide working in the pediatric ER. He was getting bullied at school and his mom felt lost trying to advocate for him. The next day, I cared for another teenager in crisis who was in foster care and extremely distressed about having to change homes again. I knew she needed more than another waitlist or referral, and there had to be a better way to help these kids and their families,” said Natalia Birgisson, MD, Co-Founder and CEO at Flourish Health…

Full release here, originally announced July 27th, 2026.

Procode Raises $10M to Bring Its AI-powered Medical Billing Services to Every Surgical Specialty

Led by Health Velocity Capital, the Round Funds Additional Medical Billing Acquisitions and Follows Procode’s First Peer-Reviewed Study Showing its AI Outperforms Human Coders and General-Purpose LLMs in Complex Surgical Coding

Procode Inc., an AI-powered medical billing, or revenue cycle management (RCM) company, serving private practice surgeons, today announced a $10 million Series A led by Health Velocity Capital. The funding follows Procode’s acquisition of The Auctus Group — the leading RCM company for plastic surgeons and dermatologists — and the publication of its first peer-reviewed research in Plastic & Reconstructive Surgery (PRS) Global Open, the official open-access journal of the American Society of Plastic Surgeons. Procode will use this new capital to expand its AI-powered RCM platform through additional acquisitions and accelerate growth into all surgical specialties and ambulatory surgical center (ASC) billing.

Three Companies, One Platform

The $10 million will fund two additional acquisitions, to be announced in the coming months. Procode intends to follow the same playbook it used with The Auctus Group: acquire the best surgical billing companies and layer in Procode’s AI to drive better outcomes for surgeons:

• Procode: AI coding for surgery that automates the coding workflow from charge capture to submission, reduces coding-related denials, and fully captures reimbursements
• Procollect: An operating system for billing teams with native reporting, AI support, and automation that reduces days in AR and accelerates reimbursements
• Auctus Provider App: An app that puts real-time financial data at Procode’s clients’ fingertips

“We’re on track to double The Auctus Group’s revenue and quintuple its EBITDA margin,” said Jeff Cripe, CEO at Procode…

Full release here, originally announced July 28th, 2026.