Revenue cycle automation company raises $120M

Candid Health, a revenue cycle automation platform, has secured $120 million in Series D funding led by Sixth Street Growth, with significant participation from Oak HC/FT, 8VC, and Y Combinator. This influx of capital highlights the growing investment in technology aimed at streamlining healthcare financial operations. The funding underscores the importance of automating revenue cycle management to improve efficiency and reduce administrative burdens for hospitals and healthcare providers, potentially leading to better patient care and operational outcomes.