Code

Code is a technology company.

Active

Updated: Dec 9, 2025 ·

Recent News & Mentions

Feb 1, 2024FundingCode - Seed

Financial History

Code has raised $7.0M across 1 funding round. Most recently, it raised $7.0M Seed in February 2024.

Total Raised

$7.0M

Valuation

N/A

Funding Rounds Raised

Date	Round	Lead Investors	Other Investors
Feb 1, 2024	$7.0M Seed		8090 Industries, AIX Ventures, Ambush Capital, C2 Investment, Sophie Bakalar, DTCP, Flex Capital, Innovation Endeavors, IVP, Looking Glass Capital, M13, Maven Ventures, Polygon, Solana Ventures, The Hit Forge, Union Square Ventures, Y Combinator, Amjad Masad, Bob Muglia, Dylan Field, Jeff Bezos, Mattia Astori, Peter Sonsini, Shane Neman, Stanley Druckenmiller, Surojit Chatterjee, Tobias Lutke, Yann LeCun

Financial History

Code has raised $7.0M across 1 funding round.

Total Raised

$7.0M

Valuation

N/A

Deep Dive

High-Level Overview

CODE Technology is a healthcare technology company that provides a fully managed platform and service for collecting, managing, and leveraging patient-reported outcome measures (PROMs or PROs). It serves hospitals, academic medical centers, integrated delivery networks (IDNs), and private practices by handling end-to-end PRO program management—including patient enrollment, multichannel outreach, data collection, monitoring, and compliance-ready reporting—without burdening client staff.[1][6] This solves the problem of turning PROMs from research tools into actionable clinical assets for shared decision-making, quality improvement, and regulatory compliance (e.g., CMS, AAOS, MIPS), with industry-leading capture rates and zero workflow disruption.[1][6]

Founded as Clinical Outcomes and Data Engineering, LLC, the company combines software, algorithms, and dedicated clinically-trained account managers to deliver benchmarking and insights, earning recognition as a preferred PROM vendor by the American Academy of Orthopaedic Surgeons (AAOS).[1][6] Headquartered in Minneapolis with nationwide staffing, it operates as a service-oriented BI software provider with revenue under $5 million and fewer than 25 employees.[2][7]

Origin Story

CODE Technology was founded by Breanna Cunningham, an ICU nurse who transitioned into a healthcare entrepreneur, driven by the need to make patient-reported outcomes practical for clinical use rather than just research.[1] The idea emerged from her frontline experience, aiming to empower healthcare innovators in the shared decision-making movement by transforming PROs into valuable assets through a hybrid service-software model.[1][6]

Early traction came from partnerships like active support for AAOS Registry Program data submission, with simplified import/export processes.[1] Today, it is led by CEO and Founder Breanna Cunningham and COO Julie Doehrmann, with nationwide operations from its Minneapolis base (also listed in Tucson, AZ).[1][2] The company has evolved into a managed service emphasizing human oversight via dedicated Client Outcome Managers who handle all program aspects.[1][2][6]

Core Differentiators

Managed Services Model: Unlike software-only platforms, CODE provides full end-to-end management (outreach, collection, reporting) by clinically-trained account managers, treating programs like their own—no staff burden or IT lift required.[1][2][6]
Industry-Leading Capture Rates and Speed: Achieves high participation through multichannel, tailored patient engagement and real-time monitoring, with average 30-day implementation.[6]
Compliance and Insights: Delivers CMS/AAOS/MIPS-ready formats, benchmarking, and actionable data with national registry integration, recognized as AAOS preferred PROM vendor.[1][6]
Clinical Expertise and Customization: Combines validated surveys, client-branded delivery, and a field-driven product roadmap, ensuring zero workflow disruption for diverse organizations.[1][6]

Role in the Broader Tech Landscape

CODE Technology rides the wave of value-based care and patient-centered outcomes trends, where regulators like CMS mandate PRO data for reimbursements and quality metrics, amplified by post-pandemic emphasis on data-driven decisions.[1][6] Timing aligns with rising PROM adoption in orthopedics and beyond, fueled by payer demands, research needs, and AI-enhanced analytics in healthcare IT.[1][6]

Market forces favoring CODE include labor shortages in healthcare (addressed by offloading PRO tasks) and the shift from siloed software to hybrid managed services, positioning it against pure platforms in a fragmented $multi-billion PRO market.[2][6] It influences the ecosystem by simplifying registry submissions (e.g., AAOS) and enabling benchmarking, helping providers meet MIPS/CMS rules while advancing shared decision-making.[1][6]

Quick Take & Future Outlook

CODE Technology is poised for growth as PRO mandates expand under value-based care, with potential to scale via AI-optimized outreach, deeper registry integrations, and ambulatory surgery center adoption. Trends like personalized medicine and real-world evidence will shape its path, potentially attracting acquisition by EHR giants or health systems seeking compliant data services.[1][6] Its service-heavy model ensures sticky client relationships amid staffing crises, evolving influence from niche PROM enabler to broader outcomes platform—cementing its role in harnessing patient data for thriving care programs.[1][6]

Sources

Frequently Asked Questions

How much funding has Code raised?

Code has raised $7.0M in total across 1 funding round.

Who are Code's investors?

Code's investors include 8090 Industries, AIX Ventures, Ambush Capital, C2 Investment, Sophie Bakalar, DTCP, Flex Capital, Innovation Endeavors, IVP, Looking Glass Capital, M13, Maven Ventures.