The Auctus Group
The Auctus Group is a specialized medical billing and revenue cycle management company serving 350+ plastic surgery, dermatology, and medical spa practices. Founded in 2012 and now operating under Procode AI, it combines remote-staffed RCM delivery with proprietary specialty-trained AI coding.
- Company typePrivate
- Founded2012
- HeadquartersChicago, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What The Auctus Group does
The Auctus Group is a specialized medical billing and revenue cycle management (RCM) company serving plastic surgeons, dermatologists, and medical spas. Founded in 2012 and headquartered in Bannockburn, Illinois (with a Chicago office), the company operates a 100% remote delivery model with 51-100 employees distributed across 12 countries, enabling global labor arbitrage and flexible scaling. The company manages end-to-end billing workflows — including coding, claims submission, denial management, and payer follow-up — for 350+ provider practices, achieving a 97% clean claims rate (recognized by the Trizetto 99% Club) and a 92% client retention rate.
The Auctus Group was acquired by Procode AI in March 2026, integrating the RCM operation with Procode's specialty-trained medical coding LLM. The Procode engine achieves 87.5% coding accuracy in peer-reviewed validation, materially outperforming human auditors (42.5%) and general-purpose AI models (~35.8%). Post-integration, Auctus's coding error rate dropped from 21% to 9% and coder productivity rose 90%, demonstrating that the AI layer is operationally embedded rather than experimental. Founder John Gwin continues to lead the RCM business post-acquisition, while Procode AI's leadership (Jeff Cripe, Kameron Rezzadeh M.D., James Baez-Silva) drives platform development.
Auctus generates revenue primarily through percentage-of-collections fees on specialty medical claims, a model that scales with each provider's throughput. Within five months of acquisition, the company added approximately $2 million in incremental ARR while growing its provider base from 300 to 350+ accounts. The parent Procode AI has raised $14 million in total funding ($4M seed, $10M Series A) and has signaled intent to execute two additional billing acquisitions, positioning Auctus as the anchor asset in a specialty RCM roll-up strategy.
The Auctus Group firmographics
Firmographics- Name
- The Auctus Group
- Legal name
- The Auctus Group LLC
- Website
- https://AuctusGroupConsulting.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- The Auctus Group is a specialized medical billing and revenue cycle management company serving 350+ plastic surgery, dermatology, and medical spa practices. Founded in 2012 and now operating under Procode AI, it combines remote-staffed RCM delivery with proprietary specialty-trained AI coding.
- Ownership category
- akta.pro rank
The Auctus Group industry classification
Industry- Product category
- Healthcare Revenue Cycle Management
- NAICS
- Professional, Scientific, and Technical Services (541), Software Publishers (51321)
- SIC
- Hospital & Medical Service Plans (6324)
- akta.pro primary industry
- Claims Management, Scrubbing & Clearinghouse (HLACACAB)
- akta.pro secondary industry
- Price Transparency, Estimates & Patient Financial Clearance (HLACACAK)
Keywords
Where The Auctus Group is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
The Auctus Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- Medical Billing RCM Services: Full-cycle revenue cycle management for plastic surgery and dermatology practices; services include prior authorizations, coding, claim scrubbing and submission, payment review and posting, denials and appeals management, AR management, patient statements, and collections; month-to-month contracts; no write-offs without client approval.
- Finance and Bookkeeping Services: Medical bookkeeping, accounts payable management, credit card processing, financial forecasting and benchmarking; priced below standard CPA rates.
- Operations Consulting: Contracting and credentialing, prior authorization support, ERM/PM software evaluation and implementation, staffing and training, workflow analysis, and IT assessments for specialty practices.
- Business Development Services: Practice vertical strategy, medspa launch support, mergers and acquisitions advisory, ROI analysis, marketing and sales strategy consulting.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels6 records
The Auctus Group product offering
Product offeringCore offering
The Auctus Group provides full-cycle revenue cycle management, finance and bookkeeping, operations support, and business development services exclusively to private practice plastic surgeons, dermatologists, and ENT specialists. The firm delivers medical billing, coding, claim scrubbing and submission, denial/appeals management, AR management, prior authorizations, credentialing, and patient collections under month-to-month contracts with 100% transparency and no write-offs without client approval. Following its March 2026 acquisition by Procode AI, its workflows are augmented by the ProCode AI Coding Copilot, an AI-powered CPT coding engine specialized for surgical specialties.
Product overview
The Auctus Group is a revenue cycle management company offering a unified platform of billing, financial, operational, and business development services exclusively for plastic surgery, dermatology, and ENT practices. The core offering is full-cycle RCM encompassing medical billing (coding, claims submission, denial management, AR), finance/bookkeeping, operations support, and business development. Following its acquisition by ProCode AI in March 2026, the platform now incorporates ProCode AI's Coding Copilot—an AI-powered module that translates operative reports into CPT codes with 87.5% accuracy. Services are delivered through month-to-month contracts with 100% focus on aesthetic medicine practices.
Differentiator
Problem solved
Functional benefit
Products and services
- Medical Billing Services End-to-end medical billing for plastic surgery and dermatology practices, including coding, claims scrubbing and submission, payment review and posting, denials and appeals management, and accounts receivable management.
- Finance and Medical Bookkeeping Medical bookkeeping, accounts payable management, credit card processing, financial forecasting and benchmarking, and vendor and contract management for aesthetic medicine practices.
- Operations Support Provider contracting and credentialing, prior authorizations, benefit estimations, ERM/PM software evaluation and implementation, staffing and training, workflow analysis, and IT assessments for specialty practices.
- Business Development Services Practice vertical strategy, medspa launches, mergers and acquisitions advisory, ROI analysis, and marketing and sales strategy consulting for aesthetic medicine practices.
- Full-Cycle Revenue Cycle Management Comprehensive RCM service covering the entire revenue cycle from prior authorizations, coding, charge entry, claim submission, payment review, denial management, AR management, patient statements, and collections for plastic surgery, dermatology, and ENT practices.
Quantifiable outcome
- 87.5% coding accuracy vs. 42.5% for human auditors (peer-reviewed study, Plastic & Reconstructive Surgery Global Open, July 2026)
- +6 more outcomes
Companies that use The Auctus Group
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles2 records
The Auctus Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability6 records
Feature3 records
The Auctus Group partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor and core.
- Provide (FinTech Lender)minorFinTech partnership providing exclusive working capital loans to Auctus clients for practice needs (new office, buildout, equipment). Provide is built exclusively for medical practices with competitive rates offered to Auctus client base.
- Marketing Partner AgenciesminorThe Auctus Group partners with multiple industry-leading marketing agencies to offer comprehensive services to clients — covering digital, brand, print, and electronic marketing. Marketing partners drive new patient acquisition while Auctus handles the billing and revenue operations.
- TriZetto (Clearinghouse)coreTriZetto clearinghouse integration; The Auctus Group achieved a 97% clean claims rate and was inducted into TriZetto's 99% Club for top-tier claims processing accuracy. Core infrastructure for claims submission and scrubbing.
- Evolve Healthcare MarketingminorDesign and development partner for The Auctus Group's website and digital properties. Provides ongoing website maintenance and digital marketing infrastructure support.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
The Auctus Group competitors and assessment
Company assessmentDirect peers
- ModMed: Specialty-focused EHR and practice management with integrated RCM/billing for dermatology, plastic surgery, orthopedics, and other specialties. Directly comparable as a specialty-first technology platform competing for the same private-practice customer base, though ModMed is software-led while Auctus is service-led.
- Tebra (Kareo): Cloud-based practice management, EHR, and medical billing platform serving independent practices including dermatology and other specialties. Comparable as a combined software-plus-billing-service competitor to specialty practices, though Tebra is generalist across many specialties.
- DrChrono (EverHealth): EHR and practice management with built-in billing for specialty practices, including customizable medical billing services. Comparable as a SaaS-plus-billing competitor targeting independent specialty practices, with comparable size and customer profile.
- CureMD: Specialty-oriented EHR, practice management, and medical billing services including coding, claims, and RCM. Comparable as a vertically-focused technology and billing services firm targeting specialty practices similar to Auctus' plastic surgery and dermatology base.
Broad incumbents
- athenahealth: Large healthcare IT incumbent offering EHR, practice management, and RCM services to a broad provider base. Comparable as a full-stack RCM competitor with embedded billing workflows, though not specialty-focused on aesthetic medicine and serving far larger enterprise clients.
- Waystar: Healthcare payments and RCM technology platform offering claims management, denials, and patient billing. Comparable on the claims-scrubbing and clearinghouse-side of RCM, but serves large hospital systems and is not specialty-verticalized to aesthetic medicine.
- eClinicalWorks: Large ambulatory EHR vendor with integrated practice management and RCM/billing services. Comparable on RCM and clearinghouse workflows, but a generalist incumbent serving thousands of practices across many specialties.
- Office Ally: Healthcare clearinghouse and RCM/practice management vendor serving providers across many specialties. Comparable on claims clearinghouse and RCM workflows, but a generalist incumbent rather than a specialty-focused firm.
Emerging players
- Experity: EHR and practice management platform purpose-built for urgent care with embedded RCM. Comparable as a specialty-vertical EHR/RCM player with similar go-to-market and integration strategy, though focused on a different specialty (urgent care rather than aesthetic medicine).
- Practice Fusion: Cloud-based EHR with integrated billing services targeting independent practices. Comparable as a combined EHR-plus-billing platform competing for similar small-practice customers, though less specialty-verticalized.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
The Auctus Group social profiles
Digital presenceThe Auctus Group compliance and trust
Trust signalCompliance3 records
The Auctus Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
The Auctus Group leadership team
Management profileNumber of profiles
Profiles1 record
The Auctus Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The Auctus Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about The Auctus Group
What does The Auctus Group do?
The Auctus Group provides full-cycle revenue cycle management, finance and bookkeeping, operations support, and business development services exclusively to private practice plastic surgeons, dermatologists, and ENT specialists. The firm delivers medical billing, coding, claim scrubbing and submission, denial/appeals management, AR management, prior authorizations, credentialing, and patient collections under month-to-month contracts with 100% transparency and no write-offs without client approval. Following its March 2026 acquisition by Procode AI, its workflows are augmented by the ProCode AI Coding Copilot, an AI-powered CPT coding engine specialized for surgical specialties.
Is The Auctus Group a public or private company?
The Auctus Group is a private company. It is classified as venture growth investor backed and is currently operating.
When was The Auctus Group founded?
The Auctus Group was founded in 2012. It employs 51 to 100 people.
Where is The Auctus Group based?
The Auctus Group is headquartered in Chicago, United States, in the North America region.
How does The Auctus Group make money?
Four revenue lines are on record. Medical Billing RCM Services are the primary driver. The others are finance and Bookkeeping Services, operations Consulting and business Development Services.
Who are The Auctus Group's main competitors?
Direct peers on record are ModMed, Tebra (Kareo), DrChrono (EverHealth) and CureMD. Broad incumbents are athenahealth, Waystar, eClinicalWorks and Office Ally. Emerging players are Experity and Practice Fusion.
Does The Auctus Group have an API?
No public API is recorded for The Auctus Group.
What industry is The Auctus Group in?
The Auctus Group's product category is Healthcare Revenue Cycle Management. Its primary akta.pro industry code is HLACACAB, Claims Management, Scrubbing & Clearinghouse, with a secondary code of HLACACAK, Price Transparency, Estimates & Patient Financial Clearance. Its NAICS code is 541 and its SIC code is 6324.