With this announcement, CodaMetrix has entered into a strategic distribution agreement with GE HealthCare to offer its cloud-based, autonomous coding solution, CMX AutomateTM, to its customers. This agreement will enable GE HealthCare customers to rapidly benefit from CodaMetrix's CMX Automate solution that utilizes artificial intelligence (AI)-powered autonomous medical coding to enhance both quality and efficiency in coding. According to KLAS Research, CMX Automate is no. 1 in the category of "Reduce Cost of Care".
CodaMetrix will provide live product demonstrations at GE HealthCare's booth 7326 at the Radiological Society of North America (RSNA) 2023 annual meeting at GE HealthCare's booth 7326, along with GE HealthCare's presentation on how CMX Automate fits into its digital ecosystem.
In order to facilitate CodaMetrix's delivery of its solution, GE HealthCare has developed its own digital platform, which standardizes integration architecture and provides a secure, vendor-neutral environment for aggregating siloed healthcare data and enabling core application functionality. CodaMetrix's addition demonstrates GE HealthCare's commitment to bringing AI powered digital solutions to healthcare providers that address the mission-critical challenges that healthcare providers are facing today.
CMX AutomateTM from CodaMetrix combines machine learning (ML), deep learning (DL), and natural language processing (NLP) in order to translate clinical notes into billing codes and diagnostic codes automatically, accurately, and autonomously, ensuring claims consistently reflect the unique and complete episode of care while reducing the amount of time spent by human coders.
By leveraging the power of artificial intelligence-based autonomous medical coding, healthcare providers can reduce costs, improve accuracy, and increase efficiency across the revenue cycle by leveraging the power of AI-based autonomous medical coding. As a result of adopting CMX Automate, healthcare provider organizations, such as Mass General Brigham, University of Colorado Medicine, Yale Medicine, and Henry Ford Health Systems, are already experiencing a significant reduction in claims denials (60%), as well as a significant reduction in coding costs (50%).
"We are honored to have the opportunity to work with GE HealthCare". With this collaboration, CodaMetrix is furthering its mission to make high-quality, consistent coding affordable and reliable through the intelligent application of artificial intelligence and automation, which reflects the company's mission," said Hamid Tabatabaie, CodaMetrix's President and CEO.. It is an exciting time for us as we are able to offer even more providers access to CMX Automate at a time when coder shortages and physician burnout are at all-time highs". We believe that our CMX Automate platform can provide our customers with a level of clinical specificity that is critical to optimizing the revenue cycle management process, but it also contains the potential to support clinical decisions and data-driven research in the future.
We believe that our CMX Automate platform can provide our customers with a level of clinical specificity that is critical to optimizing the revenue cycle management process, but it also contains the potential to support clinical decisions and data-driven research in the future.
If you would like to set up a time to meet at RSNA and learn more about the partnership between GE Healthcare and CodaMetrix, please visit: http://bit.ly/3G5ZyLb .
CodaMetrix: What you need to know
The CodaMetrix platform is designed to be used for multi-specialty medical coding, which has an annual market value of $20B. Providers who have implemented the CMX platform see a 60% reduction in claims denials and a 50% reduction in coding costs as a result of implementing the platform. As of today, CMX is used by more than a dozen premier healthcare providers and health systems, representing more than 200 hospitals and 50K providers.. Developed within one of the world's leading healthcare systems, the platform offers a comprehensive longitudinal view of patient records based on a comprehensive patient-centric design that was incubated in that system. CMX is a platform built for and by providers, and it has been recognized by KLAS Research as one of the best in the industry. It was ranked number one in the "Reduce Cost of Care" category, and provides real-time audit capabilities and seamless EHR integration, which are used as a feedback loop to ensure the learning curve is continuously improved as time goes on. If you would like more information, please visit our website at: Codametrix.You can also find him on LinkedIn and at com
You can also find him on LinkedIn and at com
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CodaMetrix is the source of this information
As part of the 2018 KLAS Emerging Solutions Awards, CodaMetrix, an AI technology platform that transforms healthcare revenue cycles, announced today that it has placed first.
Today, CodaMetrix, the pioneer in autonomous medical coding AI platforms that are transforming the revenue cycle for healthcare organizations, announced the appointment of...
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