Associated tags: Electronic health record, Deep learning, Machine learning, NLP, Software as a service, Natural language processing, Health information management, CMX, Research, Mass General Brigham, Mass, Nursing, Health, Pathology, AI, Medical device, Hospital, University, Automation, Population health, Radiology, KLAS, Patient, Artificial intelligence, GI
Locations: UNITED STATES, NORTH AMERICA, MASSACHUSETTS
General Health,
Health,
Data Management,
Technology,
Artificial Intelligence,
Organization,
Mass General Brigham,
Entrepreneurship,
Partner (business rank),
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Artificial intelligence,
GI,
Radiology,
University,
Pathology,
Mount Sinai Health System,
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Emerge Commerce,
Medical device Transformation Capital led the financing with continued support from existing investors SignalFire, Series A lead, and Frist Cressey Ventures.
Key Points:
- Transformation Capital led the financing with continued support from existing investors SignalFire, Series A lead, and Frist Cressey Ventures.
- Series B financing will be used to further advance CodaMetrix’s AI-powered solutions which improve medical coding quality, produce clinically comprehensive data sets, reduce the overall cost of care, and alleviate administrative burden on providers.
- “Medical coding is one of the most time-consuming, understaffed and inherently error-prone parts of the health system revenue cycle.
- “Our game changing AI platform delivers vital automation which not only addresses these pain points but, more significantly, changes claims data from notoriously unreliable to clinically valuable.
Retrieved on:
Thursday, December 14, 2023
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Morella BOSTON, Dec. 14, 2023 /PRNewswire/ -- Today, CodaMetrix — an AI-powered platform for autonomous multi-specialty medical coding that translates clinical information for patient care and revenue cycle management — announced Lisa Morella, MBA, has joined the company's leadership team as Vice President of Data and Analytics. Morella comes to CodaMetrix as they close out a record-breaking year, including a 50% increase in the total number of automated coding transactions as compared to 2022. Morella will lead the data intelligence and machine learning teams and develop an enterprise data strategy that will support the company's transformational technology to improve clinical decision-making, clinical research, and population health.
Key Points:
- Morella joins CodaMetrix after more than 15 years at Mass General Brigham where the technology driving CodaMetrix's innovative approaches was developed.
- Morella is uniquely qualified given her insider's perspective on data governance, data security, and advanced analytics.
- "I'm honored to join CodaMetrix, a dynamic and innovative company that is reimagining how coding can help transform healthcare for the better," said Morella.
- Morella's appointment builds on the announcement CodaMetrix made this past summer in relation to Cathy Donohue joining CodaMetrix as Senior Vice President of Product .
Retrieved on:
Tuesday, November 21, 2023
RSNA,
Natural language processing,
Organization,
CMX,
Workforce,
Mass,
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GE HealthCare,
KLAS,
Mass General Brigham,
Artificial intelligence,
NLP,
Automation,
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Deep learning,
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AI,
Medical device BOSTON, Nov. 21, 2023 /PRNewswire/ -- CodaMetrix announced a strategic distribution agreement with GE HealthCare to bring CMX Automate™, a cloud-based autonomous coding solution, to GE HealthCare customers. This agreement will enable GE HealthCare customers to rapidly benefit from CodaMetrix's CMX Automate solution that uses artificial intelligence (AI)-powered autonomous medical coding to bolster both quality and efficiency in coding. CMX Automate is recognized by KLAS Research as No. 1 in the "Reduce Cost of Care" category.
Key Points:
- This agreement will enable GE HealthCare customers to rapidly benefit from CodaMetrix's CMX Automate solution that uses artificial intelligence (AI)-powered autonomous medical coding to bolster both quality and efficiency in coding.
- The addition of CodaMetrix reflects GE HealthCare's commitment to bringing AI powered digital solutions to customers that address the mission-critical challenges facing healthcare providers today.
- By leveraging the power of AI-based autonomous medical coding, healthcare providers can reduce costs, improve accuracy, and increase efficiency across the revenue cycle.
- To set time to meet at RSNA and learn more about the partnership between GE Healthcare and CodaMetrix, please visit: http://bit.ly/3G5ZyLb .
Retrieved on:
Wednesday, October 11, 2023
Algorithm,
Intelligence,
KLAS,
Research,
Reduced cost,
AI,
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Pharmaceutical industry BOSTON, Oct. 11, 2023 /PRNewswire/ -- CodaMetrix, an AI technology platform transforming healthcare revenue cycles, today announced it has ranked first in the 2023 KLAS Emerging Solutions Top 20 report in the "Reduce Cost of Care" category. Top healthcare leaders across the country evaluate the Top 20 solutions based on their potential to improve outcomes, reduce the cost of care, improve the patient experience, and improve the clinician experience, otherwise known as the Quadruple Aim of Healthcare.
Key Points:
- 1 in the "Reduce Cost of Care" category for its AI-based autonomous medical coding platform, which bolsters both quality and efficiency.
- The 2023 KLAS Emerging Solutions Top 20 report acknowledges groundbreaking healthtech solutions based on their significant potential to influence the Quadruple Aim of Healthcare.
- BOSTON, Oct. 11, 2023 /PRNewswire/ -- CodaMetrix , an AI technology platform transforming healthcare revenue cycles, today announced it has ranked first in the 2023 KLAS Emerging Solutions Top 20 report in the "Reduce Cost of Care" category.
- Our latest Top 20 report underscores these solutions and brings transparency to what's new in the market," stated Adam Gale, CEO of KLAS.
Retrieved on:
Wednesday, August 9, 2023
Clinical coder,
Donohue,
CMX,
Learning,
Senior,
Population health,
SAAS,
Pathology,
Research,
Interest,
Organization,
Hospital,
Documentation,
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Patient safety,
Health,
GI,
Automation,
Nursing,
Medical device,
Amica (company) A deeply experienced and skilled healthcare product leader, Cathy will drive CodaMetrix's product and innovation strategy to make medical coding a largely autonomous process.
Key Points:
- A deeply experienced and skilled healthcare product leader, Cathy will drive CodaMetrix's product and innovation strategy to make medical coding a largely autonomous process.
- I look forward to working with the talented CodaMetrix team to drive product innovation and continue to set high-quality standards that deliver exceptional value."
- Already serving radiology, pathology, surgery, GI, and in-patient bedside coding, under Cathy's product leadership, CodaMetrix will continue to expand into new specialties and service areas.
- With her proven track record in healthtech product and strategy, her leadership brings a wealth of experience and expertise to CodaMetrix.
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Splenic infarction,
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SUNY Downstate Health Sciences University,
Mass General Brigham,
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Nursing Henry Ford Health , one of the nation's leading nonprofit academic medical institutions, is a customer and collaborator.
Key Points:
- Henry Ford Health , one of the nation's leading nonprofit academic medical institutions, is a customer and collaborator.
- The partnership will empower the revenue cycle team at Henry Ford Health to utilize AI-powered autonomous coding for their more than 700,000 bedside services provided each year, reducing physician, medical coding, and billing administrative burden, and driving more financial and operational efficiency.
- The expansion into bedside professional coding with Henry Ford Health System highlights CodaMetrix's breadth and depth of capabilities, which drive increased efficiency across the entire healthcare enterprise.
- "We are thrilled to work with an innovative partner like Henry Ford Health System to extend our autonomous coding platform for complex use cases, such as inpatient bedside visits."
University,
Pathology,
Oregon Health & Science University,
KLAS,
Radiology,
HIMSS,
Mass,
Northwestern Health Sciences University,
Mass General Brigham,
AI,
GI,
Automation,
Nursing That is a high-volume area, so being able to cut back on overtime is huge," said one director from a leading academic health system.
Key Points:
- That is a high-volume area, so being able to cut back on overtime is huge," said one director from a leading academic health system.
- "We had a large backlog sitting in a work queue waiting to be coded, and CodaMetrix's system has helped with that backlog.
- "This report is tangible evidence of the value we create in leveraging AI and automation to transform healthcare revenue cycles for our clients."
- For additional information, including access to the full KLAS report, visit https://www.codametrix.com/codametrix-klas-emerging-solutions/ or stop by the CodaMetrix booth at HIMSS (#8242)
Retrieved on:
Monday, February 27, 2023
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Diagnosis Held largely by older Gen X-ers and Baby Boomers , medical coding needs have been outpacing the speed of healthcare innovation.
Key Points:
- Held largely by older Gen X-ers and Baby Boomers , medical coding needs have been outpacing the speed of healthcare innovation.
- As it stands today, medical coding is still a highly manual and error-prone process that plagues hospital finances and contributes to physician burnout.
- "To address these challenges, medical coding, as the proxy for evidence of care provided, has to become largely autonomous.
- "Frustrated by the lack of quality autonomous solutions out there, we built CodaMetrix through the lens of healthcare revenue cycle experts, addressing real health system and physician concerns.
Retrieved on:
Tuesday, September 27, 2022
Payments,
Research,
Software,
Artificial Intelligence,
Telemedicine,
Virtual Medicine,
Networks,
Hospitals,
Other Consumer,
Health Technology,
Health Insurance,
Data Management,
Women,
Science,
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Technology,
Clinical Trials,
Nursing,
Biotechnology,
Surgery,
Men,
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Family,
Consumer,
Practice Management,
Managed Care,
Other Health,
General Health,
Other Science,
VP,
CMX,
Engineering,
Efficiency,
Machine learning,
Association of British HealthTech Industries,
Zohreh Tabatabai,
Laika (EHR testing framework),
Growth,
Customer success,
Industry,
Health information management,
MGB,
Deep learning,
Patient,
Gastroenterology,
CEO,
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Natural language processing,
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EVP,
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Software as a service,
Radiology,
Medical device,
Management,
Research The experience and expertise of this team will allow CodaMetrix to scale commercial operations, sales, and continue to extend autonomous coding use cases into new specialty areas.
Key Points:
- The experience and expertise of this team will allow CodaMetrix to scale commercial operations, sales, and continue to extend autonomous coding use cases into new specialty areas.
- This executive team has extensive experience scaling and leading the commercialization of transformational healthcare solutions and will help execute CodaMetrixs mission to use AI to make medical coding a largely autonomous function.
- Tabatabaie continued: Our customers are expanding their use of our multi-specialty autonomous coding platform to address their diverse coding needs across the spectrum of medical specialties.
- CodaMetrix (CMX) is a SaaS technology company providing an AI-powered platform to facilitate healthcare revenue cycle management and medical coding.
