Medical Coding Market to Reach $15.3B by 2033, Report Finds
What You Should Know:– The medical coding market is estimated to secure a valuation of $ 6.7B in 2023 and is estimated to rise to $15.3B by 2033 at a CAGR of 8.6% during…
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Tag: medical coding
5 AI-Driven Healthcare Trends and Solutions in 2023
Dmitrii Evstiukhin, Director of Managed Services at ProvectusEnterprise-level healthcare is a massive business sector with seemingly infinite moving parts. With patients’ lives at stake, liability is huge, leaving little room for error. Yet human…
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New Medical Billing Codes You Should Know About
Jim Collins, President of Medicare MSOPhysicians need to keep their billing and coding right to ensure seamless reimbursements from payers. Similarly, they should stay updated with the latest coding changes to keep their revenue…
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CodaMetrix Closes $55M Series A to Autonomously Power Medical Coding, Boost Health System Revenue Cycles
Born out of Mass General Brigham, and led by healthtech veterans, CodaMetrix empowers health systems to use Artificial Intelligence to prevent revenue setbacks driven by manual coding inefficiencies
Overhauling medical coding is now crucial for…
AI medical coding company CodaMetrix raises $55M and more digital health fundings
CodaMetrix, an AI-powered platform for healthcare revenue cycle management, secured $55 million in Series A funding led by SignalFire. Yale Medicine, Frist Cressey Ventures, CU Healthcare Innovation Fund and Martin Ventures participated in the round….
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Mass General Brigham-Born Revenue Cycle Company Snags $55M
Hospitals are facing a slew of obstacles that negatively impact their revenue cycle processes — from billing backlogs to labor shortages to burnt out clinicians who don’t have time to deal with hours of…
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Morning Headlines 2/28/23
February 27, 2023 Headlines No Comments Cerebral to Cut 15% of Staff in Fresh Round of Layoffs
Cerebral lays off 15% of its staff, part of the direct-to-consumer telemedicine company’s year-long plan to…
CodaMetrix Raises $55M for AI-Powered, Autonomous Medical Coding
What You Should Know:– CodaMetrix, an AI technology platform transforming healthcare revenue cycle management, today announced that it closed a $55 million Series A round led by SignalFire. Frist Cressey Ventures (FCV), Martin Ventures,…
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Fixing Medicare Advantage Payments
There’s widespread consensus that payments to Medicare Advantage Organizations (MAOs) are a mess. These programs, which care for more than 30 million of the nearly 64 million Medicare enrollees, operate on the cutting edge…
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Transforming Medical Coding and Billing Processes with Artificial Intelligence
Providers and Payers would be familiar with a situation where their medical coders struggle to proceed when there is more than one way to code a particular medical diagnosis and treatment.
The latest revision of WHO’s International Classification of Diseases ICD-11 contains 17,000 unique codes and more than 120,0000 codable terms yielding +1.6 million clinical situations! Searching for the most appropriate ICD code and mapping the available medical data accurately is one of the biggest challenges the healthcare system faces today.
Unstructured medical data is another perennial challenge. About 80% of medical data remains unstructured according to an NCBI journal. Extracting…
