BOSTON, July 18, 2023 — CodaMetrix, an artificial intelligence (AI) technology platform for autonomous medical coding that is transforming healthcare revenue cycles, announced today it has joined the Amazon Web Services (AWS) Partner Network (APN), a global community of AWS Partners that leverage programs, expertise, and resources to build, market, and sell customer offerings. By becoming an APN member, CodaMetrix will be further equipped to seamlessly integrate with electronic health records (EHRs) and billing departments at leading healthcare organizations, streamlining medical coding and insurance reimbursements.
Medical coding is often a highly manual and error-prone process that negatively impacts hospital finances and causes physician and staff burnout. To prevent revenue issues stemming from manual coding inefficiencies, CodaMetrix’s AI autonomously improves clinical coding accuracy and decreases revenue leakage at innovative healthcare organizations. By leveraging the power of AWS, CodaMetrix strengthens health systems’ revenue cycle by overhauling the medical coding process. Its automation, machine learning, deep learning, and natural language processing reduce billing backlogs, claim denials, and coding costs while improving coding quality and unlocking clinician capacity.
“CodaMetrix is a pioneer in AI-based medical coding and was founded with a focus on alleviating unnecessary administrative burdens experienced by providers and their coding teams. Given that the current inefficiency is a universal problem across all provider organizations, our work with AWS makes it possible for us to deliver solutions ubiquitously and at scale,” said Hamid Tabatabaie, President and CEO of CodaMetrix. “As healthcare organizations contend with high coding expenses, increasing complexity, and skilled labor shortages, it is critical that they resolve chronic revenue cycle inefficiencies that waste25-30% of every dollar spent on healthcare in the U.S.*
AWS has been working with CodaMetrix to assist with early and ongoing research, continuous development and now deployment at scale.”Launched and led by health-tech veterans, CodaMetrix is already adopted by 11 premiere health systems and major academic medical centers, including Mass General Brigham, Yale Medicine, University of Colorado Medicine, Henry Ford Health,and Oregon Health and Science University, among others. Its autonomous medical coding platform offers solutions across multiple specialties including radiology, pathology, surgery, GI procedures, and professional coding for inpatient bedside visits.To learn more about CodaMetrix’s autonomous medical coding solutions, please visit https://www.codametrix.com/
CodaMetrix (CMX) is a SaaS technology company providing an AI-powered platform to facilitate healthcare revenue cycle management and medical coding. The company’s cutting-edge platform combines machine learning (ML), deep learning, and natural language processing (NLP) to translate clinical notes automatically, accurately, and autonomously into billing and diagnostic codes that satisfy coding requirements while reducing human coding workload.CodaMetrix’s AI continuously learns from and acts upon the clinical evidence in electronic health records (EHRs). That knowledge is applied to improve the efficiency and quality of medical coding and to enable providers to code less and care more. For more information, visit https://www.codametrix.com.Media contactcodametrix@hermespr.co
*Chernew M, Mintz H. Administrative Expenses in the US Health Care System: Why So High? JAMA. 2021;326(17):1679–1680. doi:10.1001/jama.2021.1731
