|
CodaMetrix Announces A New Look, But Same Commitment to High Quality Automated Medical Coding
Wednesday, March 12, 2025
With this rebrand, the company is expanding beyond 25 health system partners in 26 states to transform revenue cycle management
BOSTON, March 4, 2025 /PRNewswire/ -- CodaMetrix, the leading AI-powered autonomous coding company, announced its rebrand today, holding true with the same name and commitment to excellence in automating medical coding, while introducing a new logo, tagline and color palette. Since its founding in 2019, the company has supported health systems of all sizes, including the nation's leading academic health centers, with its AI-powered platform - allowing for automated coding capabilities across multiple specialties. Developed in partnership with Mass General Brigham, the platform autonomously translates clinical documentation into billing codes, ultimately streamlining the coding process and improving revenue cycle management.
According to the Journal of the American Medical Association, 20-25% of U.S. healthcare spending is wasted on administrative and revenue cycle tasks, and coding represents the most expensive component of the revenue cycle. Research by Becker's Hospital Review also found that 80% of U.S. medical bills contain errors, resulting in $210 billion in annual costs. The same research determined that up to 75% of medical bills contain coding errors. Automating coding is a critical step to re-imaging and building better healthcare reimbursement models.
"Accurate, high-quality autonomous medical coding has never been more critical to the healthcare industry than it is right now," said Robin Lloyd, Chief Operating Officer at CodaMetrix. "Our work with the top academic health institutions in the U.S. allows us to train our AI models on the real, impactful data needed to make a difference on our customers' bottom line. Now that we are delivering high-quality, autonomous coding across the care continuum, this rebrand is a visual manifestation of our shift to unlocking clinical and financial value throughout the patient journey."
CodaMetrix's platform offers autonomous, touchless medical coding and coding decision support across specialties including radiology, pathology, evaluation & management, endoscopy, and surgery. Since February 2023, the company has closed both its Series A and Series B funding rounds, securing a total of $95 million. Last August, CodaMetrix announced that its platform is available in the Epic Toolbox, and more recently, the company received Mayo Clinic's annual VIBE (Value -- Innovation -- Belonging -- Empowerment) award, given to the highest performing technology project across the health system. Customers across the board are recognizing CodaMetrix's power to transform their revenue cycle processes.
"Since integrating CodaMetrix's platform into our RCM system in 2022, we have eliminated our historical coding backlog and reduced coder overtime," said Barbara Scully, UMass Memorial Medical Center's Associate Vice President of Physician Billing. "The improvements have been significant--our automation rate has increased by 15% since go-live, now reaching 86% and exceeding internal goals. The use of AI to automate coding through CodaMetrix's platform has streamlined our coding processes and enhanced clinical detail, ultimately contributing to better outcomes. We're exploring expansion into additional service lines within our health system."
Visit CodaMetrix at booth #4657 during HIMSS 2025 March 4-6, to hear more about our autonomous coding platform and the impact we are making in healthcare today.
About CodaMetrix
CodaMetrix offers an AI-powered platform for multi-specialty medical coding, operating in a $20B annual market, and used by over 25 premier provider organizations and health systems, representing more than 200 hospitals and 50K providers. Developed within Mass General Brigham, the platform is uniquely designed to provide a comprehensive, patient-centric view of longitudinal records. Built by and for providers, the CodaMetrix platform is recognized by KLAS Research as No. 1 in the "Reduce Cost of Care" category, offering real-time audit capabilities and seamless EHR integration, creating a continuous feedback loop to drive ongoing improvement. For more information, visit us at: CodaMetrix.com and on LinkedIn.
Media contact:
Kara Spak
Email: kara@12080group.com
Phone: 917.583.9896
View original content to download multimedia:https://www.prnewswire.com/news-releases/codametrix-announces-a-new-look-but-same-commitment-to-high-quality-automated-medical-coding-302390685.html
SOURCE CodaMetrix
|
|
|
|
|
|
 |
VIAVI Highlights Test Solutions for AI Infrastructure Development, Manufacturing and Deployment at OFC 2025 | Mar 28, 2025
|
|
Orium Launches Composable Accelerator for Shopify | Mar 28, 2025
|
|
ThreatQuotient positioned as a Leader in the SPARK Matrix(TM): Digital Threat Intelligence Management, 2025 by QKS Group | Mar 28, 2025
|
|
Oracle Helps Customers Boost Employee Engagement with Strategic Communications and Internal Events | Mar 28, 2025
|
|
Madame Rachida Dati, French Minister of Culture, has granted official recognition to thierry Ehrmann's Abode of Chaos as a 'total work of art', the global headquarters of Artprice by Artmarket. | Mar 28, 2025
|
|
Datacenter Dynamics Makes History with LoneStar - Becoming the World's First Magazine to Reach the Moon | Mar 28, 2025
|
|
Oracle Named a Leader in Configure, Price, Quote by Independent Research Firm | Mar 28, 2025
|
|
Nosto reports 323% growth of Personalized Search after 2024 Gartner MQ inclusion | Mar 28, 2025
|
|
Western Union forms strategic partnership with HCLTech to transition to an AI led platform operating model | Mar 28, 2025
|
|
Wealthbox Expands to Canada with In-Country Data Hosting | Mar 28, 2025
|
|
|
|
