Neural Wave: Revolutionizing Medical Coding with Subsequent-Gen AI

The US healthcare trade loses billions yearly attributable to denied claims, predominantly brought on by handbook coding errors. Neural Wave introduces Buddy, the world’s first autonomous AI medical coder, designed with near-perfect accuracy to address this subject immediately.

The Excessive Price of Medical Billing Errors:

  • The US healthcare system loses $935 million weekly ($48 B yearly) to medical billing errors 
  • 80% of medical payments have errors, over 25% from typos. 
  • 63% of errors are from coding, 44% from documentation inaccuracies. 
  • Faulty billing causes over 50% of insurance coverage denials. 
  • 35% of medical payments go unpaid attributable to unnoticed errors, every over $100. 
  • Small hospitals report 30 weekly preventable billing errors
  •  90% of US hospitals have dedicated error with medical billing. 
  • American households spend $500 yearly 
  • Common half-hour will get spent rectifying every billing points. 
  • 65% of US adults have confronted faulty costs. 
  • Coding a invoice price over $172 within the U.S.
  • 66.5% of bankruptcies are immediately attributable to medical bills.

Introducing Buddy: Your AI Billing Superhero

Buddy leverages unmatched AI precision to automate coding, making certain each greenback is reclaimed with error-free billing.

  • Drastically Scale back Errors: Obtain a 99% discount in coding errors.
  • Scale back Denials: Expertise a 90% lower in denials – Not all denials are associated to coding errors.
  • Scale back Prices and Enhance Effectivity Drastically: Save as much as 80% on prices by precisely deriving the codes 100x quicker and eliminating rework and improves effectivity by 50x – all autonomously
  • Enhance Income Cycle: Improves income cycle with faster claims processing.
  • This Reduces income leakage and worker turnover
  • Buddy can also be AMA-licensed and HIPAA compliant.

Benefits: A Seamless 4-Step Transformation

  1. Easy Integration: Simply integrates together with your present programs.
  2. Unparalleled Safety: Defending affected person knowledge privateness stays our high concern.
  3. Streamlined Workflows: Automate coding and empower your employees for higher effectivity.
  4. Future-Proof Know-how:  Makes use of Deep Studying for 100% accuracy. 

Able to Revolutionize Medical Coding?

Subscribe to NeuralWave’s free trial of Buddy at the moment for unparallel enhancements in accuracy, effectivity, and income, a happy employees, and a more healthy backside line.

In regards to the Writer

Chayan Bhattacharyay, founder and CEO of Neural Wave, is a seasoned AI fanatic with shut to three many years of expertise in product ideation, design, and software program growth with many years of expertise on Insurance coverage and well being care.

About Neural Wave 

Neural Wave is a Well being Care AI startup, that provides World’s first autonomous AI powered Medical Coder that automates the derivation of medical codes from diagnoses with none human intervention. It makes use of Deep Studying to derive medical codes with human like comprehension and unmatched accuracy.


Chayan Bhattacharyay

E-mail – 

Hashtags: #Neural #Wave #Revolutionizing #Medical #Coding #NextGen

2024-04-19 01:13:36

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