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How to build the case for revenue cycle automation

Revenue Cycle Management: Connecting Technology, People, and Processes

Administrative costs account for up to 25% of U.S. health expenditures with billing and coding being two of the top drivers of these expenses, according to reports cited in JAMA1.

Chronic medical coding challenges and revenue cycle management staffing shortages have healthcare organizations struggling to find ways to contain costs, while also ensuring coding accuracy and continuous compliance. New technologies, such as autonomous coding, have emerged to solve the challenges associated with manual coding and billing workflows and help enhance operational efficiencies.

Download the whitepaper to learn how you can transform the revenue cycle and ease the workload burden while also enhancing accuracy.

1 Chernew, M, Mintz, H. Administrative Expenses in the US Health Care System: Why So High? JAMA. 2021;326(17): 1679-1680.

 

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Key Insights

Autonomous coding accelerates the medical coding and billing process by reviewing and coding charts within seconds and then submitting them for billing without any human intervention.

Revenue cycle automation can alleviate ongoing staffing challenges by reducing coders’ workloads and freeing up time clinicians can use to focus on patient care.

Autonomous coding will not replace the need for medical coders, but rather support them as their roles and focus on more complex cases.

About Nym

Nym is the leader in transforming clinical language into actionable information, which can remove inefficiencies that add billions to the cost of care. By combining industry-leading technology with clinical expertise and a deep understanding of medical language, Nym is able to accurately decode medical charts in a way that is fast, explainable and compliant. The Company’s innovative solution for revenue cycle management (RCM) takes provider notes within patient charts and translates them into accurate diagnostic and billing charge codes, all within a matter of seconds and with zero human intervention.

A whitepaper provided by Nym Health in collaboration with AHIMA

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