What's Happening?
Suki, an artificial intelligence technology company, has announced the expansion of its assisted revenue cycle capabilities. The new tools are designed to improve clinician documentation accuracy and save time by automating the coding process. This expansion includes
the addition of CPT and E/M codes, which are expected to address common sources of claim denials and revenue loss. Suki's Ambient Clinical Intelligence (ACI) technology, which is compatible with major electronic health records, aims to streamline billing, improve coding accuracy, and maximize reimbursements. The company has spent nine months developing these models, which have been tested with major EHR systems like Epic, Cerner, Athena, and Meditech.
Why It's Important?
The introduction of Suki's new coding tools is significant for the healthcare industry as it addresses the persistent challenge of accurate coding, which often leads to claim denials and revenue loss. By automating this process, healthcare providers can expect fewer errors and denials, stronger compliance, and better reimbursement rates. This development is particularly beneficial for clinicians, as it allows them to focus more on patient care rather than administrative tasks. The potential for instant reimbursements could revolutionize the financial operations of health systems, leading to more efficient working capital and transparency in healthcare transactions.
What's Next?
Suki plans to roll out its latest coding capabilities across its partners this fall. The solution will be accessible on any browser or platform for clinicians in non-integrated EHR environments, allowing for improved revenue-cycle benefits. The company aims to make its app the default product for clinicians, embedding its assistive technology directly into the app to further streamline operations. This rollout is expected to enhance the efficiency of healthcare systems and potentially set a new standard for reimbursement processes in the industry.
