Product Overview of MediCodio’s CODIO
MediCodio’s CODIO is an innovative, AI-powered medical coding assistant designed to revolutionize the medical coding and billing process for healthcare organizations, ambulatory centers, and Revenue Cycle Management (RCM) companies.
What CODIO Does
CODIO automates the medical coding process by leveraging advanced technologies such as deep learning, machine learning, Robotic Process Automation (RPA), and Natural Language Processing (NLP). This AI-driven engine analyzes patient information from Electronic Health Records (EHRs), Electronic Medical Records (EMRs), and physician notes to suggest accurate medical codes swiftly and precisely.
Key Features and Functionality
Integration and Data Access
- CODIO seamlessly integrates with various EHR systems, allowing for effortless access to patient data and automated data entry. This integration enables medical coders to save time and improve productivity.
Medical Code Prediction and Suggestions
- The platform provides highly accurate medical code suggestions with an accuracy rate of over 85%. CODIO analyzes clinical language in patient records and assigns the correct medical codes within seconds, supporting all medical specialties.
Intelligent Code Suggestions and Verification
- CODIO offers intelligent code suggestions that streamline the coding process. Additionally, a team of professional medical coders verifies the recommended codes to ensure top-notch accuracy and compliance, mitigating the risk of claim denials and audit issues.
NCCI Edit Checks and Compliance
- The tool includes NCCI Edit checks to streamline the coding workflow, increase efficiency by up to 45%, and ensure compliance with regulatory standards.
Detailed Dashboards and Reporting
- CODIO provides detailed dashboards that offer valuable insights into coding operations, helping users to monitor and optimize their coding processes. This feature also aids in reducing the cost of coding operations by up to 35%.
Scalability and Performance
- The platform is highly scalable, capable of handling large volumes of coding workloads, including millions of charts per day. This scalability ensures that CODIO can meet the demands of even the busiest healthcare facilities and RCM companies.
Cost and Revenue Optimization
- CODIO helps maximize revenue potential by ensuring accurate coding and reducing claim denials. The tool also reduces the cost of coding operations, enhancing overall revenue and efficiency.
Security and Compliance
- CODIO is a highly secure, SaaS-based platform that is 100% HIPAA compliant, ensuring the protection and confidentiality of patient data.
Benefits
- Accuracy and Reliability: CODIO achieves an accuracy rate of 85% or higher, ensuring precise coding and reducing the risk of coding-related denials and revenue loss.
- Speed and Efficiency: The platform accelerates the code selection process, reducing turnaround time to less than 24 hours.
- Cost Reduction: CODIO reduces the cost of coding operations by up to 35%, enhancing financial efficiency.
- Compliance: Ensures adherence to regulatory standards through built-in NCCI Edit checks and expert verification.
- Scalability: Handles heavy coding workloads effortlessly, making it suitable for large-scale healthcare operations.
By leveraging these advanced features and functionalities, MediCodio’s CODIO is poised to transform the medical coding landscape, offering a more efficient, accurate, and cost-effective solution for healthcare providers and RCM companies.