CIOAdvisor Apac

  • Home
  • Conference
  • Newsletter
  • Whitepapers
  • News
  • Subscribe
  • About Us
  • Specials

  • Menu
      • Ad Management
      • Application Security Testing
      • Artificial Intelligence
      • Augmented and Virtual Reality
      • Blockchain
      • BPO
      • Cloud
      • Contact Center
      • Data Analytics
      • Digital Marketing
      • Disinfection and Sanitization
      • E-Invoicing
      • Ecommerce
      • Enterprise Mobility
      • Govt Tech
      • HubSpot
      • Human Resource
      • ICT
      • IoT
      • ISP
      • Laser and Photonics
      • Leadership Development
      • Logistics
      • Machine Learning
      • Marketing Technology
      • Mobile Application
      • Parking Management
      • Payment And Card
      • Robotics
      • RPA
      • SDN
      • Telecom
  • BPO
  • Data Analytics
  • Leadership Development
  • Mobile Application
  • Payment And Card
  • Artificial Intelligence
Specials
  • Specials

  • Ad Management
  • Application Security Testing
  • Artificial Intelligence
  • Augmented and Virtual Reality
  • Blockchain
  • BPO
  • Cloud
  • Contact Center
  • Data Analytics
  • Digital Marketing
  • Disinfection and Sanitization
  • E-Invoicing
  • Ecommerce
  • Enterprise Mobility
  • Govt Tech
  • HubSpot
  • Human Resource
  • ICT
  • IoT
  • ISP
  • Laser and Photonics
  • Leadership Development
  • Logistics
  • Machine Learning
  • Marketing Technology
  • Mobile Application
  • Parking Management
  • Payment And Card
  • Robotics
  • RPA
  • SDN
  • Telecom
×
#

CIO Advisor APAC Weekly Brief

Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from CIO Advisor APAC

Subscribe

loading
  • Home
  • News
Editor's Pick (1 - 4 of 8)
left
Artificial Intelligence (AI) Operated Petrochemical Plants

John Boot, CIO, Yutime

IT Strategy in the Age of AI

Kapil Mahajan, CIO, Safexpress

Responsible AI: The Human-Machine Symbiosis

Sal Cucchiara, CIO & Head of Wealth Management Technology, Morgan Stanley

Conquering Technological Transformation

David Kennedy, Group CIO, Transaction Services Group

Where is the Value in AI?

Mansoor Karatela, CIO, Brisbane Airport Corporation

AI: The Next-Frontier in Business

Bora Arslan, Chief Analytics Officer, IAG

Cultivating Fit-For-Purpose AI

Gautam Aggarwal, Senior Vice President, Operations & Technology, Asia Pacific, Mastercard (ASX – DHG)

How AI can Revamp a Business

Matt Kuperholz, Partner and Chief Data Scientist, PwC

right

THANK YOU FOR SUBSCRIBING

Artificial Intelligence Meets Medical Coding

By CIOAdvisor Apac | Monday, July 06, 2020
Tweet

AI plays a significant part in the medical industry’s effort to improve the accuracy and efficiency of the medical coding process

FREMONT, CA: Medical billing and coding is an integral component of healthcare. The medical coding outsourcing market alone is projected to reach16.9 billion dollars by 2021. However, coding accuracy is an ongoing challenge. To maximize efficiency and accuracy of the medical coding process, companies are testing the possibilities of Artificial Intelligence (AI) applications. The current problem is coding accuracy, and AI applications are improving the efficiency of the coding process. Top 10 Data Analytics Consulting/Service Companies in APAC - 2020

The emerging technology, Computer-Assisted Coding (CAC), which works on Machine Learning and Natural Language Processing (NLP), is all set to transform the medical coding process. The CAC automatically identifies and extracts information from documents. It also analyzes the documentation and automatically recognizes relevant medical codes. In addition to processing codes and high volumes of data, AI can also reduce the standard work hours and human errors. AI helps providers address gaps in medical coding information. The AI reviews documentation and then guides the provider to adjust the documentation to ensure it accurately reflects the patient’s condition.

While utilizing AI to catch coding errors would be enough to justify its use, there are several other benefits that come along with it. AI’s potential for identifying false claims or suspect charges is one of the most obvious benefits. With healthcare fraud costing Americans around 68 billion dollars to 230 billion dollars yearly, having AI in place can immediately recognize suspicious activity. Additionally, AI is capable of identifying information that’s not explicitly stated in care providers’ documentation. Even with all of the benefits of accurate coding, doctors still fail to have a complete understanding of medical coding. Fortunately, AI can offer natural language software to apply appropriate codes even when a physician fails to document them thoroughly.

Medical coding is an essential component of how care is delivered and. Inaccuracy is a roadblock that needs to be addressed with the help of advanced technologies such as AI.

Check Out: Medical Manufacturing Companies

tag

Natural Language Processing

Featured Vendors

  • MVI Technologies: Innovative, Future-proof Financial and Payment Switching
    MVI Technologies: Innovative, Future-proof Financial and Payment Switching
  • Dell Technologies: Transforming the Present for the Future
    Dell Technologies: Transforming the Present for the Future
  • SAP Litmos: Where Learning Innovation is The Name of The Game
    SAP Litmos: Where Learning Innovation is The Name of The Game
  • Unis WDC: High-Performance Intelligent Storage Solutions
    Unis WDC: High-Performance Intelligent Storage Solutions
ON THE DECK

SDN 2020

Top Vendors

Telecom 2020

Top Vendors

Previous Next

Read Also

A Look at Key Machine Learning Developments of 2021

A Look at Key Machine Learning Developments of 2021

3 Essential Skills for Data Analytics

3 Essential Skills for Data Analytics

How Technology Can Be Employed to Empower Leadership

How Technology Can Be Employed to Empower Leadership

PlanetSpark Innovation Centre to Allow Tech Startups Achieve Market Deployment

PlanetSpark Innovation Centre to Allow Tech Startups Achieve Market Deployment

Inflectra Announces Expansion of Its Global Cloud Hosting Infrastructure

Inflectra Announces Expansion of Its Global Cloud Hosting Infrastructure

Applications of Data Science in Banking

Applications of Data Science in Banking

Loading...

I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

Copyright © 2021 CIO Advisorapac. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy Policy |  Sitemap

follow on linkedinfollow on twitter
This content is copyright protected

However, if you would like to share the information in this article, you may use the link below:

https://www.cioadvisorapac.com/news/artificial-intelligence-meets-medical-coding-nwid-2207.html