3M and CodeRyte are truly aligned in improving health care by automating coding and making clinical information as meaningful and valuable as possible
Salt Lake City, UT (PRWEB) July 21, 2009
3M Health Information Systems and CodeRyte, Inc. have signed an agreement to integrate CodeRyte's outpatient computer-assisted coding technology with 3M's industry-leading 3M™ Codefinder™ Software to produce the 3M™ Codefinder™ Auto Edition, powered by CodeRyte technology. This powerful new tool uses clinical language processing to substantially automate the outpatient coding process, enabling coders to focus their expertise on coding accuracy and compliance. The result is streamlined outpatient workflow, enhanced revenue cycle efficiencies, and more timely reimbursement.
3M Codefinder Auto Edition for outpatient coding complements 3M™ Codefinder™ Computer-Assisted Edition for inpatient coding, which was developed by 3M and released in 2008. Both software products are add-on modules of the 3M™ Coding and Reimbursement System, making it possible for healthcare facilities to work with a single vendor for a complete, fully integrated inpatient and outpatient medical coding solution based on market-leading technology.
3M inpatient computer-assisted coding reduces time-consuming documentation review by coders, resulting in an average increase in coder productivity ranging from 20-30 percent. The return on investment is just as significant on the outpatient side, where CodeRyte clients have consistently shortened the revenue cycle, enhanced compliance, improved coder productivity, and reduced denials.
3M Codefinder Auto Edition for outpatient coding imports the text of physician reports and uses CodeRyte's clinical language processing technology to assign accurate codes, which are then presented to human coders for review and approval. The approved codes are automatically exported to clients' billing systems.
Tom Anastasio, Senior Vice President, Provider Markets for 3M Health Information Systems, said the agreement allows 3M to take advantage of new technologies to help clients speed the claims process. "Coding quality, compliance, and productivity were the key criteria used to evaluate partners for extending our 3M Codefinder Software to include outpatient computer-assisted coding," Anastasio noted. "By integrating CodeRyte's technology with 3M's market-leading coding system, we can offer our clients an even greater selection of workflow enhancements and time-saving features that help promote accurate coding and appropriate reimbursement."
"3M and CodeRyte are truly aligned in improving health care by automating coding and making clinical information as meaningful and valuable as possible," said Andy Kapit, CodeRyte's Chief Executive Officer. "We are honored to be selected as their partner."
3M Codefinder Auto Edition also can be interfaced with 3M's full suite of document creation and document management products, including dictation, transcription, and speech recognition applications such as 3M™ VoiceScript™ Software and 3M™ ChartScript™ Software. 3M Codefinder Auto Edition also interfaces with an organization's existing vendors to enable access to complete documentation.
About 3M Health Information Systems:
3M Health Information Systems delivers comprehensive software and consulting services to help organizations worldwide improve documentation, quality, and financial performance across the healthcare continuum. 3M offers integrated solutions for transcription, speech recognition, clinical documentation improvement, documentation management, computer-assisted coding, quality, and revenue cycle management, effectively meeting the industry's changing needs. With 25 years of healthcare experience and expertise, 3M works as a trusted and stable business partner to provide reliable implementation, training, and support services. For more information about 3M Health Information Systems products and services, visit http://www.3Mhis.com or call 800-367-2447.
CodeRyte is the fastest growing provider of computer-assisted coding and clinical data extraction solutions for the healthcare industry. CodeRyte's sophisticated technology streamlines the coding process and identifies clinically relevant information from medical records. CodeRyte's clients secure their rightful reimbursement, enhance compliance and efficiency through computer-assisted coding. CodeRyte's data extraction solutions analyze the language of physician narratives and elevate previously undiscovered data for critical treatment and business decisions. Many of the nation's top physician practices, billing companies and academic medical centers rely on CodeRyte as the centerpiece of their coding and data mining operations. Sophisticated technology. Superior compliance. Successful clients. Visit http://www.coderyte.com.
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