Healthcare Finance News June 12, 2023
Physician-trained AI can recover millions in lost revenue by reducing denials, says Dr. Michael Gao, CEO and cofounder of SmarterDx.
Billing inaccuracies are estimated to cost hospitals billions annually, but physician-trained artificial intelligence can help hospitals recover millions in lost revenue by reducing denials, according to Dr. Michael Gao, CEO and cofounder of SmarterDx.
Gao said he is on a mission to transform the way hospitals bill using artificial intelligence.
The AI works in the revenue cycle to pull together patient information from labs, medications, orders, physician notes and other sources to deduce treatment for the patient. This is used by hospital coders to find gaps in what is billed and avoid errors of omission.
Another approach is to...
Today's Sponsors
Today's Sponsor