MedMatic provides an AI-powered copilot, MediCoda, for revenue cycle management in healthcare settings. This tool automatically codes procedures using ICD and OPS standards, ensuring accurate billing capture. It optimizes revenue by simulating treatment pathways, projecting DRG potential, and strengthening documentation for Medical Review defense.
Funding
Funding not disclosed
Founders
Product
Problem
Hospitals face increasing cost pressures due to incomplete coding, documentation gaps, and time-consuming administrative processes. Manual cancer registry documentation and medical coding are particularly burdensome, leading to revenue loss and potential MD (Medizinischer Dienst) refund claims.
Solution
MedMatic offers AI-powered solutions to automate and streamline back-office tasks for hospitals, focusing on cancer registry documentation and medical coding. Their platform, including MediCoda and Oncomatic, leverages AI to extract information from unstructured documents and free-text records, automatically coding according to ICD and OPS standards. By simulating treatment paths and DRG revenue potentials, MedMatic improves documentation, strengthens MD argumentation, and ensures complete coding for revenue cycle management. The platform reduces administrative burden, minimizes errors, and optimizes revenue capture for healthcare providers.
Target Audience
MedMatic targets hospitals and oncology practices seeking to automate administrative processes, reduce costs, and optimize revenue through AI-powered solutions for medical coding and cancer registry documentation.
Features
- AI-powered extraction of data from unstructured documents and free-text records
- Automatic coding according to ICD and OPS standards
- Simulation of treatment paths and DRG revenue potentials
- Automated form filling for cancer registries (oBDS & DKG)
- AI-driven improvement of documentation and MD argumentation
- Up to 95% time savings in tumor documentation