Nym's autonomous medical coding engine utilizes Clinical Language Understanding technology to interpret clinical language in patient charts and assign accurate medical codes without human intervention. This automation reduces coding costs, improves revenue capture, and accelerates payment cycles for health systems and hospitals.
Funding
$94.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
PEFounders
Product
Problem
Healthcare providers face challenges in accurately and efficiently assigning medical codes to patient charts, leading to increased costs, reduced revenue capture, and delayed payment cycles. Traditional medical coding processes often rely on manual interpretation, which is prone to errors and inconsistencies, especially with complex clinical documentation.
Solution
Nym offers an autonomous medical coding engine that automates the assignment of medical codes by deciphering clinical language directly from patient charts. Using Clinical Language Understanding (CLU) technology and a rules-based approach, the engine analyzes patient data and assigns accurate medical codes in seconds without human intervention. This autonomous coding solution integrates into existing coding workflows, taking a first pass at coding charts and sending successfully coded charts directly to billing. The engine maintains high coding accuracy and provides transparent audit trails for every code assigned, while automatically updating with new coding guidelines.
Target Audience
The primary target audience includes health systems, hospitals, and physician groups seeking to improve operational efficiency, optimize financial performance, and reduce administrative burdens related to medical coding.
Features
- Autonomous medical coding engine powered by Clinical Language Understanding (CLU) technology
- Automated assignment of medical codes directly from patient charts
- Seamless integration into existing coding workflows
- Coding accuracy exceeding 95%
- Transparent audit trails for every code assigned
- Automatic updates reflecting new coding guidelines