Maverick Medical AI Announces Completion of The Implementation of Its Real-Time Autonomous Medical Coding Solution at RadNet
December 01 2024 - 9:00AM
Business Wire
Successful deployment achieved across all
RadNet sites and 10 million medical reports processed to date
Maverick Medical AI announced today the completion of a
successful deployment of its real-time autonomous AI-powered
medical coding solution across all 399 sites of RadNet, Inc.
(NASDAQ: RDNT), a national leader in providing high-quality,
cost-effective outpatient diagnostic imaging services.
RadNet integrated Maverick Medical AI’s mCoder solution to
automate the medical coding process. Using deep learning and
synthetic data generation, mCoder analyzes reports to accurately
generate reimbursement codes in real-time. RadNet has successfully
processed more than 10 million reports using Maverick’s technology
to date.
“When medical coding is performed in real-time, it helps us
improve revenue cycle efficiency. Maverick’s solution enables us to
reduce errors, avoid billing backlogs, and ease the administrative
burden on our radiologists. Maverick’s medical coding is delivered
to our systems in seconds," said Susan Hollabaugh, RadNet’s senior
vice-president of I.T.
In the near future, RadNet intends to implement the recently
launched Maverick CodePilot™ into radiologists’ reporting workflow,
providing an interactive real-time interface for radiologists. Once
integrated, Radiologists will be able to resolve coding-related
omissions before signing their reports, thereby reducing the need
for addenda and manual follow-up with radiologists which often
result in billing delays.
“Our implementation of Maverick’s solutions has resulted in a
significant increase in our direct-to-bill rate, a testament to
this technology's effectiveness," adds Hollabaugh. "We look forward
to providing our radiologists with real-time coding assistance,
reducing the need for coding-related addenda.”
“RadNet is the country’s largest outpatient imaging provider,
and our solutions enable RadNet to harness deep learning and AI
capabilities in medical coding to realize significant operational
improvements. From radiologist workflow to revenue cycle
operations, our real-time autonomous coding solution delivers
benefits across the enterprise. We look forward to further
collaboration,” said Maverick AI CEO Yossi Shahak.
About Maverick Medical AI
Maverick Medical AI revolutionizes medical coding for healthcare
providers with its AI-powered real-time Autonomous Medical Coding
platform. By combining in-depth knowledge of medical coding with
advanced large language models and deep learning technologies,
Maverick’s platform autonomously analyzes clinical notes and
reports to generate accurate medical codes.
We overcome revenue cycle challenges by seamlessly integrating
Medical Coding operations with Point-of-Care in real-time to
optimize reimbursement. Maverick significantly surpasses industry
standards with an 85% Direct-to-Bill rate, automating the medical
coding process to enhance efficiency, reduce the workload on human
coders, and minimize errors. This automation ensures a smoother,
more reliable, and consistent revenue cycle process for healthcare
providers.
For more information, visit: www.maverick-ai.com/
About RadNet
RadNet, Inc., is the leading national provider of freestanding,
fixed-site diagnostic imaging services and related information
technology solutions (including artificial intelligence) in the
United States based on the number of locations and annual imaging
revenue. RadNet has a network of 399 owned and/or operated
outpatient imaging centers. RadNet’s markets include Arizona,
California, Delaware, Florida, Maryland, New Jersey, New York and
Texas. In addition, RadNet provides radiology information
technology and artificial intelligence solutions marketed under the
DeepHealth brand and other related products and services to
customers in the diagnostic imaging industry. Together with
affiliated radiologists, and inclusive of full-time and per diem
employees and technologists, RadNet has a total of over 10,000
employees. For more information, visit http://www.radnet.com.
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Michael Wong | VP Marketing
MAVERICK MEDICAL AI
M| 416-723-6843
W| http://www.maverick-ai.com/