Key Highlights
- Calm Waters AI finalizes agreement with Physician Housecalls, aiming to enhance E/M coding efficiency for elderly patient care.
- The AI solution offers improved speed and accuracy in E/M coding, reducing paperwork and increasing provider-patient interaction time.
- Significant reductions in billing and coding staff time have been observed, leading to higher overall efficiency in claims submission.
- Calm Waters AI boasts a 97% chart accuracy rate and an average revenue improvement of $17.14 per E/M service.
- The collaboration is part of Montecito Medical’s platform, focusing on revenue increase and cost reduction for healthcare providers.
Source: Business Wire
Notable Quotes
- “Calm Waters AI has significantly improved the speed and accuracy of our E/M coding. Our billing and coding staff time spent on claims submission has been significantly reduced. This allows providers to code appropriately and billing to drop more claims, resulting in higher efficiency.” – Carman Pennel, Business Office Director at Physician Housecalls
- “We are excited by the opportunity to work with this group that plays such a key role in healthcare delivery for the area it serves,” – Joe Ferro, President at Calm Waters AI
SoH's Take
The partnership between Calm Waters AI and Physician Housecalls marks a significant step forward in the realm of healthcare technology, particularly in the challenging area of E/M coding. By integrating AI into everyday healthcare practices, this collaboration not only streamlines the coding process but also refocuses the attention of healthcare providers on what truly matters – patient care. This improvement in efficiency and accuracy has profound implications, not only for healthcare providers but also for the overall experience of patients, especially the elderly who require more attentive care. With such advanced technology at their disposal, healthcare providers can now ensure more precise billing, reduce administrative burdens, and enhance patient satisfaction, setting a new standard in healthcare delivery.
