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RAAPID Takes Medical Coding for Risk Adjustment to the Desired Leap of Accuracy and Profitability

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LOUISVILLE, Ky., May 16, 2022 (GLOBE NEWSWIRE) — The RAAPID risk capture platform is actively taking medical coding to the desired leap of accuracy and profitability with its unique usage of artificial intelligence technology. As the world’s first personalized AI assistant for risk capture, RAAPID is helping accelerate the already rapidly growing trend of healthcare institutions leveraging AI to improve coders’ productivity, efficiency, and impact on the overall return on investment (ROI). 

As medical coders become increasingly important to payers, providers, and hospitals, the usage of AI to improve daily operations has also become more prevalent. As medical coders work to extract patient data to derive accurate Risk scores, there are a few common challenges that they face on a consistent basis. 

The primary dilemma coders face is the time-consuming process of chart review to identify the right codes for unstructured data in free-form text. When searching for verbatims within medical dictionaries, coders will often have to conduct multiple searches to find the appropriate codes. AI enhances this process, helping medical coders find appropriate codes with fewer searches in the majority of instances. This means accurate codes and lesser Chart review timings.

The rising demand for coders to process as many charts as possible is not helped by the fact that the number of medical codes is constantly increasing. If anything, this combination can easily lead to missed revenue and costly compliance mistakes for under-equipped healthcare institutions. AI assistants prevent these shortcomings by automatically flagging a human error, recommending a solution, and informing coders of the differences resulting from said solution. 

Without question, medical coding procedures automated by AI are becoming the industry standard in the medical sector, especially since manual medical coding processes have been proven to be time-consuming, costly, and error-prone.

Because of this new standard, solutions such as RAAPID’s AI-driven risk capture platform have emerged as game-changers in the medical coding space. By providing healthcare, insurance, and technology businesses with AI-driven solutions that are smarter, faster, and more accurate, the RAAPID platform is able to reimagine risk adjustment and suit any organization’s needs, regardless of size or specialty.

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RAAPID begins by collecting and organizing all relevant clinical documents, including unstructured notes, before converting all scanned images into text format. NLP technology is then used to extract clinical entities. The platform then utilizes patented knowledge graphs and user-adjusted custom rules to identify the entity relationships. After the code validation phase, a final risk score is calculated based on complete, compliant, and accurate codes (International Classification of Diseases 10 and HCC). 

To learn more about how RAAPID can help, please visit https://www.raapid.ai/solutions/

About RAAPID

With a comprehensive workforce of over 500 members who are industry veterans, based out of India and the U.S., RAAPID’s pedigree is built upon Trust, Tech Competence, Stability and Tech Innovation.

Healthcare doesn’t stop at 5 o’clock. Neither do we. We know this because it has been close to a decade now. We want your organization to be successful and have accurate reports when you need them. That’s why we make patient service a priority and ensure our technology stays up-to-date to avoid errors entirely.

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Every organization is unique and deserves personalized AI solutions, and RAAPID is a completely integrated, AI-powered disease understanding and extracting engine that operates on any patient data—including the free text, and unstructured content—to capture the complete risk of the patients.

Contact Information

 Suparna Das Gupta

[email protected]

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Artificial Intelligence

Xinhua Silk Road: E China’s Changzhou City unveils investment opportunities in sectors of new productive forces for global investors

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BEIJING, Sept. 29, 2024 /PRNewswire/ — Changzhou City, an leading international smart manufacturing base located in east China’s Jiangsu Province, has released a bunch of investment investment opportunities to global investors in various sectors of new productive forces at the the 2024 New Energy Industry Development Conference & Invest in Changzhou Conference held in the city on September 19.

The investment opportunities covers nine areas including synthetic biology, low-altitude economy, intelligent connected new energy vehicles, solid-state batteries, hydrogen energy, third-generation semiconductors, and artificial intelligence, manifesting the confidence of Changzhou in further opening development. 
Changzhou, seated in the axis of the Yangtze River Delta, has become an important base for advanced manufacturing in China.
In recent years, thanks to intensified efforts in developing new energy industry and fostering new quality productive forces, Changzhou has expanded the added value of its industrial sector to more than two trillion yuan, with manufacturing added value accounting for about 43 percent, both ranking among the top three in Jiangsu Province.
In the Hurun China New Energy Cities 2024, a list released by the Hurun Research Institute at the conference, Changzhou ranked first among other cities in the country for three consecutive years in terms of investment attractiveness and concentration.
Changzhou has accumulated a total of 10.59 billion US dollars (nearly 74.25 billion yuan) in terms of actually utilized foreign capital since 2020. Major projects such as soft magnetism of ArcelorMittal and medical device of BIOS, a Hong Kong-based company, have been launched during the conference. 
In addition, Changzhou has released a multilingual guide for foreign nationals in Changzhou at the conference, which includes practical service items in stay and residence, work, convenient payment options, among others, turning the city into a more open and international place.
Original link: https://en.imsilkroad.com/p/342380.html
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CGTN: China honors individuals with highest awards in celebration of 75th National Day

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BEIJING, Sept. 29, 2024 /PRNewswire/ — Huang Zongde enlisted in the Chinese People’s Liberation Army at the age of 17, beginning a nearly four-decade-long military career where his bravery, valor and devotion earned him countless awards and honors.

The heavily decorated 93-year-old received the highest state honor on Sunday when Chinese President Xi Jinping conferred him with the Medal of the Republic at a ceremony in the Great Hall of the People in Beijing.
China awarded national medals and national honorary titles to 15 individuals, including Huang, in recognition of their contribution and achievement as it celebrates the 75th anniversary of the founding of the People’s Republic of China, which falls on October 1.
Chinese heroes and role models
In addition to Huang, three others were awarded the Medal of the Republic. Wang Yongzhi, a missile and rocket expert and a pioneer of China’s manned space program, was honored posthumously. Wang Zhenyi, a medical scientist known for breakthroughs in leukemia treatment, and Li Zhensheng, an expert in wheat breeding, are also among the honorees.
The national honorary titles went to 10 people, including scientists, a border patrolman, an artist, a craftsman, educators, a health worker, an economist and an athlete.
Addressing Sunday’s awarding ceremony, President Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, called on the Chinese people to learn from heroes and role models to form a mighty force to build a strong China.
China is in a crucial period for building a great modern socialist country in all respects and achieving national rejuvenation through Chinese modernization, he said.
Encouraging the Chinese people to strive for extraordinary achievements at ordinary job posts, Xi urged them to contribute to resolving challenges to development and reform and safeguarding social harmony and stability.
China’s old friends and good friends
As its highest state honor for foreigners, China awarded the Friendship Medal to Dilma Rousseff, president of the New Development Bank and former Brazilian president, for her commitment to the friendship between China and Brazil, and development of relationship between China and the Community of Latin American and Caribbean States, and cooperation among BRICS countries, a group of major emerging economies.
Accepting the honor at the ceremony, Rousseff said the medal symbolizes the strong bonds between Brazil and China and pledged to continue her unremitting efforts to promote the friendship.
China’s achievements over the decades, including economic transformation, technological innovation and remarkable social development, have made it a beacon and a source of inspiration for the world, she said.
Xi lauded Rousseff as an outstanding representative of China’s old friends and good friends who have shared the same aspirations and stood together with the Chinese people over the past 75 years and vowed that China will never forget such international friends.
The Chinese people are ready to join hands with people from all over the world to safeguard world peace, promote common development and advance the building of a community with a shared future for mankind to create a better future for humanity, he said.
https://news.cgtn.com/news/2024-09-29/China-honors-individuals-with-highest-awards-ahead-of-National-Day-1xhS1SaZeZa/p.html
 

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Kazakhstan Government Delegation Visited SUPCON

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HANGZHOU, China, Sept. 29, 2024 /PRNewswire/ — On September 26, a delegation from the Ministry of Digital Development, Innovations and Aerospace Industry of the Republic of Kazakhstan, led by Minister Madiyev Zhaslan, visited SUPCON. SUPCON’s Chairman and President, Mr.Cui Shan, warmly welcomed the delegation.

The Kazakhstan government representatives expressed their appreciation and recognition of SUPCON’s expertise and innovation in intelligent manufacturing, digital transformation, and industrial AI.
Madiyev Zhaslan expressed a strong interest in industrial AI technologies of SUPCON, particularly their applications in intelligent and low-carbon facilities. He looks forward to exploring extensive collaboration with SUPCON across various sectors in Kazakhstan.
Cui Shan emphasized that as a leading industrial AI company with a global presence, SUPCON will leverage its technological advantages to meet Kazakhstan’s industry development requirements and trends, injecting new momentum into the country’s industrial digitalization.
In 2023, SUPCON established a subsidiary in Kazakhstan as its Central Asia regional headquarters and set up a localized operational system. SUPCON will continue to invest in the long-term development of the Central Asia region, contributing further wisdom and strength to the industrial digital transformation in Kazakhstan and beyond.
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