Biome Analytics Introduces AI-Powered Documentation Audit Product to Enhance Cardiovascular Data Accuracy and Revenue Optimization
28 March 2024 - 2:43PM
Business Wire
Biome Analytics, the leader in cardiovascular performance
improvement solutions, is pleased to announce the launch of its
latest innovation, the Biome Risk Audit. Developed to address
challenges in risk reporting and documentation accuracy in
cardiovascular care, this artificial intelligence (AI) enabled tool
integrates traditionally siloed quality data and billing
information to improve publicly reported outcomes and maximize
revenue opportunities.
The Biome Risk Audit solves longstanding challenges with risk
reporting and documentation accuracy. By comparing manually
abstracted quality data with billing/coding data, this solution
enables healthcare organizations to capture patient risk more
accurately, improve quality rankings, and maximize
reimbursement.
"At Biome, we understand the critical importance of accurate
risk reporting and documentation in cardiovascular care," says
Matthew Esham, Biome's Vice President of Analytics. "Our
Bi-Directional Risk Audit Engine provides cardiovascular teams with
practical tools to enhance documentation accuracy and revenue,
saving healthcare teams hundreds of hours."
One early-release client identified a 37% under-documentation of
comorbidities like diabetes. Another client improved their
observed-to-expected ratio by 30%. Both organizations realized
revenue and margin improvements in just one-quarter of usage.
About Biome
Biome is a leading provider of innovative healthcare technology
solutions. With a focus on transforming patient care and optimizing
operational efficiency, Biome develops cutting-edge software and
tools that empower healthcare providers to deliver exceptional
outcomes. By leveraging advanced technologies, such as machine
learning and artificial intelligence, Biome is revolutionizing the
healthcare industry one solution at a time.
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Stephen Hiscott Chief Growth Officer Stephen@biome.io