Exdion Health has introduced ProMaxAI, a new AI-powered tool in its technology suite designed to revolutionize the medical coding and reimbursement industry. Exdion Health offers a variety of cutting-edge revenue cycle management solutions to help healthcare companies enhance efficiency and increase profitability.
The company currently offers a tech suite that helps U.S. urgent care centers and other healthcare entities, automate their medical coding process. A 2023 report by the American Medical Association (AMA) estimated that coding errors cost the healthcare industry approximately $36 billion annually in lost revenue, denied claims and potential fines. Exdion Health offers the first smart AI coding platform that combines rule-based and machine-learning tools to improve documentation, educate providers, optimize revenue and boost revenue velocity.
Its flagship product, ExdionACE, a proprietary auto coding engine, is tailored exclusively for urgent care centers and can create a more efficient claims process, free of human error, when it comes to key challenges including rejection or denial of claims, compliance and missed revenue. ExdionACE is electronic medical records (EMR) agnostic, meaning it can work seamlessly with any practice management system.
The company’s latest groundbreaking platform, ProMaxAI, is poised to further enhance the operational efficiency of urgent care centers by optimizing their revenue cycles through advanced AI technology. ProMaxAI, a revolutionary communications tool, expands upon the capabilities of the ExdionACE system, offering real-time feedback on coding errors and omissions—an unparalleled feature in today’s market. Additionally, the platform incorporates a sophisticated AI chatbot, referred to as “Genie,” which is readily available to address any inquiries providers may have regarding the findings. This immediate feedback mechanism enables providers to refine their chart documentation, resulting in more accurate and compliant billing practices.
Thomas Camp, President and Head of Exdion Health, stated that ProMaxAI will revolutionize the operations of urgent care centers and enhance their financial success by leveraging business intelligence to deliver actionable insights.
“The primary challenge our customers face is the lack of comprehensive data needed for making strategic operational and financial decisions. Our innovative ProMaxAI tool is designed to empower leadership teams and practice administrators, enabling them to take real-time actions with confidence,” stated Camp.
Lohith Reddy, Executive Vice President of Exdion Health, said the objective of the Exdion AI tech suite is to enhance the efficiency and profitability of healthcare centers by optimizing processes and accelerating operational performance.
“Leveraging the power of AI in your business ensures accurate and up-to-date medical coding, enhanced compliance and maximized revenue,” added Reddy. “Not only does it unlock hidden revenue, but it also simplifies coding and compliance processes, allowing clinicians to refocus on patient care.”
For more information on Exdion Health and the new ProMaxAI platform, visit the website here.
Related News:
Telepsychiatry Care Expanded Through Talkiatry and Magellan Health
DecodyGPT is the World’s First Precision Health GPT Launched
