Autonomous Coding: It’s Not About Cost Reduction, It’s About Improving Revenue

The digitization of health records coupled with the increasing capability of Natural Language Processing has made autonomous coding possible. The main benefit of this technology is not the potential cost reductions, but rather the potential improvement in revenue that it brings.

According to Neal Somaney, Executive Vice President at CorroHealth, autonomous coding is a viable technology that can automate portions of the coding process.

“By applying special Natural Language Processing (NLP) algorithms developed in-house we can automate the charge capture part of the process,” Somaney said in an interview with Healthcare IT Today. “We can also derive the ICD codes which can go straight into an organization’s billing system.

The impact autonomous coding has on revenue is one of the top benefits of the technology. The software can work late into the night and over the weekend which means that claims can be submitted to payors sooner which accelerates time-to-cash. This can be critical for healthcare organizations facing cash flow challenges.