Nym, a NYC-based startup, raised $47 million to help automate medical coding in healthcare. The company uses machine learning to translate patient records into a narrative of the patient encounter, assigning appropriate medical codes. Nym’s technology is transparent, configurable, and supports multiple specialties. It is compatible with major Electronic Health Record systems and is currently used by health systems, hospitals, and physician groups. This autonomous coding solution aims to reduce administrative burdens, improve payment cycles, and ensure compliance in healthcare delivery. CEO Or Peles highlights Nym’s unique features and capabilities in comparison to other coding solution companies.
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