Nym Wins “Health Administration Innovation Award” in 8th Annual MedTech Breakthrough Awards Program
09 Mayo 2024 - 10:29AM
Business Wire
Award Underscores the Expanded Capabilities of Nym’s
Industry-Leading, Multi-Specialty Autonomous Medical Coding
Solution
Nym, the leader in autonomous medical coding, today announced
that it has been selected as the winner of the “Health
Administration Innovation Award” in the 8th annual MedTech
Breakthrough Awards program conducted by MedTech Breakthrough, an
independent market intelligence organization that recognizes the
top companies, technologies, and products in the global digital
health and medical technology market.
As healthcare revenue cycle management continues to face
staffing challenges, high costs, and inefficient processes,
industry leaders are turning to autonomous medical coding to bring
greater accuracy and efficiency to medical coding. While autonomous
coding has gained significant traction and delivered meaningful
value to the healthcare provider community, the capabilities of
many solutions remained limited to one or two outpatient specialty
areas. Nym has broken through this limitation, expanding the
capabilities of Nym’s medical coding engine to support six
different specialties and service lines across both outpatient and
inpatient care settings, including emergency medicine, radiology,
outpatient surgery, outpatient visits, inpatient professional fee
services, and urgent care.
“Through our team’s expertise, dedication, and hard work, Nym
has developed a truly multi-specialty autonomous coding solution
that opens the door for many more provider organizations to
experience the benefits of fully automated medical coding,” said Or
Peles, Nym’s CEO. “We are incredibly grateful to MedTech
Breakthrough for this recognition, and we look forward to building
additional specialty areas that will optimize medical coding and
reduce administrative burdens for even more healthcare
organizations across the US.”
The mission of the MedTech Breakthrough Awards is to honor
excellence and recognize the innovation, hard work, and success in
a range of health and medical technology categories, including
Telehealth, Clinical Administration, Patient Engagement, Electronic
Health Records (EHR), Virtual Care, Medical Devices, Medical Data
& Privacy, and many more. This year’s program attracted
thousands of nominations from over 18 different countries
throughout the world.
“Nym's best-in-class autonomous coding solution is solving the
challenges associated with manual medical coding, helping
healthcare providers improve quality, reduce coding-related costs,
and accelerate payment cycles,” said Steve Johansson, managing
director, MedTech Breakthrough. “By expanding the capabilities of
their solution to support additional specialty areas, Nym has
strengthened its position as a leader in autonomous medical coding,
and we couldn’t be happier to award them the ‘Health Administration
Innovation Award’.”
About Nym
Nym is the leader in transforming clinical language into
actionable information, which can remove inefficiencies that add
billions to the cost of care. By combining industry-leading
technology with clinical expertise and a deep understanding of
medical language, Nym is able to accurately decode medical charts
in a way that is fast, explainable, and compliant. The Company’s
innovative solution for revenue cycle management (RCM) takes
provider notes within patient charts and translates them into
accurate diagnostic and billing charge codes, all within a matter
of seconds and with zero human intervention. Along with over 95%
accuracy, Nym’s RCM solution delivers audit-ready, traceable
documentation for every code it generates, ensuring total
visibility into why each code was assigned. The Nym solution can be
quickly deployed and scaled based on volume and workflow needs,
easing administrative burdens and allowing clinical teams to spend
more time focused on patient care.
Based in New York City with R&D capabilities in Tel Aviv,
Nym is building an interdisciplinary team of specialists including
technologists, physicians, mathematicians, computational linguists,
engineers, medical coders and more. Investors in Nym include
Addition, GV, Bessemer Venture Partners, Dynamic Loop Capital,
Tiger Global, Zach Weinberg and Nat Turner. To learn more about
Nym, visit nym.health.
About MedTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and
recognition platform for global technology innovation and
leadership, the MedTech Breakthrough Awards program is devoted to
honoring excellence and innovation in medical & health
technology companies, products, services and people. The MedTech
Breakthrough Awards provide a platform for public recognition
around the achievements of breakthrough healthcare and medical
companies and products in categories that include Patient
Experience & Engagement, Health & Fitness, Medical Devices,
Clinical Administration, Connected Healthcare, Medical Data,
Healthcare Cybersecurity and more. For more information visit
MedTechBreakthrough.com.
Tech Breakthrough LLC does not endorse any vendor, product or
service depicted in our recognition programs, and does not advise
technology users to select only those vendors with award
designations. Tech Breakthrough LLC recognition consists of the
opinions of the Tech Breakthrough LLC organization and should not
be construed as statements of fact. Tech Breakthrough LLC disclaims
all warranties, expressed or implied, with respect to this
recognition program, including any warranties of merchantability or
fitness for a particular purpose.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240509987399/en/
Hudson Schertz hudson@nymhealth.com 984-215-8713