What You Should Know:
– AAPC, a leading global solutions provider in healthcare revenue cycle management, has acquired Semantic Health, an early-stage healthcare technology company focused on creating AI-powered inpatient medical auditing software for health insurance plans and hospitals.
– This acquisition will allow AAPC to offer its members innovative tools to streamline auditing processes, reduce denials, and improve documentation quality.
AI-Powered Inpatient Medical Auditing
Semantic Health’s AI-powered inpatient medical auditing software has made significant strides in streamlining manual auditing processes, reducing denials, and improving documentation quality for auditing teams. The platform audits coded inpatient charts prospectively, validating, identifying, and specifying diagnosis and procedure codes with respect to clinical documentation.
Plans for Platform Expansion
The collective teams have ambitious plans to expand the platform’s functionality and elevate AAPC’s current product offerings. AAPC will work toward a seamless transition to continue supporting existing Semantic Health customers while growing the platform. The strategic move aims to keep AAPC’s 250,000 members at the forefront of healthcare’s digital transformation, ensuring their roles remain vital and effective in an evolving industry.
“I firmly believe this acquisition will help AAPC deliver immense value to our members and their employers, as this platform will empower them to continuously identify and prioritize cases with the highest revenue impact,” said Raemarie Jimenez, Chief Product Officer at AAPC. “We are committed to developing cutting-edge technology solutions that improve the efficiency of our members and helps make their complex jobs a bit easier.”