Nym

Overview
News
Hospital Management?
Product stageSegments
Early
?
Revenue cycle management
?

Nym is a company that provides autonomous medical coding solutions for healthcare providers across the US. Their flagship product is an autonomous medical coding engine that leverages clinical language understanding (CLU) technology to translate provider notes within patient charts into accurate billing codes in seconds without any human intervention. Nym's engine combines clinical expertise, computational linguistics, and explainable AI to decipher physician notes and assign compliant ICD-10 and CPT codes for medical billing.

As of October 2023, Nym's engine supports medical coding for emergency medicine, urgent care, outpatient surgery, outpatient visits, and radiology departments. It maintains over 96% coding accuracy and provides audit-ready, traceable documentation for every code generated, ensuring compliance with the latest guidelines. Nym's solution seamlessly integrates into existing coding workflows, running in the background and sending successfully coded charts directly to billing.

By automating medical coding, Nym helps healthcare providers reduce coding costs by up to 35%, decrease accounts receivable time by five days, and lower denial rates to less than 0.15%. As of April 2022, Nym's engine was powering revenue cycle management for Ochsner Health's emergency departments, processing over 5.5 million charts annually across more than 275 healthcare facilities in the US


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
45 Bond St New York NY USA
Founded year:
2018
Employees:
51-100
IPO status:
Private
Total funding:
USD 47.5 mn
Last Funding:
USD 25.0 mn (Series A; Jul 2021)
Last valuation:
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