SAN DIEGO--(BUSINESS WIRE)-- A-Life Medical, Inc., the pioneer and leading provider of computer-assisted coding (CAC) products and services to the healthcare industry, announced today that it is the recipient of an Innovations in HealthcareSM ABBY Award presented by the Adaptive Business Leaders (ABL) Organization.
The ABBY awards honor companies that have demonstrated ways to reduce costs associated with the delivery of quality healthcare through the innovative approaches they take to delivery, and/or through the use of medical or information/telecommunications technology.
A-Life Medical was named the winner in the Innovations in Healthcare Information Technology and Telecommunications Technology category for its Actus® 6.0 product and proprietary and patented natural language processing (NLP) technology, LifeCode®. LifeCode® has the ability to accurately read and decipher medical codes comparable to that of a human. Actus® is A-Life’s web-based, natural language, intelligent assistant within the health information workflow process. It aids in improving both the productivity and accuracy of the medical coding and billing process by correctly representing the procedures – in words (using standard terminology) and graphics – in electronic patient records.
“We are honored to receive this esteemed award from ABL. The ABBY awards program evaluates and recognizes innovations from across the healthcare sector and North America. In A-Life’s case, our NLP technology, which has the ability to code patient medical encounters in seconds, showed the judging panel that by integrating coding support into the reimbursement process, significant administrative costs can be realized,” said Jaye Connolly, president at A-Life Medical.
“With administrative healthcare coding costs skyrocketing to about $8 billion in the U.S. annually and ICD-10 on the horizon, our CAC solution has the ability to save healthcare providers up to 35% or $2.8 billion per year. We believe this is the reason the ABBY Awards judges deemed A-Life a winner, and thank them for their efforts and acknowledgment,” said Jaye Connolly, president at A-Life Medical.
Mimi Grant, president of ABL, added: “The winners and finalists in our Innovations in HealthcareSM Awards program include organizations like A-Life that have demonstrated their pioneering capabilities within the healthcare sector to provide innovative solutions that help reduce the cost of quality care. A-Life clearly conveyed to the judges both clinical and financial metrics that revealed how its CAC solution has the ability to reduce overall healthcare costs, while enhancing the provision of quality healthcare. The judges recognized the emergent need for reducing escalating administrative fees which the company directly addresses with its broad offering.”
About the Adaptive Business Leaders Organization
ABL supports the needs of its Member CEOs by providing a place for top-level executives to draw on the experience, knowledge and skill sets of their peers in a vertical industry, personal advisory board setting. Members meet once a month for a half-day Round Table session with a group of industry peers from non-competing companies. Members also gather several times a year at workshops and conferences to exchange ideas and connect with other CEOs. ABL's Chief Executive Leadership Development Round Table program is offered in California's Greater Los Angeles, Orange, San Francisco, Santa Clara and San Diego Counties. More information can be found at http://www.abl.org.
About A-Life Medical, Inc.
San Diego-based A-Life Medical, Inc. is the pioneer and leading provider of computer-assisted coding products and services for the healthcare industry. Using its proprietary and patented Natural Language Processing (NLP) technology, LifeCode®, A-Life deciphers electronic transcribed patient encounters via the Internet through its data center, which are then appropriately coded for reimbursement purposes.
A-Life’s solutions address medical coding needs within the physician and hospital sectors. The company processes more than five million transactions monthly, has thousands of users and provides coding services to more than 40,000 physicians nationwide. Its customers include medical billing companies, physician groups, university medical centers and hospitals. For more information, please visit www.alifemedical.com.
A-Life Medical, Inc.
Susan J. Lewis, 303-804-0494
KEYWORDS: United States North America California
INDUSTRY KEYWORDS: Technology Data Management Software Practice Management Health Hospitals Other Health Professional Services Insurance Nursing Managed Care