CodeRyte Announces General Availability of DataScout™, Groundbreaking Data Analytics Solution

Technology converts physician narrative into accessible information

BETHESDA, Md., Nov. 29, 2010 /PRNewswire/ -- CodeRyte, Inc., the leading supplier of Natural Language Processing (NLP) technologies in health care, announces today the general availability of DataScout™, a revolutionary clinical data extraction solution. DataScout identifies and extracts clinical information from free-text and structured medical records and converts it into actionable information for critical analysis and business decisions.

DataScout's context-sensitive technology uncovers data buried deep in medical records. Healthcare professionals using DataScout can dissect information in myriad ways to analyze:

  • Demographic patterns
  • Revenue optimization
  • Referral patterns
  • Payer mix
  • RAC preparation
  • Regulatory standards
  • Quality initiatives
  • Clinical appropriateness
  • Clinical trials analysis

"Limited access to all of the meaningful clinical information, exacerbated by the abundance of flawed and incomplete administrative data, has broadly blocked the ability to both reform health care and provide affordable, high-quality care," said Andy Kapit, CodeRyte Chief Executive Officer. "Until now, technology has failed to leverage the language of health care and make it accessible, meaningful and actionable. CodeRyte created DataScout specifically to give organizations access to the full power of the physician's narrative, meaningful amounts of quality source data and to stimulate a resurgence of discovery and faith in medicine."

RadNet, Inc., one of the nation's largest standalone outpatient imaging providers and a long-time CodeRyte client, leverages DataScout to:

  • Streamline the data analysis process saving time, money and resources
  • Discover how inaccurate supply charges led to educational opportunities and enhanced revenue
  • Create a feedback loop for insufficient documentation patterns negatively impacting revenue
  • Monitor and manage PQRI for more than 2,000 radiologists
  • Review RAC preparedness for radiology-specific hot spots
  • Research clinical appropriateness to optimize revenue and utilization

"DataScout is the magic wand I have always dreamed of having," said Verita Powell, RHIT, RCC, RadNet National Coding Director. "When research is required to prove or disprove information, my first thought is 'how can DataScout help?' It is fast, flexible and the information helps manage our business."

For more information, visit booth No. 4032 in the South Hall during RSNA 2010, Nov. 28-Dec. 3, at McCormick Place in Chicago.

About CodeRyte

CodeRyte is the leading supplier of Natural Language Processing in health care. The unrivaled accuracy of CodeRyte technology, coupled with an ASP model to deliver speed to value, helps almost 175 clients including a third of all Academic Medical Centers drive compliant reimbursement, elevate workflow efficiencies and prepare for the coming ICD-10 coding revolution. At CodeRyte, we not only believe that the physician's rich narrative defines care, we believe it defines the quality of care.

CodeRyte. Making the language of healthcare meaningful.

Learn more at www.coderyte.com.

SOURCE CodeRyte, Inc.

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