Ambience announces OpenAI-powered medical coding model that outperforms physicians
Summary
Artificial intelligence startup Ambience Healthcare on Tuesday announced a new medical coding model that outperforms doctors by 27%. The startup is part of a fiercely competitive market that has taken off as health-care executives search for solutions to help reduce staff burnout and daunting administrative workloads. The companys new model can listen to patient encounters and identify ICD-10 codes, which are internationally standardized classifications for different diseases and conditions. Documenting ICD-10 codes has traditionally been a labor-intensive task in health care, but its a crucial way to track outcomes, mortalities and morbidities in a standardized way, said Dr. Will Morris, the chief medical officer of Ambience. It has raised more than $100 million, according to PitchBook, from investors including Kleiner Perkins, Andreessen Horowitz and the OpenAI Startup Fund.