Curated News
By: NewsRamp Editorial Staff
January 18, 2025
RAAPID Secures Microsoft-backed Funding to Enhance Healthcare Risk Adjustment Solutions
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- RAAPID secures Series A funding from M12, Microsoft Venture Fund, expanding AI solutions for healthcare risk adjustment.
- RAAPID's VisionAI technology converts structured and unstructured data into machine-consumable formats, streamlining risk adjustment processes in healthcare.
- RAAPID's AI solution improves patient care by reducing coding errors, enhancing operational efficiency, and optimizing reimbursement for healthcare organizations.
- RAAPID's technology can cut chart review time by 60% with 95% coding accuracy, revolutionizing risk adjustment in healthcare.
Impact - Why it Matters
This news highlights the importance of AI technology in transforming healthcare risk adjustment, improving patient care, and operational efficiency. It signifies a shift towards more accurate risk assessment and coding compliance, impacting healthcare organizations and the adoption of value-based care models.
Summary
RAAPID, a Louisville-based healthcare technology company, secured Series A funding from M12, Microsoft Venture Fund, to expand AI-powered risk adjustment solutions. The investment addresses the challenge of processing unstructured medical data, enabling better management of prospective risk adjustment and value-based care initiatives.
RAAPID's VisionAI technology streamlines pre-visit analysis and retrospective reviews, reducing chart review time by over 60% with 95% coding accuracy. The investment reflects the increasing demand for solutions in value-based care arrangements, benefiting organizations participating in various healthcare programs.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, RAAPID Secures Microsoft-backed Funding to Enhance Healthcare Risk Adjustment Solutions
