“Codoxo’s groundbreaking work helped build the Forensic AI Platform, which accurately and quickly detects risks and costs, especially those previously unforeseen.”
GLENVIEW, Ill. (PRWEB)
June 30, 2021
Codoxo’s fraud, waste and abuse AI solution is a Leading Contender gaining in strength and industry prominence, according to the newly-released Aite Matrix: Payment Integrity in Healthcare report. Aite Group’s industry analysis notes Codoxo is “a small but mighty player that comes from academic roots with forward-looking AI skills.”
Vendors were analyzed across four metrics including vendor stability, client strength, client service and product features. The report highlights that technologies such as automation, AI, and machine learning – core to Codoxo’s healthcare AI solution – are in high demand.
“Codoxo is a small but mighty technology solution, with AI in its DNA and powerful data analytics muscle wrapped in a user-friendly interface,” writes Inci Kaya, Senior Analyst & Author for Payment Integrity in Healthcare report. “Codoxo’s groundbreaking work helped build the Forensic AI Platform, which accurately and quickly detects risks and costs, especially those previously unforeseen. [Codoxo] is likely to disrupt the market between its strong data dashboard visualization capabilities and willingness to work with new accounts or potential accounts.”
Codoxo is rapidly growing at a time when healthcare fraud is staggering – with industry estimates of national fraud costing the nation about $114 billion annually – or about 3% of the nation’s $3.8 trillion in annual healthcare spending.
“We’re pleased to be represented so favorably in Aite Group’s report on payment integrity. Our healthcare AI solution is proven to exceed current standards for payment integrity technology, time to go-live, client focus and ROI,” said Dr. Musheer Ahmed, Founder and CEO, Codoxo. “Our patented, self-learning AI finds suspicious or erroneous claims that remained previously undetected by other methods. For many health payers, this adds up to millions of dollars saved in months – or even just weeks.”
To download a complimentary copy of the Aite Matrix: Payment Integrity in Healthcare report, please visit https://codoxo.ac-page.com/aite-matrix-payment-integrity.
Codoxo is the premier provider of artificial intelligence-driven applications and services that help healthcare companies and agencies quickly identify and act to reduce risks from fraud, waste, and abuse. Codoxo’s Healthcare Integrity Suite helps clients reduce risks and costs across network management, clinical care, provider education, payment integrity, and special investigation units. Our software-as-a-service applications are built on our Forensic AI Platform, which uses a patented algorithm to identify problems and suspicious behavior earlier than traditional techniques. Our solutions are HIPAA-compliant and operate in a HITRUST-certified environment. For additional information, visit http://www.codoxo.com.
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