The average U.S. hospital operates on a 1.6% margin – meaning they live paycheck to paycheck – and struggles to get paid fairly for the care they provide. Generating accurate and complete receipts requires both an understanding of the nuances of clinical care and a strong grasp of complex, esoteric medical billing rules. On top of that, well-resourced insurance companies use layers of sophisticated AI tools and teams of expert physicians to validate receipts.

SmarterDx builds clinical AI that understands clinical thought and helps empower hospitals to review 100% of patient charts for 100% accuracy.  Developed in-house by physicians and data scientists, their powerful AI helps hospitals tell the most accurate and complete story of care delivered for each patient, and in turn, capture an average of $2 million of net new revenue per 10,000 patient discharges and improve quality of care scores.

https://www.smarterdx.com/

Year partnered
2024
Status
Active
Michael Gao, MD
CEO & Co-Founder
CEO & Co-Founder
Michael Gao, MD

Prior to SmarterDx, I was a hospitalist who also led applied AI at NewYork-Presbyterian. I observed that, despite significant investment in documentation improvement and coding, manual reviews done by the physicians on the quality review team always found more opportunities — but they could only review a small slice of charts and were expensive to employ for this administrative task. My fellow co-founders, Joshua Geleris, M.D., and Nathan Perilo, and I started building clinical AI to help hospitals review 100% of charts and achieve 100% accuracy, enabling them to safeguard millions in revenue leakage and ensure that care quality is accurately represented.Michael Gao, MD, Co-founder and CEO

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