DocUX
AI for real time clinical documentation
Introduction
Our innovation solution is a secure cloud-based software that uses AI to capture clinical encounters and optimize documentation, billing and clinical care. DocUX will be an effortless user experience that uses ambient dictation and optimization of clinical notes as well as revenue capture.
Problem
Generating clinical documentation is arduous, inaccurate, and does not optimize billing. Arduous User Experience (UX) leads to provider dissatisfaction and poor quality of care. Inaccurate and incomplete documentation leads to loss of revenue via billing/coding inaccuracy and delay.
The data:
- 3-5% Lost Revenue Lost charges, due in part to insufficient clinical documentation and inaccurate coding, cause hospitals to lose 3-5% of their revenue each year.
- $125 Billion Doctors in the U.S. leave approximately $125 billion on the table each year due to poor billing and coding practices.
- The US healthcare system loses up to $935 millon a week because of medical billing errors.
- Physician burnout is an epidemic in the U.S. health care system, with nearly 63% of physicians reporting signs of burnout such as emotional exhaustion and depersonalization at least once per week.
Opportunity
Secure cloud-based software that uses AI to capture clinical encounters and optimize documentation, billing and clinical care. DocUX will be an effortless user experience that uses ambient dictation and optimization of clinical notes as well as revenue capture.