What's the impact of Fathom AI medical coding? ApolloMD's C-suite can tell you. Watch senior operations, IT, and quality leaders at ApolloMD describe their experience with Fathom autonomous medical coding. By implementing Fathom, this 1,500-physician, nationwide group has achieved industry-leading automation rates, significantly reduced costs, and relieved coding staffing challenges -- all while shortening coding turnarounds from days to hours. #medicalcoding #medicalbilling #revenuecyclemanagement #artificialintelligence #healthcare
Fathom
Hospitals and Health Care
San Francisco, California 5,573 followers
AI-powered medical coding automation
About us
Fathom is on a mission to structure clinical data to bring efficiency and efficacy to healthcare systems around the world. We are the leader in autonomous medical coding, applying cutting-edge deep learning and NLP to code patient encounters with the highest automation rates and the broadest specialty coverage. Our AI technology delivers reduced costs, increased accuracy, and rapid turnaround times. We are backed by world-class investors including Lightspeed, Alkeon Capital, Google Ventures, 8VC, and Stanford as well as leading health systems and healthcare executives such as Cedars-Sinai and Jonathan Bush.
- Website
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http://fathomhealth.com
External link for Fathom
- Industry
- Hospitals and Health Care
- Company size
- 51-200 employees
- Headquarters
- San Francisco, California
- Type
- Privately Held
- Founded
- 2017
- Specialties
- deep learning, artificial intelligence, revenue cycle management, medical coding, AI, software engineering, TensorFlow, big data, machine learning, automation, medical coding automation, autonomous medical coding, revenue cycle automation, and RCM automation
Locations
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Primary
51 Federal Street
Suite 204
San Francisco, California 94107, US
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26 Broadway
Suite 353
New York, NY 10004, US
Employees at Fathom
Updates
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Fathom reposted this
Thank you to our partner Fathom for joining the discussion today about how far we've come with medical coding, how far we have to go, and how to swiften the journey with automation. Great job, Amit Jayakar and Luke Anthony Peña with helping us talk through AI priorities, decison-making, barriers, and vendor needs all together!
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As Amanda de los Reyes, MBA, CRCR, VP Revenue Cycle at Valleywise Health, puts it, "there is no shortage of work in the revenue cycle, and the work is becoming increasingly complex." Health systems are turning more and more to automation for help in the revenue cycle. According to Alan Condon at Becker's Healthcare, 74% of health systems and hospitals are now automating parts of RCM and seeking buy-in on their AI projects. The key is to secure quick wins that demonstrate impact to build confidence. Here's how some leaders are doing this: 🌟 Increasing accuracy, from Dennis Shirley, VP Revenue Cycle at UnityPoint Health: "An ounce of prevention is worth a pound on the back end of the revenue cycle." In the context of coding, investing in AI for higher accuracy upfront saves time and effort downstream. 🌟 Freeing up resources, from Aaron Lewis, CFO at Lifepoint Health®: "It's about taking things away that are the lowest value, highest friction processes, and positioning people to be more impactful in other areas … A lot of it is on us as leaders to show our team we have the ability to do five other things we may not have had the time to get to previously because the technology has removed a lot of this other administrative work." 🌟 Reducing denials, from Amanda de los Reyes, MBA, CRCR, VP Revenue Cycle at Valleywise Health: "The best denial strategy is prevention." For example, by flagging deficient documentation immediately post-visit, autonomous coding enables earlier action to prevent denials. At Fathom, we see many health system clients demonstrating value in ways like these. Check out Alan's full article for more perspectives: https://lnkd.in/ggegp4eC #MedicalCoding #MedicalBilling #RevenueCycleManagement #ArtificialIntelligence #Healthcare
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⭐ Get to know Lara Megan Carrion, CPC, CRC, CEMC, the latest addition to our Coding Quality team! Meg is a Risk Adjustment Coding Advisor working with health plans and risk-bearing providers on autonomous risk-adjustment coding. With her whole career in medical coding, Meg's pretty much done it all — auditing, education, process design, and everything in between across primary care, specialty offices, and both inpatient and outpatient settings. But joining Fathom opened up a new chapter for her: bringing her risk-adjustment expertise to autonomous coding. "Educating and communicating are my happy places, and I've been lucky enough to have opportunities that have allowed me to hone these skills over the years … This new application of my coding knowledge allows me to reduce the burden on overworked providers and coders, something I am extremely proud of." Check out her blog to learn more about Meg and her decision to join Fathom: https://lnkd.in/eutUj3Q7 P.S. We're looking for a Medical Coding Auditor to join our Coding Quality team! If you're interested, check out the Careers page of our website (link in comments). #MedicalCoding #MedicalBilling #RevenueCycleManagement #ArtificialIntelligence #Healthcare
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The Health Management Academy’s latest quarterly update offers insights from CFOs at top health systems, shedding light on ongoing financial pressures and priorities. While operating margins are slowly improving, they’re still below pre-pandemic levels. And with patient volumes increasing, accurate coding is more important than ever for revenue. Meanwhile, rising costs — especially labor, with 89% of CFOs reporting workforce challenges — are prompting health systems to turn to AI for savings. In this context, it’s encouraging to see leaders adopting technologies like autonomous medical coding to help ease the burden while benefiting the top line. THMA’s survey reveals that 92% of health systems plan to increase their investment in AI. This trend echoes what we’re hearing from our clients, and we’re excited to see CFOs embracing technologies like Fathom to strengthen their operations. Read the full survey here 👉 https://lnkd.in/dPXeSdcQ What else from this survey stands out to you? #MedicalCoding #MedicalBilling #RevenueCycleManagement #ArtificialIntelligence #Healthcare
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Fathom reposted this
If you’re at Epic #UGM, come see Fathom for some great swag! And regardless, AI for medical coding is a huge win. The sooner humans can stop doing their own medical coding, the better off society will be. Thank you to Andrew Lockhart and the whole team!
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The Fathom team is having a great time connecting with health system leaders at the 2024 Epic Users Group Meeting (UGM) in Wisconsin! Want to score a pair of our custom Fathom Nikes, pictured here on Epic's campus? Catch up with Amit Jayakar and Andrew Lockhart in the middle of the Revenue Cycle exhibitor section for your chance to win shoes and other iconic swag, like our ICD-10 coding tees and crewnecks! #MedicalCoding #MedicalBilling #RevenueCycleManagement #ArtificialIntelligence #Healthcare #EpicUGM
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Fathom is thrilled to share that we've been invited to exhibit at the 2024 Epic Users Group Meeting (UGM) at Epic's headquarters in Wisconsin! UGM brings together an energetic community of leaders from health systems across the country to exchange insights, learn from peers, and hear the latest from Epic. Look out for Andrew Lockhart, Fathom's CEO, and Amit Jayakar on the ground in Verona. Swing by our booth for some epic (heh) swag -- including custom Nikes -- and to learn about how our autonomous coding reduces costs, increases accuracy, and improves revenue capture, all while backed by industry-leading SLAs. Book time with us in advance: https://lnkd.in/e6fVXh5D #EpicUGM #MedicalCoding #MedicalBilling #RevenueCycleManagement #ArtificialIntelligence #Healthcare Epic is a registered trademark of Epic Systems Corporation.
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What will the medical coding function look like in the near future? At a fireside chat with Yogin Patel, MD, MBA, CEO of ApolloMD, at the International Performance Management Institute (IPMI) Healthcare Finance Institute this past April, Andrew Lockhart, CEO of Fathom, shared an outlook on how the world of medical coding will change. Hear more about why "everyone needs to be prepared for this world of infinite capacity for information work" in this short clip. #MedicalCoding #MedicalBilling #RevenueCycleManagement #ArtificialIntelligence #Healthcare
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A recent McKinsey & Company survey found that while 88% of healthcare leaders recognize AI's potential, 20% still haven't taken steps to plan their investments. For forward-thinking organizations, this is a prime opportunity to gain an edge. Here's why: ⭐ Delivering immediate ROI: Despite 51% of health system leaders citing budget constraints as a challenge, investments in AI technology, such as autonomous coding, can bring savings right away. With coding costs per-encounter below that of manual coding, autonomous coding delivers positive ROI from day one with no additional budget needed. ⭐ Proving success: Among 12 investment areas, revenue cycle management ranked #2 for satisfaction by health system executives, highlighting the impact of AI in RCM. ⭐ Laying the foundation for AI: Starting with autonomous coding is a great way to make the case for an enterprise-wide AI strategy. By demonstrating quick wins through use cases that deliver immediate results, you build the momentum for broader AI adoption across the organization. At Fathom, we've witnessed firsthand how technology like AI coding reduces costs, improves accuracy, and strengthens revenue capture for health systems. If you're curious to learn more about the potential benefits for your organization, let's connect. Thank you to Jack Eastburn, Jennifer Fowkes, Karl Kellner, and Brad Swanson for their insights! Check out the full survey here: https://lnkd.in/eMV_5h7h #MedicalCoding #MedicalBilling #RevenueCycleManagement #ArtificialIntelligence #Healthcare
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