NEW YORK — (BUSINESS WIRE) — Nym, the leader in autonomous medical coding, today announced that, for the third year in a row, it has been named to Digital Health New York’s (DHNY) Digital Health 100, which celebrates the most innovative and exciting health startups in New York.
DHNY recognized Nym for its multi-specialty autonomous medical coding solution and the impact it’s had on reducing costly administrative burdens associated with medical coding and billing. Powered by innovative Clinical Language Understanding (CLU) technology, Nym’s medical coding engine deciphers physician notes in patient charts and assigns medical billing codes for outpatient settings such as emergency medicine, radiology, and outpatient surgery, as well as inpatient settings such as inpatient professional fee (Profee) coding. The Nym engine codes patient charts in a matter of seconds with over 95 percent accuracy and zero human intervention, enabling healthcare providers to optimize resource allocation and reduce coding costs, the risk of denials, and missed revenue.
“It’s an honor to be named to the Digital Health 100 list for the third time and to be among such innovative, disruptive companies that are transforming healthcare,” said Julien Dubuis, Chief Commercial Officer at Nym. “The unrivaled access to talent and resources in New York has been critical to our success in growing Nym, expanding the capabilities of our engine, and delivering a solution that is improving payment cycles and driving efficiencies for over 250 healthcare facilities across the US. We take great pride in this and are delighted to be part of the inspiring health-tech community DHNY has cultivated in New York.”
DHNY publishes the Digital Health 100 in conjunction with the New York Healthcare Innovation Report, taking an in-depth look at investment trends, opportunities and challenges in the digital health sector. The annual list is based on a comprehensive analysis of the companies and people who are propelling New York forward as the capital of healthcare innovation.
“2024 marks the fifth year of the New York Digital Health 100 and, in that time, the digital health ecosystem in New York has significantly grown and evolved,” said Bunny Ellerin, co-founder and CEO, DHNY. “We are proud to recognize these exceptional organizations and commend them for their ongoing commitment to innovation, transformation, and the role they play in driving healthcare forward.”
About Digital Health New York (DHNY)
Digital Health New York (DHNY) is a connected community of digital health leaders who share ideas, spark new directions and create success across the entire ecosystem. As an organization, we seek to increase the visibility of New York City as a leader in healthcare innovation and showcase the companies and leaders creating the future of healthcare. Our flagship event, DHNY Summit, brings together an elite group of entrepreneurs, investors, payers, providers and executives to cultivate the New York digital health community and drive impactful conversations around the current and future state of digital health. DHNY was founded in 2022 in collaboration with AlleyCorp. For more information or to join DHNY’s mailing list, please visit www.dhny.co.
Nym is the leader in transforming clinical language into actionable information, which can remove inefficiencies that add billions to the cost of care. By combining industry-leading technology with clinical expertise and a deep understanding of medical language, Nym is able to accurately decode medical charts in a way that is fast, explainable, and compliant. The Company’s innovative solution for revenue cycle management (RCM) takes provider notes within patient charts and translates them into accurate diagnostic and billing charge codes, all within a matter of seconds and with zero human intervention. Along with over 95% accuracy, Nym’s RCM solution delivers audit-ready, traceable documentation for every code it generates, ensuring total visibility into why each code was assigned. The Nym solution can be quickly deployed and scaled based on volume and workflow needs, easing administrative burdens and allowing clinical teams to spend more time focused on patient care.
Based in New York City with R&D capabilities in Tel Aviv, Nym is building an interdisciplinary team of specialists including technologists, physicians, mathematicians, computational linguists, engineers, medical coders and more. Investors in Nym include Addition, GV, Bessemer Venture Partners, Dynamic Loop Capital, Tiger Global, Zach Weinberg and Nat Turner. To learn more about Nym, visit nym.health.