Austin, TX – (October 25, 2022) RadPayor, one of the most dynamic end-to-end revenue cycle management solutions for the radiology industry, announced today that Commonwealth Radiology, a prominent imaging practice in Central Virginia, is now live on the RadPayor coding solution.
"Commonwealth is a well-established enterprise who understands the importance of accurate coding in today's complex and ever-changing revenue cycle," said Dan O'Meara, Executive Director of RadPayor, "We very much appreciate the trust they have placed in RadPayor and we are confident our technology will contribute to a productive and profitable environment for them moving forward."
O'Meara noted that while Commonwealth has only been on the RadPayor solution for a short time, they are already experiencing a significant increase in coding production. On average, the enterprise is coding 179 reports every hour. He credits RadPayor's Smart Mapping and Smart Signal proprietary technologies as making an early positive impact. Smart Mapping automatically turns charting notes into applicable ICD-10 codes, and Smart Signal identifies billing errors so they can be corrected in real-time, resulting in a clean claim and a faster rate of reimbursement.
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Commonwealth provides a comprehensive range of abdominal, breast and musculoskeletal imaging, as well as neuroradiology, nuclear medicine, pediatric, vascular and interventional radiology services to eight medical and emergency care centers throughout Greater Richmond. They also provide services to an additional six outpatient imaging centers in the area.
About RadPayor
RadPayor is where radiology and revenue meet. The RadPayor solution is at work at radiology practices across the country, providing automated coding workflows backed by certified radiology coders. RadPayor’s robust reporting capabilities, combined with proprietary Smart Mapping and Smart Signal technologies, turn charting notes into applicable ICD-10 codes and automatically identifies billing errors resulting in clean claims for faster reimbursement. Some practices have reduced billing rejection rates to less than one percent. RadPayor is a part of the MedInformatix technology platform.
