Miami, United States
The systemic issue of poor documentation and coding by healthcare providers leads to erroneous Risk Scores, resulting in substantial underpayment and misallocation of funds, amounting to tens of billions of dollars annually. CARAT tackles these challenges by identifying documentation and coding omissions in real-time during provider-patient encounters, allowing proactive error correction. Furthermore, it automates retrospective reviews, reducing the need for costly manual labor for health plans, ACOs, MCOs, and providers.
The company secured a Venture Round investment on 01 April 2020, with participation from Sopris Capital and Kormeli as investors. Cybexys, Inc. aims to address critical inefficiencies in risk adjustment processes within the healthcare industry, positioning itself as a promising investment opportunity in the health tech sector.
