Ambience Healthcare announced Tuesday a new artificial intelligence model for medical coding that outperformed doctors by 27% in accuracy, according to CNBC. The breakthrough marks a leap forward in reducing administrative burdens in health care. The startup uses OpenAI technology to train its model, which listens to patient visits and identifies diagnosis codes in real time, streamlining billing and reporting tasks. Ambience says its AI tool supports doctors and coders by reducing administrative work and improving healthcare quality, without replacing them. Ambience is backed by investors like Andreessen Horowitz and the OpenAI Startup Fund and is reportedly seeking funding at a valuation exceeding $1 billion.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Ambient's Healthcare announced Tuesday a new artificial intelligence model for medical coding
00:06that outperformed doctors by 27% in accuracy, according to CNBC.
00:11Breakthrough marks a leap forward in reducing administrative burdens in healthcare.
00:15Startup uses OpenAI technology to train its model,
00:17which listens to patient visits and identifies diagnosis codes in real time,
00:21streamlining billing and reporting tasks.
00:24Ambient says its AI tools supports doctors and coders
00:26about reducing administrative work and improving healthcare quality
00:29without replacing them.
00:30Ambient is backed by investors like Anderson Horowitz
00:33and the OpenAI Startup Fund,
00:35and is reportedly seeking funding at a valuation exceeding $1 billion.
00:39For all things money, visit Benzinga.com slash GSTV.