SmarterDx
Newcomer – Startups
OVERVIEW: SmarterDx is revolutionizing hospital revenue integrity with its physician-designed clinical AI, delivering 100% chart accuracy to recover millions in lost revenue while enhancing quality care scores. Developed by hospitalists from NewYork-Presbyterian and Columbia University Irving Medical Center, SmarterDx addresses inefficiencies in second-level CDI chart reviews, automating the analysis of 30,000 data points per chart and identifying missed diagnoses undetected by human review.
IMPACT ACHIEVED: The solution empowers hospitals to realize $2 million in net new annual revenue per 10,000 discharges on average, with no impact on discharged, not final billed (DNFB). Operating on a contingency model, SmarterDx ensures hospitals only pay for approved and billed findings, aligning incentives and maximizing financial returns. With adoption in over 20 leading health systems nationwide, SmarterDx is meeting a critical need for hospitals struggling with razor-thin margins in a post-pandemic environment.
DISTINCTIVE EDGE: Customers are overwhelmingly satisfied: in its 2023 KLAS Emerging Solutions Spotlight, 100% of clients reported immediate results and recommended SmarterDx. With a total addressable market of $1.5 to $2 billion, SmarterDx is poised for scalable growth, delivering vital revenue streams while empowering clinical teams to focus on delivering better patient care.