New Wolters Kluwer Health Language Solution Is Purpose-Built to Transform the Risk Adjustment Market
Wolters Kluwer Health today announced the launch of the Coder Workbench, a high-productivity Risk Adjustment solution built on the Health Language Data Platform that optimizes medical record review for risk adjustment workflows. The tool improves coder efficiency 20-40%*, with embedded Medicare Advantage business intelligence, intuitive workflows, and intelligent chart organization features. The Coder Workbench application in the Health Language Risk Adjustment Suite brings together semantically enriched medical terminology with clinically intelligent natural language processing (NLP) technology to automate the identification of valuable patient health insights in medical records.
Key features of Coder Workbench include:
Reimagining risk adjustment with clinically tuned technology
According to new data from the Centers for Medicare & Medicaid Services (CMS), enrollment in Medicare Advantage has topped 30 million, drawing increased regulatory scrutiny with a special focus on risk adjustment data validation (RADV). Following the final rule from CMS on RADV audits, published on January 30, 2023, Medicare Advantage insurers should consider solutions that can improve coding accuracy and mitigate their risk of noncompliance and related fines.
"The Coder Workbench is purpose-built to transform the current risk adjustment process, which is generlly time-consuming and error-prone even with the application of existing technology which continues to fall short," said Anne Donovan, Vice President and General Manager, Health Language, Wolters Kluwer Health. "The combination of our clinical experience and proprietary terminology engine enables us to deliver a superior solution trained in medical nuance, making it uniquely capable of meeting both current and future needs of our health plan customers."
Wolters Kluwer Health provides trusted clinical technology and evidence-based solutions that engage clinicians, payers, patients, analysts, researchers and students in effective decision-making and outcomes across healthcare. The division of Wolters Kluwer supports clinical effectiveness, learning and research, clinical surveillance and compliance, as well as data solutions.
*Based on internal testing
About Wolters Kluwer
Wolters Kluwer (EURONEXT: WKL) is a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk and compliance; and legal and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services.
Wolters Kluwer reported 2022 annual revenues of €5.5 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 20,000 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.
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