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3M Acquires CodeRyte

April 10, 2012 News 1 Comment

3M announced this morning that it has acquired CodeRyte, which offers natural language processing and computer-assisted coding tools. 3M has offered CodeRyte’s computer assisted coding products to its own customers since 2009.

CodeRyte offerings include Health System Coding (natural language processing and coding workflows); CodeAssist (automated coding using extracted text from physician documentation); CodeComplete (outsourced coding services); and DataScout (analytics using information extracted from both structured and unstructured records.)

3M Health Information Systems VP/GM Jon Lindekugel was quote as saying in the announcement, “This acquisition allows us to apply CodeRyte’s leading edge NLP technology to our new 3M 360 Encompass System. We believe CodeRyte’s powerful NLP engine combined with 3M’s deep expertise in coding, reimbursement and patient classification will foster further innovation in the application of NLP.”

CodeRyte’s 130 Bethesda, MD-based employees serve 250 customers, which the company says represents 85% of academic medical centers that use computer-assisted coding.

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Currently there is "1 comment" on this Article:

  1. Coding Lady Says: CAC is certainly a hot technology these days. Seems like all the companies have been swallowed these applications up. And some enterprise vendors, like M*Modal (formally MedQuist), have had a CAC system for years.

    CAC is a must have technology for ICD-10. Finally, coders have a new technology to help them out – something they’ll certainly need in 2014.







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