Montecito Medical™ created Calm Waters AI, a sister company offering an AI-powered evaluation and management (E/M) coding solution that increases healthcare provider revenue by improving coding accuracy, saving time, reducing rejections, and reduces the likelihood of coding checks.
Calm Waters AI joins a growing platform of AI-driven solutions powered by Montecito that enable physicians and provider groups to increase revenue, reduce costs and build wealth.
“Our company has always been guided by a simple, overarching philosophy,” said Chip Conk, CEO of Montecito Medical. “Physicians care for everyone. Montecito cares about helping physicians make the most of their opportunities in medical real estate. Calm Waters reflects the growing number of ways we care about physicians by providing technology solutions that help them build stronger practices and better serve patients.
“We’re particularly excited about Calm Waters because it addresses challenges that directly impact every vendor’s bottom line. It’s nothing short of a breakthrough in defensive E/M coding.”
E/M coding, a key process used by providers to support medical billing, is now primarily performed manually by staff. Manual coding is time-consuming and exposes each medical record to unsupervised, subjective interpretation by coders – resulting in underbilling and reduced reimbursement, as well as inconsistencies that lead to payer denials and audits.
“Providers face a serious shortage of coding staff,” said Joe Ferro, President of Calm Waters AI, who has nearly 25 years of experience in healthcare information technology, coding and revenue cycle management. “In fact, there are currently 15 job openings for every qualified programmer, and 60 percent of every programmer’s time is spent on E/M leveling. Calm Waters levels a chart in milliseconds and with greater accuracy than a human. About this platform. ..
