PhyxUp Health launched PhyxUp Billing, an AI-powered tool designed to automate revenue cycle workflows for remote therapeutic monitoring.
The platform supports six RTM CPT codes and automatically populates more than 30 claim fields. Its billing “engine” runs more than 40 validation checks before submission across patient information, insurance data, CPT codes, ICD 10 diagnosis codes, dates of service and RTM specific billing requirements, according to a Sept. 4 news release from the company.
During a two-month pilot, the average claim preparation time decreased from approximately 10 minutes to about three minutes per patient. PhyxUp also reported a claim success rate of up to 96% during the pilot period.
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