Latest news with #RFT
Miami Herald
27-05-2025
- Health
- Miami Herald
Ambience Healthcare's AI Platform Surpasses Clinician Performance by 27% in Medical Coding, Powered by New OpenAI Breakthrough
Ambience's latest AI model reduces coding errors and targets $266 billion in annual administrative waste SAN FRANCISCO, CA / ACCESS Newswire / May 27, 2025 / Ambience Healthcare today announced a major advancement in ambient AI, unveiling the first AI model that outperforms board-certified physicians in ICD-10 coding accuracy. Trained using OpenAI's Reinforcement Fine-Tuning (RFT) technology, Ambience's AI platform achieved a 27% relative improvement over physician benchmarks-reducing coding errors by approximately one-quarter and offering a powerful tool to tackle the $266 billion in annual administrative waste, including $19 billion in diagnosis coding & documentation substantiation errors. This new model identifies precise ICD-10 codes based on patient encounters, which feed into Ambience's 'coding-aware' scribe. By leveraging these codes first, the scribe generates a fully informed note-allowing clinicians to review and confirm accurate documentation and coding in real time. "Think of this technology as a scribe that fluently speaks both clinical language and the intricate healthcare billing rulebook from day one," said William H. Morris, MD, MBA, Chief Medical Officer of Ambience Healthcare. "Our platform helps clinicians finish their notes faster and ensures that revenue cycle teams receive cleaner, more accurate, and audit-ready charts." Ambience is live across inpatient, outpatient, and emergency settings at health systems throughout the United States, supporting over 100 medical specialties with real-time, compliant documentation. Clinicians at more than 40 organizations including UCSF Health, St. Luke's Health System, Houston Methodist, John Muir Health, and Memorial Hermann Health System leverage Ambience before, during, and after patient encounters to generate compliant documentation, alleviate burnout, and enhance care quality. How Ambience's "Coding-Aware" AI Scribe WorksAmbience Healthcare's platform streamlines the clinical documentation and coding process: Clinicians simply tap 'Record' on their device, conduct patient visits as usual, and then review a draft note, complete with suggested ICD-10 and CPT codes;Ambience integrates natively with major EHRs-including Epic, Oracle Cerner, and athenahealth-ensuring that after clinicians review and sign off, the complete and coded documentation is automatically filed back into the patient's record;By addressing coding at the point of care, Ambience eliminates downstream compliance issues and the time-consuming back-and-forth queries between clinicians and coding/billing departments. "We built for compliance at the core of our platform because health systems need assurance that AI technology in the workflow can stand up to audits, protect reimbursement, and support clinical documentation integrity," said Michael Ng, CEO and Co-Founder of Ambience Healthcare. "The stakes of getting this wrong are too high for compliance to be an afterthought." Validated Results with RFT TechnologyTo validate its AI's mastery of the "coding rulebook," Ambience assembled a "gold-panel" test dataset of complex clinical cases spanning multiple medical specialties. Each encounter was meticulously labeled by a consensus of four or more expert clinicians to establish a high-quality ground truth. "Reinforcement Fine-Tuning lets developers align powerful AI models with the precision and robustness that high-stakes domains like healthcare demand," said Shyamal Anadkat, Head of Startup Solutions at OpenAI. "Ambience's results show how RFT can lift the performance of AI systems in safety-critical environments". The Ambience model was benchmarked against 18 experienced, board-certified physicians on ICD-10 coding accuracy. The results were significant: Ambience's AI demonstrated a 27% relative improvement in coding performance compared to the expert physician baseline, suggesting the model could help eliminate up to one quarter of the coding errors even the most seasoned clinicians make. About Ambience HealthcareAmbience Healthcare is the leading AI platform for clinical documentation, CDI, and coding-built to ensure compliance, eliminate administrative burden, and improve care delivery. Trusted by top health systems across North America, Ambience's platform is live across outpatient, emergency, and inpatient settings, supporting more than 100 specialties with real-time, coding-aware documentation. The platform integrates directly with Epic, Oracle Cerner, athenahealth, and other major EHRs. Founded in 2020 by Mike Ng and Nikhil Buduma, Ambience is headquartered in San Francisco and backed by Andreessen Horowitz, OpenAI Startup Fund, Kleiner Perkins, and other leading investors. Media ContactKarina StabileAria Marketing for Ambience Healthcarekstabile@ SOURCE: Ambience
Yahoo
18-05-2025
- Business
- Yahoo
Investors Could Be Concerned With Rectifier Technologies' (ASX:RFT) Returns On Capital
There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. In light of that, when we looked at Rectifier Technologies (ASX:RFT) and its ROCE trend, we weren't exactly thrilled. We've discovered 3 warning signs about Rectifier Technologies. View them for free. Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. Analysts use this formula to calculate it for Rectifier Technologies: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.16 = AU$3.5m ÷ (AU$31m - AU$9.5m) (Based on the trailing twelve months to December 2024). Therefore, Rectifier Technologies has an ROCE of 16%. That's a pretty standard return and it's in line with the industry average of 16%. Check out our latest analysis for Rectifier Technologies While the past is not representative of the future, it can be helpful to know how a company has performed historically, which is why we have this chart above. If you want to delve into the historical earnings , check out these free graphs detailing revenue and cash flow performance of Rectifier Technologies. When we looked at the ROCE trend at Rectifier Technologies, we didn't gain much confidence. Over the last five years, returns on capital have decreased to 16% from 32% five years ago. Meanwhile, the business is utilizing more capital but this hasn't moved the needle much in terms of sales in the past 12 months, so this could reflect longer term investments. It's worth keeping an eye on the company's earnings from here on to see if these investments do end up contributing to the bottom line. Bringing it all together, while we're somewhat encouraged by Rectifier Technologies' reinvestment in its own business, we're aware that returns are shrinking. It seems that investors have little hope of these trends getting any better and that may have partly contributed to the stock collapsing 81% in the last five years. All in all, the inherent trends aren't typical of multi-baggers, so if that's what you're after, we think you might have more luck elsewhere. On a final note, we've found 3 warning signs for Rectifier Technologies that we think you should be aware of. For those who like to invest in solid companies, check out this free list of companies with solid balance sheets and high returns on equity. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
