Berkeley-based startup Captricity is looking to capitalize on the ACA-mandated transition to electronic health records (EHR).
Captricity, helmed by CEO Kuang Chen, is a “crowd-guided machine learning and computer vision platform” designed to convert records of all formats into easy-to-use digital records that can be imported into a variety of systems for internal use.
The system utilizes a “shredding” process in which uploaded records are divided into minute pieces of data and converted using a special set of algorithms and, when necessary, human entry. The process allows Captricity to comply with federal privacy standards, including HIPAA compliance. The converted data is then reassembled into a secure digital record that the subscriber can download or import as needed.
In addition to basic Latin characters, Captricity is capable of converting any non-Latin based languages that can be entered into a computer. The company also offers 24/7 access from anywhere in the world, via cloud-based platforms such as Dropbox as well as mobile applications currently available for iOS devices. Much like mobile check deposit (and protected by the same levels of encryption), Captricity allows mobile users to upload photos of documents for conversion.
Subscription to Captricity can allow backlogged health systems to quickly come into ACA compliance regarding EHR without sacrificing the integrity of the data or dedicating countless person-hours to manual conversion. Furthermore, Captricity can improve the accuracy of medical billing and coding by properly converting often illegible doctors’ notes in order to reduce the number of costly coding errors.
Captricity offers a pay-as-you-go service and graduated subscription services that increase the monthly page limit, length of data availability, and available features. Prices for paid subscription begin at $75/month.
Healthcare providers and medical billing and coding companies can greatly benefit from services like Captricity, but may lack the cash flow to make an upfront investment in the service. Medical billing and medical coding factoring offer access to immediate cash that these companies can then use to ease the transition to EHR in their own firms. PRN Funding has more than a decade of experience with medical coding and medical billing factoring programs, and can help your company get started today.