LexiCode Debuts New Computer Assisted Auditing Tool
Exela Technologies, Inc. (NASDAQ: XELA) has launched the LexiCode Audit Database (LAD) analytics tool, enhancing its coding audit process. This web-based solution provides real-time data entry, tracking accuracy ratings, and generating feedback summaries to improve coding quality and transparency. With its capacity to analyze over 660,000 accounts annually, the LAD tool aims to identify errors and client pain points, supporting customized education for approximately 1,400 coders. CEO Amy Boozer highlighted the tool's potential to provide valuable insights and enhance service quality for clients.
- Launch of LexiCode Audit Database (LAD) enhances coding audit efficiency.
- Real-time tracking improves quality and transparency of coding processes.
- Custom solutions based on analytics help maintain compliance for clients.
- None.
IRVING, Texas, Aug. 27, 2020 (GLOBE NEWSWIRE) -- LexiCode, an Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA) brand, today announced the availability of its LexiCode Audit Database (LAD) analytics tool, a web-based solution created to add value and efficiency to LexiCode’s audit process. As data is entered in real time, the system continuously monitors and creates accuracy ratings to increase quality and transparency by tracking all elements of the coding process. The solution serves as a differentiator for LexiCode in the coding process by automating the accuracy calculations in addition to generating daily feedback summaries for the coders.
The solution takes the audit trail a step further than coding by helping the audit team determine what errors are occurring, what pain points clients are experiencing, and allowing LexiCode to provide customers with data-driven feedback. From this data, LexiCode can build a custom solution that covers all record types, helping customers maintain compliance and providing visibility.
“We’re incredibly proud of LAD and the analytics that we’re able to generate for our customers and our coders,” said Amy Boozer, President, LexiCode. “Our coders and consultants work tirelessly to ensure that our coding services are high quality, and this tool helps provide them with the feedback used to develop customized education modules.”
LexiCode’s quality assurance team tracks over 660,000 accounts in its database each year and coded over 16.5 million records in 2019. The LAD reporting tool helps monitor the overall accuracy of these records, and creates a process to review and trend specific areas of coding needed to provide tailored education to LexiCode’s approximately 1,400 coders and consultants.
About Exela Technologies
Exela is a business process automation (BPA) leader, leveraging a global footprint and proprietary technology to provide digital transformation solutions enhancing quality, productivity, and end-user experience. With decades of experience operating mission-critical processes, Exela serves a growing roster of more than 4,000 customers throughout 50 countries, including over
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Media Contact: Kevin McLaughlin
E: kevin.mclaughlin@icrinc.com
T: 646-277-1234
Investor Contact: William Maina
E: IR@exelatech.com
T: 646-277-1236
FAQ
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