FOR IMMEDIATE RELEASE
Codoxo Named Finalist in 2023 Technology Association of Georgia (TAG) Technology Awards
Healthcare AI software company receives finalist nomination in the Innovation Driven Company category
Duluth, Ga. (April 11th, 2023) – Codoxo, a trusted provider of healthcare artificial intelligence solutions for healthcare payers, agencies and pharmacy benefits managers (PBMs), today announced that it has been named a 2023 Technology Association of Georgia (TAG) Technology Awards finalist in the Innovation Driven Company category. The TAG Technology Awards promote and celebrate the inclusive technology community throughout Georgia, and the Innovation Driven Company category recognizes Georgia companies that have developed an innovative technology solution or are using existing technology in an innovative way.
“It’s a tribute to our amazing team that Codoxo is being recognized by TAG for using AI technology to help companies around the country address the widespread problems of payment integrity and fraud, waste and abuse in healthcare,” stated Dr. Musheer Ahmed, CEO and Founder of Codoxo. “We are at the forefront of AI innovation with our Unified Cost Containment Platform as it empowers healthcare payers, agencies and PBMs to take a more proactive and holistic approach to cost containment, ultimately making healthcare more affordable.”
Codoxo’s Unified Cost Containment Platform built on its proprietary Forensic AI Engine has been used by healthcare organizations across the country to identify more than $550 million in savings, significantly reduce false positives in fraud detection, and capture 97% of fraud, waste, abuse, and error exposure.
Codoxo’s upward trajectory within the growing healthcare cost containment industry is further underscored by several recent awards and accolades. The company captured the No. 20 spot in the Inc. 5000 Regionals Southeast list, was awarded the 2022 Fierce Healthcare Innovation Award in the Data Analytics/Business Intelligence category, and was recognized by Aite Group in the “Aite Matrix: Payment Integrity in Healthcare” Report as a “mighty player,” with “AI prowess” as an industry differentiator, among several others.
In the healthcare industry, fraud, waste and abuse is a multi-billion-dollar problem, accounting for as much as 10% of the $3.8 trillion spent on healthcare each year. It has commanded the attention of healthcare executives who want money-saving solutions driven by AI, like that from Codoxo, to help identify and reduce risk and contain healthcare costs.
With a mission to make healthcare more affordable and effective for everyone, Codoxo is the premier provider of artificial intelligence-driven solutions and services that help healthcare companies and agencies proactively detect and reduce risks from fraud, waste, and abuse and ensure payment integrity. The Codoxo Unified Cost Containment Platform helps clients manage costs across network management, clinical care, provider coding and billing, payment integrity, and special investigation units. Our software-as-a service applications are built on our proven Forensic AI Engine, which uses patented AI-based technology to identify problems and suspicious behavior far faster and earlier than traditional techniques. Codoxo is a Fierce Healthcare Innovation Award winner and has been recognized by the Inc. 5000 Regionals list for growth. Our solutions are HIPAA-compliant and operate in a HITRUST-certified environment. For additional information, visit www.codoxo.com.
For More Information Contact: