Fathom selected to exhibit autonomous coding platform at Vizient Innovative Technology Exchange

SAN FRANCISCO — July 31, 2024 — Fathom, the leader in autonomous medical coding, has been selected to exhibit at the Vizient Innovative Technology Exchange. Vizient, Inc., the nation's largest provider-driven healthcare performance improvement company, will hold the Exchange on Sept. 18 in Las Vegas.

The annual Innovative Technology Exchange offers selected suppliers the unique opportunity to demonstrate their product or service to supply chain and clinical leaders from Vizient's customer hospitals and subject matter experts who serve on their supply councils. Each product or service will showcase how it improves clinical outcomes, enhances safety, or drives incremental improvements to healthcare delivery or business models.

Fathom's autonomous coding platform, built on deep learning, empowers health systems and other provider organizations to overcome chronic workforce challenges and to strengthen both top and bottom lines. The technology delivers an average successful automation rate above 90% – nearly double that of any other technology in the market – across a broad set of medical specialties, generating industry-leading ROI. With Fathom, providers benefit from reduced costs, increased coding accuracy, reduced denials, improved revenue capture, and accelerated cash flow.

"Health systems across the nation are leveraging our technology to code tens of millions of charts with unparalleled accuracy and quality, and we're excited to bring those outcomes to the Vizient Innovative Technology Exchange," said Fathom CEO Andrew Lockhart. "Provider margins are razor thin, and leaders urgently need solutions that improve financial health and ensure operational stability. Our participation in the Exchange is a prime opportunity to demonstrate how our technology transforms revenue cycle management."

The annual Innovative Technology Exchange is part of Vizient's Innovative Technology Program that includes product reviews of supplier-submitted technologies by provider-led councils. Since 2003, Vizient has reviewed over 1,600 product submissions as part of its Innovative Technology Program. 

"The selection process for medical device and supply companies that exhibit at the Exchange is a rigorous one," said Kelly Flaharty, senior director of contract services, Vizient. "Companies showcase their products and services hoping to be awarded an Innovative Technology contract — a signal to healthcare providers of their solution's unique qualities."

About Fathom

‍Fathom is the nation's leading autonomous medical coding platform, an AI solution that fuses the best of deep learning and natural language processing to automate medical coding with unprecedented accuracy and efficiency. Fathom provides the highest automation rates and the broadest specialty coverage to help clients increase accuracy and speed while reducing costs.

Fathom is backed by world-class investors, including 8VC, Alkeon Capital, Cedars-Sinai, Founders Fund, GV, Lightspeed Venture Partners, and Tarsadia. For more information, visit fathomhealth.com and follow the company on LinkedIn.