SpendMend Announces Latest Version Release of Medical Device Warranty Tracking Software

GRAND RAPIDS, MI / ACCESSWIRE / May 15, 2024 / SpendMend has unveiled version 3.0 of its Medical Device Warranty Tracking Software. This release significantly improves efficiency and streamlines workflows in healthcare administration. SpendMend is known for optimizing cost cycles within the healthcare sector.

The software automates the tracking of warranty credits for explanted medical devices, reducing the risk of fines and Medicare fraud. The new version integrates advanced AI, including deep learning and neural networks, increasing data extraction accuracy to 99.5%. These improvements transform document handling, enhancing precision and reliability.

Jeremy Toth, CTO of SpendMend, highlighted the integration of generative AI in enhancing OCR technology. "Our software now intelligently interprets and processes complex document structures," he stated. The software also simplifies data input and reduces user time per procedure, optimizing healthcare professional workflows and increasing patient care time.

This new software version is already in use by healthcare systems across the country and is available for general deployment.