NEC X has announced a strategic investment in Reveleum, a health tech startup focused on revolutionizing how healthcare providers handle medical records. Reveleum, a recent graduate of NEC X’s Elev X! Ignite Venture Studio Program, is aiming to solve a critical challenge within the healthcare industry: the efficient, secure, and accurate management of patient records.
This investment, coupled with NEC X’s engineering support, will allow Reveleum to scale its technology platform. The platform aims to significantly improve operational efficiency, generate revenue, reduce costs, and enhance patient outcomes by streamlining workflows and information sharing across healthcare systems.
Reveleum’s platform has already demonstrated its potential for substantial cost savings. For example, in its first year of implementation at a 70-bed rural hospital, Reveleum identified over $250,000 in uncaptured Transitional Care Management (TCM) revenue. The solution also helped hospitals identify and prevent costly 30-day readmissions, potentially saving between $10,000 and $58,000 per case by reducing revenue losses.
Nationally, the Centers for Medicare & Medicaid Services (CMS) data highlights the scale of the problem. Only 18% of TCM visits are billed. Hospitals, on average, experience 17 readmissions per 100 Medicare discharges. This means that larger health systems, managing hundreds or thousands of cases, could potentially recover millions in lost revenue by adopting Reveleum’s platform.
“Reveleum exemplifies the transformative innovation that Elev X! Ignite was designed to support,” said Shintaro Matsumoto, President and CEO of NEC X. “By leveraging advanced technology, Reveleum is addressing one of the healthcare industry’s most critical pain points—ensuring that medical records are not just managed efficiently but also utilized effectively to improve outcomes. This is a groundbreaking leap for operational efficiency and patient care.”
Hospitals and clinics in the U.S. currently manage large volumes of medical records daily, often relying on outdated, labor-intensive systems such as e-fax. This manual, error-prone process results in missed billing opportunities, administrative delays, duplicated tests, and other inefficiencies that contribute to billions of dollars in annual costs. Due to legacy processes, healthcare leaders are facing significant challenges. The volume of e-faxes alone can be overwhelming, and many organizations struggle to accurately capture TCM reimbursements, often unaware of potential revenue losses.
Reveleum’s platform uses indexing and keyword processing powered by proprietary technology to automatically organize and convert medical records into a digital format that is easily searchable and scalable. Significant improvements have already been achieved with the platform, including an:
- 80% reduction in staff processing time
- 60% revenue growth in Transitional Care Management (TCM)
- 10% increase in patient visits
“Healthcare providers are burdened by the current inefficiencies of managing medical records, and these challenges often come at the expense of patient care,” said Dr. Sheldon Weiss, CEO and Co-founder of Reveleum. “With NEC X’s investment and expertise, we’re empowering healthcare organizations to break free from outdated processes, enhance revenues, reduce administrative overhead and focus on what matters most—delivering exceptional care.”
The timing of Reveleum’s solution is significant. Regulatory changes in the U.S. are driving the standardization and interoperability of medical records, pushing healthcare providers to adopt digital solutions like Reveleum to stay competitive and compliant. The global Electronic Health Records (EHR) market is projected to reach USD 43.62 billion by 2032.
To learn more about Reveleum’s approach to medical record automation, visit https://reveleum.com/.
