Butterfly Network Launches Compass AI: Enterprise Platform to Boost POCUS Documentation Compliance, Revenue

Butterfly Network Inc. (NYSE:BFLY) is one of the best NYSE penny stocks to invest in right now. On November 17, Butterfly Network announced the launch of Compass AI. This latest generation of its enterprise software platform is an AI-powered operating system designed to transform point-of-care ultrasound/POCUS programs for health systems, making them compliant, scalable, and revenue-ready by reducing workflow friction.

Compass AI replaces traditional, radiology-style, order-based POCUS workflows, which often lead to documentation delays, skipped orders, and subsequently, many exams being undocumented, unreviewed, or unreimbursed. These conventional methods typically capture only about 15% of compliant studies, which means that up to 85% go unbilled.

Butterfly Network Launches Compass AI: Enterprise Platform to Boost POCUS Documentation Compliance, Revenue

The new AI-enhanced, encounter-based workflow is purpose-built for POCUS, which enables documentation compliance rates of up to 94% without increasing clinicians’ workload. This transformation can translate into as much as 5x more revenue from the same clinical volume by capturing value that was previously missed.

Butterfly Network Inc. (NYSE:BFLY) develops, manufactures, and commercializes ultrasound imaging solutions in the US and internationally.

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Disclosure: None. This article is originally published at Insider Monkey.