Prevention is better than Cure !. Yes, this is true for most areas, including our own health and even medical claims processing.
Money lost by medical practices through inefficient existing processes places healthcare providers in considerable financial stress. Traditional cure procedures like audit, business process review with automated workflows offer some improvements. With advancements in Machine Learning, medical practices can now apply these technologies to proactively gain more insights on their claims data. They can now predict which claims have a high probability of getting rejected or delayed, so more focus can be placed on the correcting these claims before submission. Our ClaimsInsights application helps you:
- Predict collections
- Reduce errors and turnaround time
- Provide a higher clean claims rate
- Achieve better net collections