Problem Statement

Owing to the lack of real-time view of the financial data, there is an increased delay in the billing and insurance cycle. Advanced financial analytics has many advantages including – early detection of fraud and abuse, prevent errors in billing and will help in risk-based reimbursements.

This platform also supports patient centric immutable health record to access complete clinical history of the patient anywhere in the world to support personalized and real-time evidence based medicine / treatment. This system also supports to join the participants of healthcare spectrum like Patients, Hospitals, Life science agencies , independent service providers, device manufacturers, pharmaceuticals, insurers and government agencies to provide effective and coordinated care

FACT SHEET

$4.9 million

average revenue lose per US hospital due to denials

$118

spend roughly per claim on appeals as much as $8.6 billion in administrative costs nationwide

63%

percent of denied claims are recoverable on average

90% More

Hospitals Write Off Claim Denials. Costing up to $3.5M

BENEFITS

  • Revenue cycle management
  • Fraud detection
  • Risk adjustment
  • Claims processing
  • Faster payment and reimbursements
  • Reduction in financial wastage and abuse

Our Features

  • Secure and immutable and completely auditable HIE
  • Helps to eliminate 3rd party HIE vendors
  • Complete immutable Patient centric Health records
  • A platform to participate secure HIE for advancing Clinical analytics and research

Other products that might interest you…