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Q7: Revenue cycle management tools that leverage advanced predictive analytics and artificial intelligence have been shown to generate what percentage average increase in collections?

Answer: Meduit’s MedProveTM suite of revenue cycle management tools leverage advanced predictive analytics and artificial intelligence to generate 18.4% average increase in collections.

Previous Questions

Q1: Where can artificial intelligence impact your healthcare revenue cycle?

Answer: MeduitAI solutions support revenue cycle solutions for:

  • Clinical coding
  • Pre-authorization
  • Claims follow-up
  • Predicting patient and payer actions
  • Solving specific task problems (SARA Family of Bots)

Q2: What is SARA - Meduit's newest AI solution?

Answer: SARA is short for Supervised Autonomous Revenue Associate. She is the first of Meduit’s family of web bots that are designed to solve specific revenue cycle tasks. SARA was developed to address a specific issue presented to Meduit by Blue Cross Blue Shield of North Carolina.

Q3: How much could providers save by automating eligibility and benefits verification via Al solutions?

Answer: By automating eligibility and benefits verification, providers could save $6.52 per transaction or just over $4 billion per year.

Q4: Meduit's new family of web bots is called SARA.  She does the work of how many employees?

Answer: SARA is doing the work of 12 full-time employees, delivering month after month with no downtime.

Q5: What percentage of healthcare leaders are looking to solutions that leverage artificial intelligence (AI) to support their operations?

Answer: 75% of healthcare leaders report that they are actively implementing or planning to execute an AI strategy to meet the demands of the current environment because of the speed, flexibility and scalability that AI solutions deliver.

AI needs to be a part of that broader AI strategy with its ability to generate more cash
faster and steadier right now. (Source: OptumIQ Annual Survey on AI in Health Care)

Q6: Where can artificial intelligence impact your healthcare revenue cycle?

Answer: MeduitAI solutions support revenue cycle solutions for:

  • Clinical coding
  • Pre-authorization
  • Claims follow-up
  • Predicting patient and payer actions
  • Solving specific task problems (SARA Family of Bots)

Artificial Intelligence (Al) is a game changer that delivers reduced human touches, increased efficiencies and lower costs. The MeduitAl suite of solutions elevates accounts receivable in order to accelerate cash to providers' bottom lines. MeduitAl includes:

S1

MedAutoCodeTM: Autonomous clinical coding that leverages Al and natural language understanding to eliminate manual processes and increase accuracy

S2

Voice Analytics: Analyzes collections calls to hospital and health system patients to drive better patient experiences on behalf of hospital and health system clients

S3

Automated Pre-Authorization: Automatically submits an authorization, including required clinical information, when triggered by a new order or schedule entry

S4

Automated Claims Follow-Up: Goes beyond a simple claim status to determine and execute the next action needed in order to get that claim resolved

MedProveTM

MedProve PatientTM: Predicts a patient's propensity to pay

MedProve PayerTM: Helps providers reduce denials by intervening with a claim before the payer can delay or deny the claim

MedProve CharityTM: Generates a presumptive score to help providers focus resources on patients most likely to qualify for charity programs