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  • Sectors Health Care
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Company Description

AI Healthcare Billing Automation – Optimizing Reimbursement and Reducing Overhead

Problem 1: Healthcare Providers Losing Revenue From Insurance Complexity – 1 in 5 health insurance claims are denied by Payers (Insurers) – $400B in lost provider revenue, annually Problem 2: Appealing Denied Claims is Inefficient and Costly – 65% of denied claims are never appealed – $8.6B in appeal related admin costs for healthcare providers DocVocate: AI-Based Platform that Automates Denial Management – Automatically flag and sort denials – Coding claims automation – Easily submit claims through 1 single platform – Predictive and descriptive claims analytics Early Adopter Results (averages) – 70% appeal success rate – 65% reduction in processing time