- Evaluate Build vs. Buy:
Choosing between developing an AI-enabled insurance verification automation system in-house or purchasing a ready-made solution like an AI Powered API depends on your organization’s resources and needs. Although it requires a large initial investment and continuous care, building offers proprietary control. Purchasing allows for quicker integration and assistance thanks to specialized solutions, which minimizes upfront costs and installation time.
- Taking Care of Cost and Efficiency:
The current techniques for verifying insurance come with a high price tag, a lot of inefficiencies, and mistakes in both digital and manual intake procedures. By automating verification activities, cutting operating costs, and decreasing errors with AI-driven accuracy and real-time validation capabilities, some organizations’ solutions claim savings of up to 60%.
- Future-Proof Solutions:
New solutions guarantee secure, reliable, and scalable insurance card verification and capture. By lowering administrative load for healthcare providers and improving efficiency, it offers a future-proof solution that can adapt to changing healthcare landscapes. Its high payer recognition rate and versatile data collecting from other sources outside insurance cards make it a valuable tool.
By contacting these organizations, you may expedite the insurance verification process and take advantage of their cutting-edge AI-powered solutions, which can result in instant cost savings and operational efficiencies.
Source: Orbit Healthcare