What You Should Know:
- Nirvana, a health tech startup leveraging AI to revolutionize insurance verification and eligibility secures $24.2M in Series A funding led by Northzone, a global VC firm, with participation from Inspired Capital, Eniac Ventures, and Surface Ventures.
- Nirvana's successful Series A funding round highlights the growing recognition of the need for transparency and efficiency in healthcare billing.
Transforming Healthcare Billing
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insurance authorizations
CAQH Index: Healthcare Claims Automation Could Save Industry $11B Annually
The U.S. healthcare industry made a modest amount of progress in healthcare claims automation, but a significant opportunity to save $11.1 billion annually remains, according to new data released today in the fifth annual CAQH Index. The report shows increased use of some manual transactions – primarily via web portals – resulting in a reversal of gains made for some of those transactions in previous years and the increase in potential savings. The $11.1 billion industry savings opportunity is
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Survey Reveals 2 Ways Hospitals Can Generate More Revenue from Referring Physicians
A survey of independent physician revealed that convenience and communication are critical attributes for deciding where they’ll send their patients. Functions like self-scheduling, assistance confirming insurance network participation and obtaining insurance authorizations are the patient-focused care coordination support physicians are looking for. SCI Solutions analyzed the findings from Reaction’s (formerly peer60) survey in the report, “Independent Physician Survey: The Referral Destination
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