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Insurance Discovery and Recovery

CAQH Index: Healthcare Claims Automation Could Save Industry $11B Annually

by Fred Pennic 06/15/2018 Leave a Comment

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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Inova Personalized Health Accelerator Invests in Prior Authorization Platform, CoverMyTest

by Fred Pennic 06/12/2018 Leave a Comment

Inova Personalized Health Accelerator Invests in Prior Authorization Platform, CoverMyTest

Inova Personalized Health Accelerator (IPHA), an unique program providing health IT entrepreneurs with C-suite coaches, early-stage capital and strategic partners, today announced it has invested in health IT startup CoverMyTest. The New York-based startup partners with labs to optimize and automate prior authorization (PAs) workflows.CoverMyTest is the only PA service provider solely focused on assisting laboratories offering genetic and genomic testing. This PA software comes at a critical
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