Healthcare IT Today January 21, 2025
Cofactor AI is Leveling the Playing Field in the AI Arms Race Between Payers and Providers
Hospitals across the country are facing an ever-increasing onslaught of claims denials from insurance companies, with denials up 20.2% in 2023, according to the American Hospital Association. These denials – triggered by AI and often error-prone – cost hospitals $20 billion a year in administrative bloat and reduce patients’ access to quality care.
To help hospitals fight back, Cofactor AI today introduced a new first-of-its-kind AI-powered platform to easily, quickly, and successfully appeal denials. Cofactor AI also announced a $4 million seed funding round led by Drive Capital.
Cofactor AI’s platform, Cofactor Denial Suite, integrates with EHR systems and clearinghouses and instantly finds the...
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