HIT Consultant November 25, 2024
What You Should Know:
– 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: Revolutionizing the Denial Appeal Process for Healthcare Efficiency
Cofactor AI’s Cofactor Denial Suite redefines the claims denial appeal process by integrating seamlessly...
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