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Health Populi December 18, 2024
MultiCare Health System pilots new AI tool for revenue cycle
Healthcare Finance News December 3, 2024
GenAI is expected to streamline documentation for appeals, providing faster reimbursement.
MultiCare Health System in Washington State is the first health system to pilot a new generative AI tool to streamline appeals in the mid-revenue cycle, according to AI technology company Xsolis.
The technology is used to create and submit appeal letters, saving administrative time and ensuring health plan appeal deadlines are met.
WHY THIS MATTERS
The bottom line is hospitals are reimbursed faster, Xsolis said.
Streamlining documentation in the revenue cycle eases clinical burden and saves money.
MultiCare Health System has partnered with Xsolis’ AI platform for operational and clinical efficiencies since 2017, increasing case review times by 150% and saving more than $8 million, Xsolis said.
THE LARGER...
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