CNBC January 13, 2025
Key Points
– Waystar announced a new generative AI feature that aims to help hospitals quickly fight insurance denials.
– The company’s new solution, called AltitudeCreate, uses generative AI to automatically draft appeal letters, which can be costly and time-consuming to put together manually.
– Claim denials have been the subject of scrutiny in the U.S. following the deadly shooting of UnitedHealthcare CEO Brian Thompson.
Health-care payments company Waystar on Monday announced a new generative artificial intelligence tool that can help hospitals quickly tackle one of their most costly and tedious responsibilities: fighting insurance denials.
Hospitals and health systems spend nearly $20 billion a year trying to overturn denied claims, according to a March report from the group purchasing...
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