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Infinx Reduces Errors, Turnaround Time, and Staff Burdens for RCM

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Manage episode 415484194 series 3255313
Content provided by John Lynn. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by John Lynn or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Many factors make revenue cycle management (RCM) a big headache for U.S. health care providers. Aakarsh Sethi, Senior Product Manager at Infinx, lists the forms of "fragmentation" in payments: not just many different payers, but different plans with different coverage at each payer, along with pharmacy benefit managers (PBMs) and other third party managers, and rules that are constantly changing. Infinx (pronounced "in-fin-ex") works currently with more than 4,000 providers, applying machine learning to automate RCM. Stuart Newsome, VP of Marketing at Infinx, describes the company's "intelligent payer mapping," an LLM-based service that determines whether a procedure needs prior authorization, and then whether the patient's condition and symptoms meet payer guidelines. Infinx is taking a novel approach to mapping out a healthcare organization's payers to make sure the list of payers is updated properly. It's done with a multi-modal approach, where the system cascades through clearinghouse connections with payer portal automations to fill in the gaps. Learn more about Infinx Healthcare: https://www.infinx.com/ Health IT Community: https://www.healthcareittoday.com/

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561 episodes

Artwork
iconShare
 
Manage episode 415484194 series 3255313
Content provided by John Lynn. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by John Lynn or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Many factors make revenue cycle management (RCM) a big headache for U.S. health care providers. Aakarsh Sethi, Senior Product Manager at Infinx, lists the forms of "fragmentation" in payments: not just many different payers, but different plans with different coverage at each payer, along with pharmacy benefit managers (PBMs) and other third party managers, and rules that are constantly changing. Infinx (pronounced "in-fin-ex") works currently with more than 4,000 providers, applying machine learning to automate RCM. Stuart Newsome, VP of Marketing at Infinx, describes the company's "intelligent payer mapping," an LLM-based service that determines whether a procedure needs prior authorization, and then whether the patient's condition and symptoms meet payer guidelines. Infinx is taking a novel approach to mapping out a healthcare organization's payers to make sure the list of payers is updated properly. It's done with a multi-modal approach, where the system cascades through clearinghouse connections with payer portal automations to fill in the gaps. Learn more about Infinx Healthcare: https://www.infinx.com/ Health IT Community: https://www.healthcareittoday.com/

  continue reading

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