Highlights : About Waystar
Revenue Analysis
Insurance Verification
Hidden Health Insurance Plan Coverage Detection
Maintain Revenue Integrity
Detect and Fix Medical Mistakes in Medical Coding and Claims
Automated Claims Management Workflows
Predict Claim Denial and Revenue Loss/Leakage
Denial Mitigation
Payer Contracts and Terms Analysis
Contract Modeling
Patient Payment Collection
Optimized Patient Financial Experiences
Product Details
Benefits
Automated Insurance Claims Management
Waystar is built with automated claims management workflows that accelerate insurance claim filing, review, submission, and monitoring. The platform has a claim scrubbing feature that permits users to check if their claims are accurate and error-free before they submit them to insurance companies and providers. It also sends messages that are written in plain English language, suggesting ways for rectifying issues, mistakes, and errors in claims.
Anticipate Claim Denial And Revenue Loss
The revenue cycle management platform is equipped with predictive capabilities. The platform uses machine-learning algorithms that can help users anticipate how likely their claims will be denied as well as predict instances of revenue loss that may happen. Because of this, they will be able to reduce denials and implement ways to avoid revenue loss and leakage.