Waystar introduces an AI tool to help hospitals manage insurance claim denials efficiently
Louisville: Waystar just launched a new AI tool called AltitudeCreate. This tool is designed to help hospitals deal with the hassle of insurance claim denials. It’s a big deal because hospitals spend around $20 billion each year trying to overturn these denied claims.
Waystar’s CEO, Matt Hawkins, mentioned that they want to make life easier for people during stressful healthcare moments. The new tool can automatically draft appeal letters, which saves time and reduces the headache of sorting through complicated contracts.
Hawkins also shared that they’ve been working on this for about six to eight months. They partnered with Google Cloud earlier this year to explore various AI applications, and tackling claim denials was one of their main focuses.
With over 450 million claims denied annually, this tool could really help. It’s part of a larger suite of AI offerings from Waystar, which they rolled out recently. They aim to make this feature available to more organizations soon.
In a world where healthcare can be so confusing, this new tool could be a game-changer for hospitals and patients alike. It’s all about reducing the stress and making the process smoother.
