Claim Payment Acceleration
What does the Claim Payment Accelerator do?
- Claim to cash data (Claim & remittance advice) is used to power sophisticated algorithms, where we rate a Claims’ propensity to pay and predict the speed of payment
- Because we are able to accurately model the behavior of the claim, we are able reimburse the Provider prior to Payor claim adjudication
- Unlike industry standards for financing (Line of Credit or Factoring), using the Claim Accelerator will allow us to pre-pay Providers on a selected Claim quickly, with a target of the next business day after submission. This is at a fraction of the cost of other financing options
- Claim Acceleration avoids one of the major pitfalls of using a Line of Credit (LOC) or Factoring, the exorbitant cost
- Unlike LOCs or Factoring, if we received more than expected, we provide bi-directional recourse, meaning if we underestimate a claim and it is reimbursed at a higher level than expected, we return the overage to the Provider
How does the Claim Accelerator work?
We utilize your claim history to power the Claim Payment Accelerator.
Our systems are bank agnostic; therefore, we can take files from any bank, lockbox, or current vendor you may be currently using
However, if you do not have a current automated solution, and your team is manually performing the claim-to-cash reconciliation, we can also help automate your process
