Capabilities
Machinify Pay identifies cost avoidance and overpayments through the aggregate of four areas:
- Coding & Policy Edits: Real-time, autonomous claim evaluation/editing solution that covers complex data mining and code editing scenarios.
- Claim Repricing: Reprice claims based on contract and fee schedule source-of-truth, while identifying and fixing potential pricing errors.
- AI Concept Development: Leverage AI to discover new concepts and translate English-language policy rules into formal code for fast deployment.
- Self-Learning Feedback Loop: Outcomes-based feedback from claims corrected downstream to auto-train and refine concepts in market.
Benefits
Real-time editing
Machinify Pay is the most up-to-date payment system making real-time coding and policy edits against thousands of policies with built-in QA capabilities.
Autonomous repricing
Machinify Pay computes the right amount to pay for a claim at wire-speed utilizing ALL relevant payment rules and contract terms with 100% accuracy; eliminating the need for manually claim repricing.
Outsourced to insourced
Machinify Pay gives payers the ability to find payment errors at a fraction of the cost with dramatically reduced provider abrasion.
Eliminate claim backlog
Machinify removes payer's massive backlog of claims waiting for post-pay processing by dramatically increasing reviewer throughput through multi-faceted automation.
70%
Increase in savings
65%
Claims autonomously corrected and repriced
60%
Reduction in vendor payments
2X
Faster concept deployment