The solution, announced Tuesday, aims to help hospitals, surgery centers and physician practices improve collections from payers.
Ultimately, the solution identifies, quantifies and collects additional revenue available from health insurance claims that have already been fully pursued by the current RCM processes, according to a news release.
Announcing the new solution, Carl R. Noback, MD, CMO of ALLYNE, said, “Payer contracting complexity and ever-changing regulatory, reimbursement and technology requirements lead to even the most sophisticated healthcare providers not collecting the full amount due from payers. In fact, we estimate that over $125 billion due to providers and facilities goes uncollected each year. Identifying this pain point in the market led to the development of the proprietary LOC Solution to help our clients increase collections from payers.”
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