IBM
Case Studies
Revolutionizing Healthcare Claim Denials: Advent Health Partners' 500% Productivity Lift
Overview
Revolutionizing Healthcare Claim Denials: Advent Health Partners' 500% Productivity LiftIBM |
Application Infrastructure & Middleware - Database Management & Storage Platform as a Service (PaaS) - Application Development Platforms | |
Finance & Insurance Healthcare & Hospitals | |
Time Sensitive Networking Usage-Based Insurance | |
Cloud Planning, Design & Implementation Services | |
Operational Impact
The implementation of CAVO has transformed the way appeals, documents, and information is managed, generating valuable returns for its customers. It has allowed Advent to be highly competitive in the saturated denial of claims market, as it can review and process claims denial cases much faster than other service providers. The improved efficiency has also delivered impressive savings on the highly-skilled staff needed to perform such work. As teams can work through a higher volume of cases, Advent has been able to maintain relatively flat staffing levels, even as its business has grown. The time saved on low-level work empowers these clinical workers to focus on more value-added tasks. Furthermore, Advent’s new approach is delivering a massive financial impact for clients too. As CAVO makes it less expensive and time-consuming for hospitals to appeal claims, they are more likely to recoup valuable dollars from appeals. | |
Quantitative Benefit
Up to 500% faster claims review | |
Millions of dollars returned to hospitals for services provided | |
Improved efficiency of analysts so they can review more claims annually | |