MAXIMIZE REVENUE RECOVERY
Manage collection performance
Axiom can enable you to manage/prevent denials, reduce the cost to collect on claims and have more efficient prior authorization procedures. Gaps in revenue cycles can now be minimized via AI and operational efficiencies are optimized for peak RCM performance. Axiom leverages the power of AI to provide actionable data insights and reduce errors within the revenue cycle, leading to fewer wrongful claims and denials.
- Preauthorized claims
- Faster prior authorizations
- Reduced operational costs
- Fewer FTEs needed to process claims and prior authorizations
- Identifying undercoding
- Lower patient turnover by reducing negative financial experiences leading to patients changing providers
- Predicting risk and cost stratification
- Expedited collections
- Machine learning algorithms determine billing and adjudication confidence levels and predict denials
- Adapting to high speed daily changes in the revenue cycle
- Workflow automation
Enhance Staff Productivity
Lower Denials Rate
When claims are denied and not resubmitted in a timely manner or still contain incorrect information, the cost to providers is high. Does this represent your organization? (Source: Change Healthcare)
of all claims are denied.
per claim for rework and resubmission (in a single event.)
Cost per physician per year in time spent interacting with payors.