We address the revenue cycle challenges before they become a challenge, right from the scheduling!
Right from helping patients understand the acceptance of their insurance payor & plan, to checking their eligibility, estimating the potential cost of care, and motivating the patients to pre-pay or paying timely, we ensure revenue cycle wouldn't get into a challenge at all.
45%
Increase in prepayment of bills through transparent & personalized estimate
65%
Improvement in Net Promoter Score through removing the surprise in bills
24%
Reduction in Bad debts & uncompensated care in the High Deductible health plans
Features of Praktice Intelligent Revenue Cycle
Insurance Acceptance
The truly convenient way to check the insurance acceptance in seconds, not between 8 AM and 5PM on weekdays by spending hours...
Personalized for your organization's data
Eligibility Verification
Instant real-time insurance eligibility verification for over 90% of the insurance payors and plan combinations, personalized to the patient..
Price Transparency
The most Intuitive Price transparency tool for patients to get an overview of their medical bill for common procedures and estimating the copayment amounts, in turn reducing claim denials...
Bill Prepayment
An advanced AI algorithm to estimate the accurate bill amount for most common procedures and motivating patients for a part or full pre-payment of medical bills to reduce uncompensated care and bad debts
How Praktice.AI's solution is Unique?
Conversational AI
All our offerings are powered by a unique conversational AI framework that make it intuitive & natural for patients to engage with
Care Triaging
Our Revenue Cycle solution is tightly knit with our medical triaging algorithm that understands the care need accurately
Comprehensive
Our platform has a comprehensive understanding of payors & plans with a detailed view of the plan benefits
Price Transparency
Our AI understands the medical procedures that are part of HCPCS & CPT® and an ability to identify the cost estimate accurately
Secure and trusted
Praktice AI’s platform meets the highest certification standards for data security, privacy, and integrity, keeping your data safe.
CERTIFIED
We’re SOC-2 certified, HIPAA-certified, and independently audited on a routine basis.
COMPLIANT
Our platform is compliant with HIPAA, STU-3 & IHE profiles, and we’re a trusted partner to most major EMRs.
VETTED
We’ve gone through rigorous security certifications from government agencies and other leading healthcare organizations.