Offering Technology-driven AI Solutions for Streamlining Business Operations

Kamal Raj, President and CEO Founded in 2019, Waterlabs AI is guided by the mission to assist healthcare organizations, payors, and their companions streamline operations, establish monetary dangers, and retain their Most worthy well being shoppers utilizing cutting-edge AI expertise. The firm is the brainchild of Kamal Raj, who has labored for years in a number of the largest healthcare RCM corporations. During his stint, Raj witnessed firsthand organizations’ wrestle to rightly handle their income cycle owing to their dependence on guide processes. Even the prevailing applied sciences weren’t succesful sufficient to automate the essential operations whereas guaranteeing the safety of affected person data. Driven by the urge to alter the established order, Raj, together with a group of seasoned trade specialists, set the muse of Waterlabs AI. Waterlabs AI has launched a totally AI enabled RCM cloud workflow platform that enables its purchasers to automate their processes with out entry to information. This workflow answer additionally has embedded AI enabled RPA which is able to processing data and voice calls. This extremely built-in automation platform is already utilized by a number of giant purchasers who’re processing insurance coverage claims utilizing one tenth of staffing and resulting from excessive accuracy enjoys p.c entrance finish rejections when the claims are submitted in to clearing home. As medical establishments are extremely regulated and have to adjust to a number of pointers by way of accessing affected person information, Waterlabs AI has introduced an answer that automates healthcare establishments’ processes with out accessing any essential information. “We are the one group that may automate processes inside a ‘no information’ setting. Our platform doesn’t entry any information and easily screensthe processes and automates them utilizing our patented AI expertise. We additionally supply AI-enabled workflow answer to hospitals, clinics and billing workplaces which might be already pre-connected to 1800+ insurance coverage corporations within the US. Thus, our workflow answer offers its customers the power to examine the standing of claims, resubmit them, pull EOB’s and get them processed effectively and cut back their AR days. With the rising inhabitants and the immense stress build up on the prevailing healthcare system, it’s excessive time to adapt to computerized AI options. To this finish, now we have put our greatest foot ahead, creating modern AI fashions and sensible AI bots,” says Raj, who’s presently donning the position of the President and CEO at Waterlabs AI.
Many healthcare companies have for a really very long time carried out declare processing and even fundamental duties comparable to changing information into invoices and forwarding them to insurance coverage corporations manually. Considering the large variety of sufferers {that a} hospital, clinic and labs deal inside a day, it’s not doable for their employees to file all of the claims manually in an environment friendly method. It not solely calls for numerous time and delays claims, but additionally results in inaccuracies in submitting them and plenty of claims will get returned as front-end rejections. “With our platform, now we have automated all these processes. We have 1800+ insurance coverage corporations built-in into our AI platform and we will have capability to course of 2 million claims each day. Unlike the standard course of the place professionals from a hospital’s billing division should both examine every affected person’s claims by the insurance coverage corporations’ web site or by reaching out to their buyer care group by way of a voice name, now we have all of it embedded in our patented AI platform which might make the correct resolution itself and course of them on follow administration system appropriately. Our HINES Gateway Solution can present declare standing for your whole stock inside few seconds and posting of automated funds by RPA begins concurrently. This velocity permits our purchasers to trace which claims aren’t processed and act quicker on these pending funds in addition to put up funds to their follow administration methods immediately utilizing our workflow embedded AI-enabled RPA which runs around the clock,” says Raj.

We are the one group that may automate healthcare RCM processes inside a ‘no information’ setting

To put issues into perspective, for one of many main healthcare insurance coverage corporations, we’re the one group that may automate processes inside a ‘no information’ setting. Our platform doesn’t entry any information and easily screens the processes and automates them utilizing our patented AI expertise. We additionally supply AI-enabled workflow answer to hospitals, clinics and billing workplaces which might be already pre related to 1800+ insurance coverage corporations within the US. Thus, our workflow answer offers its customers the power to examine the standing of claims, resubmit them, pull EOB’s and get them processed effectively, and cut back their AR days Truly, Waterlabs AI is totally altering the best way folks work at present within the healthcare payor and supplier area by making the day by day actions of staff extra significant. This permits purchasers to avoid wasting nearly 50 p.c of the extra expenditure. “We take every problem severely and conduct our R&D to search out the very best answer and customise it in accordance with purchasers’ necessities,” says Raj.

https://healthcare.cioreview.com/vendor/2022/waterlabs_ai

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