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features
design
support

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Description

Medical necessity denials represent a significant financial burden for healthcare providers, incurring costs that can reach into the millions annually due to write-offs, along with the expensive labor involved in investigating and contesting these denials while addressing patient inquiries. Conversely, payers also face similar challenges in the claims management process, as they incur expenses from covering unnecessary medical procedures and treatments, as well as the resources dedicated to handling denial appeals, all of which do not contribute to better patient outcomes. Additionally, patients may suffer from excessive copays and other out-of-pocket expenses, coupled with a frustrating healthcare experience due to charges and services that are not warranted. To combat these issues, the ABN Assistant™ from Vālenz® Assurance equips providers with essential prior authorization tools to confirm medical necessity, generate Medicare-compliant Advanced Beneficiary Notices (ABNs) that include estimated costs, and effectively prevent over 90 percent of medical necessity denials by ensuring that the necessity is validated before any care is administered to the patient. By utilizing this system, providers can enhance their financial stability while improving patient satisfaction and care efficiency.

Description

AI-driven patient billing and payment processes eliminate uncertainty in collecting dues from patients. This innovative system prioritizes those who are most likely to fulfill their financial obligations. It is designed to adapt and learn continuously, ensuring it improves over time. Additionally, it identifies and rectifies issues with a patient’s billing and demographic data. By analyzing historical payment patterns, it can predict future payment behaviors effectively. This strategic method to patient billing alleviates some of the pressures faced during challenging times. The system is capable of verifying current insurance coverage within minutes, while also exploring additional coverage options tailored to the patient's needs. It offers a variety of solutions to facilitate payment for medical services, including the possibility of financial assistance. Furthermore, the technology assesses the optimal number of billing statements required based on the patient's likelihood to pay. This approach not only minimizes the expenses associated with patient follow-ups but also cuts down on time spent managing write-offs. All verification and billing processes can be seamlessly executed within your existing medical billing framework, streamlining operations and enhancing overall efficiency. In this way, healthcare providers can focus more on patient care and less on administrative burdens.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

No details available.

Integrations

No details available.

Pricing Details

$1039.00/one-time/user
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Vālenz

Founded

2004

Country

United States

Website

www.valenzhealth.com/valenz-assurance/abn-assistant/

Vendor Details

Company Name

ImagineSoftware

Founded

2000

Country

United States

Website

www.imagineteam.com/products/patient-financial-clearance

Product Features

Medical Billing

Claims Processing
Claims Scrubbing
Code & Charge Entry
Compliance Tracking
Customizable Dashboard
Dunning Management
Invoice History
Patient Eligibility Checks
Practice Management
Quotes/Estimates
Remittance Advice

Product Features

Medical Billing

Claims Processing
Claims Scrubbing
Code & Charge Entry
Compliance Tracking
Customizable Dashboard
Dunning Management
Invoice History
Patient Eligibility Checks
Practice Management
Quotes/Estimates
Remittance Advice

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