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Average Ratings 0 Ratings

Total
ease
features
design
support

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Write a Review

Description

HexIQ software offers quick and straightforward access to negotiated rate information, enabling users to search, download, and analyze intricate healthcare reimbursement rates associated with any specific code, payer, provider (NPI), or tax identification number (TIN), thereby allowing them to utilize transparency in coverage requirements for better business decisions and negotiations. Each month, it processes numerous machine-readable files (MRFs) from various payers, meticulously cleaning and enriching the data with relevant provider names, addresses, and network affiliations, and continually updating it to enable users to benchmark their negotiated rates against those of peers within the same specialty and geographic area without the need for cumbersome Excel work. The software's sophisticated search capabilities allow users to filter results by criteria such as code, specialty, state, place of service, payer, NPI, or TIN, with the option to download findings in CSV format for deeper analysis. Furthermore, integrated analytics and visualization tools provide insights into rate distributions, average and mode rates, and contracted provider networks, which help users gain a clearer understanding of market dynamics. This comprehensive approach not only streamlines the process but also empowers healthcare professionals to make informed strategic decisions based on reliable data.

Description

PayerLenz serves as a platform for benchmarking reimbursement and verifying eligibility specifically tailored for behavioral health providers, billing companies, and revenue cycle management (RCM) organizations. Unlike standard verification processes that simply confirm coverage, it addresses the more nuanced question of what a payer is expected to reimburse. The benchmarks are derived from a vast dataset of over 500,000 adjudicated claims spanning more than 260 payer groups across 21 states, with each statistic accompanied by its sample size and date, allowing users to assess the reliability of the information. Additionally, the platform offers immediate eligibility checks and comprehensive verification processes, providing billing teams with a real-time overview of their accounts receivable. As the inaugural product of Revenue Logic, a firm specializing in behavioral health billing, PayerLenz aims to enhance transparency and efficiency in the billing process. It is important to note that a benchmark reflects the distribution of payments for similar claims and should not be viewed as a guarantee or forecast for any individual case. By leveraging these insights, providers can make more informed decisions regarding their billing strategies.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

No images available

Integrations

Google Sheets
Microsoft Excel
Microsoft Power BI
Tableau

Integrations

Google Sheets
Microsoft Excel
Microsoft Power BI
Tableau

Pricing Details

$25 per month per code
Free Trial
Free Version

Pricing Details

Free
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

HexIQ

Founded

2022

Country

United States

Website

www.hexiq.com/platform

Vendor Details

Company Name

PayerLenz

Founded

2026

Country

United States

Website

payerlenz.com

Product Features

Product Features

Revenue Cycle Management

Accounts Receivable
Claims Management
Collections Management
EHR/EMR Integration
For Healthcare
ICD-10 Compliance
Insurance Verification
Medical Billing
Patient Portal
Patient Registration
Patient Scheduling
Payment Processing

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