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New AI tool for fighting health insurance denials could save hospitals billions, and help patients

CNBC
Summary
Nutrition label

82% Informative

Health-care payments company Waystar unveiled a new AI tool that can help hospitals quickly tackle one of their most costly and tedious responsibilities: fighting insurance denials.

The company's new solution, called AltitudeCreate , uses generative AI to automatically draft appeal letters, which can be costly and time-consuming to put together manually.

Hospitals and health systems spend nearly $20 billion a year trying to overturn denied claims, according to a report.

VR Score

85

Informative language

85

Neutral language

59

Article tone

semi-formal

Language

English

Language complexity

62

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

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Known propaganda techniques

not detected

Time-value

short-lived

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