Among the biggest contributors to the high cost of healthcare in the U.S. are the inherent complexities and misaligned financial interests of payers, providers, and patients. Change Healthcare is using artificial intelligence (AI) and machine learning (ML) to identify inefficiencies and drive them out of administrative processes in the healthcare system and, as a result, help reduce costs and improve outcomes for payers, providers, and patients.
Healthcare struggles with a massive administrative burden that costs hundreds of billions of dollars annually.1 In fact, many of these unnecessary administrative costs are associated with fraud, waste, and abuse; no- or low-value-added work; and a lack of collaboration between stakeholders. Machine learning and AI have the power to change this––helping to reduce costly, time-consuming manual processes, and truly changing the cost-quality curve in healthcare.
By embedding AI into our financial, clinical, and engagement solutions, we are steadily eliminating inefficiencies from our customers' workflows and removing barriers to collaboration. Our practical approach to AI focuses on making healthcare more efficient and cost-effective. Today, solutions and services across our portfolio use AI to help customers improve payment accuracy, reduce denials, enhance payment forecasting, and slash administrative overhead.
CareSelectTM Imaging is a decision support solution for health systems that want to leverage their EHR to develop an enterprise-wide standard of care for advanced imaging, and to comply with the Protecting Access to Medicare Act.
Describing Change Healthcare as “poised for success, both in terms of growth and innovation with its targeted AI approach,” Frost & Sullivan ranks it as one of the top 20 companies leading artificial intelligence innovation in healthcare. More than 115 companies from all over the world were screened and analyzed, with 65 making the short list. Learn about next-generation AI solutions and see which companies are making them a reality.
1. Health Affairs and the Robert Wood Johnson Foundation. "Health Policy Brief: Reducing Waste in Health Care," Health Affairs, December 13, 2012.
*Statistics are Internal Change Healthcare Metrics