Best Prior Authorization Products
As health systems could see revenue decline by 40-60% during the COVID-19 pandemic, it is more important than ever to improve capture of all revenue opportunities, drive sustainable cost reductions, and increase speed and volume of prior authorizations.
The current prior authorization process is extremely burdensome. Physicians and staff spend on average 14 hours on obtaining prior authorizations or 31 PAs per week. This manual workflow costs $11 per PA completed vs. < $3 per PA completed electronically. In addition, this problem is compounded by increases in volume of PAs by 10%+ YoY across the industry.*