In the aftermath of Brian Thompson's tragic shooting, public sentiment against health insurers has intensified, reflecting frustrations over claim denials that jeopardize patient care.
Health insurers, notably UnitedHealthcare, face increasing scrutiny for denying claims through algorithms, particularly impacting Medicare Advantage, leading to significant financial losses for hospitals.
The rise in claim denial rates has not only affected patients but also cost hospitals hundreds of billions annually, signaling a critical fault in the healthcare billing system.
Innovative startups are leveraging AI technology to streamline the complex healthcare billing process, aiming to reduce claim denials and improve payment efficiencies.
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