• Home
  • About Us
  • List of Health Insurance Companies

Health Plan News

Timely Health Plan News and Commmentary.

Health Plan News
Home Healthcare Plan News Olive Acquires Verata Health

Olive Acquires Verata Health

Posted on December 3, 2020 Written by Annalyn Frame

Prior authorizations were the most costly and time-consuming transactions for providers in 2019 and are among the top reasons patient care is delayed. As cash-strapped hospitals and health systems strive to meet patient, payer and provider needs, the demand for AI technologies to increase efficiency and improve the patient experience has become critical.

To help improve patient access to care and remedy the $31 billion prior authorization challenge, Olive announced the acquisition of Verata Health to solve prior authorizations for providers and payers via artificial intelligence as a combined solution under the Olive name.

Verata is a leading healthcare AI company, enabling Frictionless Prior Authorization® for providers and payers. Seamlessly connected to the nation’s top electronic health record (EHR) systems, Verata’s AI technology automatically initiates prior authorizations, retrieves payer rules, and helps identify and submit clinical documentation from the EHR. When payers leverage its AI platform, Verata enables point-of-care authorizations for providers and patients, dramatically accelerating access to care.

Olive and Verata’s combined prior authorization solution streamlines the process for providers, patients and payers by reducing write-offs by over 40% and cutting turnaround time for prior authorizations by up to 80%.

By integrating Verata’s solution, Olive is able to provide customers with a true end-to-end prior authorization solution. The solution starts with determining if an authorization is required, includes touchless submission of the prior authorization request, ends with automating denied claim appeals and grants hospitals a 360 degree view of their authorization performance. This means patients not only get the care they need faster, but also eliminates confusing bills patients receive post-service stating their claim has been denied by their insurance.

The acquisition follows Olive’s recent $225.5 million financing round to bolster the company’s R&D war chest and drive the growth of Olive’s AI workforce for providers and payers. Recently, Olive also announced Olive Helps: a new AI platform that delivers targeted information to healthcare workers to enable better, faster results while reducing the time spent on administrative tasks. With Olive’s recent momentum, Verata’s suite of AI tools will deepen Olive’s impact as it automates the $31 billion problem of prior authorizations in healthcare.

SOURCE Olive

Filed Under: Healthcare Plan News

Recent News

  • Numinus completes acquisition of Novamind June 13, 2022
  • NRx Pharmaceuticals Provides Update on Breakthrough Therapy Designation (BTD) Request for ZYESAMI® (aviptadil) June 13, 2022
  • King Insurance Acquires Wurzel Insurance June 13, 2022
  • Medicare Advantage Plans Earn High Marks in eHealth Survey June 13, 2022
  • Curated Mental Health Partners with Brooklyn Minds Psychiatry April 20, 2022
  • HEALTHWORXS: A Game Changer, No Cost Healthcare Plan April 20, 2022
  • Study Finds Consumers Want Their Physician to Lead April 20, 2022
  • Peer-Reviewed Journal Spotlights Lirio’s Approach to Behavioral Design and Its Ability to Impact Underserved Communities April 20, 2022
  • Braxia Scientific Provides Update on Clinical Trials for Ketamine and Psilocybin Drug Development February 8, 2022
  • Numinus Identified as a Licensed Psilocybin Supplier January 31, 2022

About Annalyn Frame

I am a nursing student currently, but have been interested in healthcare since I was much younger. It’s as if I have always known that I would eventually end up being a nurse or going into the healthcare industry.

I am the editor of Health Plan News.

Search Our Site

Ketamine Therapy Dallas
Ketamine Treatment Clinic Dallas

Categories

  • AARP
  • Aetna
  • AMERIGROUP
  • Blue Cross Blue Shield
  • Canadian Health Care System
  • Canadian Pharmacies
  • Cardinal Health
  • Chubb
  • CIGNA HealthCare
  • COVID-19
  • diabetes
  • Enterologics
  • Facilities And Providers
  • FDA
  • GlaxoSmithKline
  • Health Clinics
  • Health Insurance Coverage
  • Health Plan Enrollment
  • Healthcare Companies
  • Healthcare Plan News
  • HealthSouth
  • Home Care
  • Home Health Care Insurance
  • Hospitals
  • Humana
  • J.P. Morgan Healthcare Conference
  • Lidocaine
  • LifeTree eClinical
  • Lipitor
  • Liposuction
  • MedBasics
  • Medicaid
  • Medical And Healthcare
  • Medical Devices
  • Medicare
  • Mevion Medical Systems
  • Mobile Healthcare
  • Pharmaceutical Companies
  • Senior News
  • The SCOOTER Store
  • Thoracic Surgeons
  • thrombocytopenia
  • Today Sponge
  • Top Health Care Networks
  • Total Lumbar Fusion Graft Spine Surgery
  • Toxic Air Pollution
  • Trans Fats
  • Travel Insurance
  • Triglycerides
  • Tuberculosis
  • Unilife
  • United Healthcare
  • UnitedHealth Group
  • Unused Medications
  • Uterine fibroids
  • Vaccines
  • varicella
  • Ventas
  • Vyteris
  • WakeUpWalmart
  • Wal-Mart Healthcare Crisis
  • Walgreens Pharmacy
  • Water Quality
  • WebMD
  • WellPoint
  • West Nile Virus
  • Wilmer Shields Rich Awards
  • World Health Care Congress
  • Wound Management
  • Zelnorm
  • Zocor
  • ZOLOFT

Pages

  • 1199 National Benefit Fund
  • A Little about Drug Preparation and Formulation Development
  • About Us
  • Affordable Health Insurance
  • Benefits of Hiring a Senior Caregiving Service
  • Catastrophic Health Insurance
  • Cheap Health Insurance
  • Cheap Health Insurance Plans
  • Child Health Insurance Plans
  • Choosing a Health Insurance Plan
  • Christian Health Insurance
  • Dental Assistants and Their Future
  • Dr. Howard Bellin: Questions about Rhinoplasty
  • Finding the Right Dentist
  • Get Your Winks in Blink
  • Health Insurance
  • Health Insurance Plans For Family
  • Health Sharing Plans
  • Healthcare and Hospitals: Disinfection is Key
  • High Deductible Health Plans
  • Home Care Employment in Arizona
  • How A Medical Weight Loss Plan Can Help You Get The Figure You Want
  • How Ketamine Therapy Helps Fight Depression
  • How Orthotic Insoles Improve Your Health
  • Individual Health Insurance Plans
  • Ketamine Uses and Benefits
  • List of Health Insurance Companies
  • Low Income Health Insurance
  • Medical Research Consultants
  • Personal Lubricants for Women – Liven Up Your Life!
  • Private Health Insurance Plans
  • Rhesus Negative
  • Self Employed Health Insurance
  • Short Term Health Insurance Plans
  • Student Health Insurance Plans
  • Temporary Health Insurance
  • The Basic Building Blocks For a Sustained, Healthy Diet
  • The Importance of Clinical Study Software
  • The Use of Post Cycle Therapy Supplements
  • Travel Health Insurance

Copyright © 2022 · Focus Pro Theme on Genesis Framework · WordPress · Log in

Go to mobile version