Waystar Unveils Generative AI for Denials
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care payments company WaystarCNBC
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Health
New AI tool for fighting health insurance denials could save hospitals billions, and help patients
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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.