AI-powered insurance verification to boost patient conversion.
Company is active
Event Year: 2023
Company is active
Event Year: 2023
Sohar Health offers an AI-powered solution designed to revolutionize the front-end Revenue Cycle Management (RCM) for healthcare providers. By automating and streamlining insurance verification processes, Sohar Health facilitates faster patient conversions and significantly reduces administrative burdens. The API-first platform integrates smoothly into existing workflows, providing real-time claim accuracy and eligibility checks with a high degree of automation, reaching up to 95%.
Key performance indicators highlight the platform's effectiveness: a median latency of just 6 seconds ensures real-time eligibility assessments; over 90% of checks are completed within 30 seconds, improving patient conversion rates; benefit detail verification boasts 96% accuracy; eligibility determination achieves an industry-leading 99% accuracy; the carve-out detection rate exceeds 90%, minimizing surprise billing risks; and the Insurance Discovery API achieves a 60% success rate in identifying coverage for self-pay patients.
Sohar Health serves a diverse clientele, including outpatient clinics, specialty practices, and digital health platforms seeking to optimize their front-end claim management. By minimizing errors and maximizing clean claim submissions, Sohar Health enables healthcare organizations to convert and retain more patients, lower operational expenses, and enhance overall revenue generation.
Sohar Health offers an AI-powered solution designed to revolutionize the front-end Revenue Cycle Management (RCM) for healthcare providers. By automating and streamlining insurance verification processes, Sohar Health facilitates faster patient conversions and significantly reduces administrative burdens. The API-first platform integrates smoothly into existing workflows, providing real-time claim accuracy and eligibility checks with a high degree of automation, reaching up to 95%.
Key performance indicators highlight the platform's effectiveness: a median latency of just 6 seconds ensures real-time eligibility assessments; over 90% of checks are completed within 30 seconds, improving patient conversion rates; benefit detail verification boasts 96% accuracy; eligibility determination achieves an industry-leading 99% accuracy; the carve-out detection rate exceeds 90%, minimizing surprise billing risks; and the Insurance Discovery API achieves a 60% success rate in identifying coverage for self-pay patients.
Sohar Health serves a diverse clientele, including outpatient clinics, specialty practices, and digital health platforms seeking to optimize their front-end claim management. By minimizing errors and maximizing clean claim submissions, Sohar Health enables healthcare organizations to convert and retain more patients, lower operational expenses, and enhance overall revenue generation.
Total Raised: Unknown (Y Combinator backed)
Last Round: Summer 2023
Total Raised: Unknown (Y Combinator backed)
Last Round: Summer 2023
Healthcare
Healthcare
Healthcare -> Healthcare IT
Healthcare -> Healthcare IT
Team size: 8
Hiring: No
Team size: 8
Hiring: No