Close Menu
fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Opportunities
  • Insights
  • Rumors
  • Regulatory
  • Startups
  • Innovations

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

New Course Overview: Successful Fintech Strategies

May 20, 2025

Bloomberg AI Researchers Mitigate Risks of Hazardous Generative AI in Financial Large Language Models

May 20, 2025

The finance industry leads the implementation of British AI, according to the report.

May 19, 2025

30 Young Founders and Investors in Asia Under 30

May 19, 2025
Facebook X (Twitter) Instagram
Trending
  • New Course Overview: Successful Fintech Strategies
  • Bloomberg AI Researchers Mitigate Risks of Hazardous Generative AI in Financial Large Language Models
  • The finance industry leads the implementation of British AI, according to the report.
  • 30 Young Founders and Investors in Asia Under 30
  • Oracle, Cleveland Clinic, and G42 join forces on the AI platform.
  • What implications might AI have for the future of finance?
  • How Malta’s iGaming Framework Promotes Innovation in European Fintech
  • The Onestream study uncovers the abilities and expertise of AI in corporate financing.
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    The Transformative Power of Generative AI in Financial Services: Innovation, Implementation, and Impact

    May 16, 2025

    Surge in Fintech Mergers in Africa Driven by Digital Payments

    May 16, 2025

    Global Talent, Local Barriers: Why UK Fintechs Are Looking Abroad

    May 15, 2025

    30 Young Founders and Investors in Asia Breaking Down Barriers

    May 15, 2025

    Zilch Hits 5 Million Customers: UK’s Fastest-Growing Fintech Unicorn Surges Ahead

    May 13, 2025
  • AI

    Bloomberg AI Researchers Mitigate Risks of Hazardous Generative AI in Financial Large Language Models

    May 20, 2025

    The finance industry leads the implementation of British AI, according to the report.

    May 19, 2025

    Oracle, Cleveland Clinic, and G42 join forces on the AI platform.

    May 19, 2025

    What implications might AI have for the future of finance?

    May 18, 2025

    The Onestream study uncovers the abilities and expertise of AI in corporate financing.

    May 17, 2025
  • Acquisitions

    The HPS of Morocco plans to acquire a Fintech company by 2027, referred to as CEO – TradingView News.

    May 3, 2025

    The Challenges of Implementing Central Bank Digital Currencies (CBDCs)

    April 14, 2025

    Apex Fintech considering the purchase of Bakkt

    April 13, 2025

    The Future of Digital Wallets: Trends to Watch

    April 12, 2025

    What Is Blockchain and How Is It Used in Finance?

    April 11, 2025
  • Trends

    The Transformative Power of Generative AI in Financial Services: Innovation, Implementation, and Impact

    May 16, 2025

    Latin America’s Fintech Sector Poised to Reach 49.58 Billion USD

    May 1, 2025

    Analysis of Industry Market Size in the 2025 Fintech Market Report

    April 28, 2025

    Analysis of Trends and Key Drivers in India’s Blockchain Fintech Sector

    April 23, 2025

    2025 Market Trends and Premium Services Overview

    April 18, 2025
  • Opportunities

    Top Fintech Employers of 2025

    May 15, 2025

    Governor Kelly reveals collaboration with FISERV to establish a fintech strategic hub.

    April 23, 2025

    Governor Kelly reveals Fiserv’s plans to establish a strategic fintech center in Kansas, generating 2,000 jobs.

    April 23, 2025

    FISERV establishes 2,000 positions with the launch of a new Fintech Innovation Center in Kansas.

    April 22, 2025

    Fintech Companies Recruiting in 2025 Following a Turbulent Year

    March 18, 2025
  • Insights

    30 Young Founders and Investors in Asia Under 30

    May 19, 2025

    The Transformative Power of Generative AI in Financial Services: Innovation, Implementation, and Impact

    May 16, 2025

    Global Talent, Local Barriers: Why UK Fintechs Are Looking Abroad

    May 15, 2025

    Zilch Hits 5 Million Customers: UK’s Fastest-Growing Fintech Unicorn Surges Ahead

    May 13, 2025

    Fintech vs. Big Banks: Who Will Win the Battle for Gen Z’s Wallet?

    May 13, 2025
  • Rumors

    Brighthouse Financial executives address misleading rumors and inconsistent first-quarter figures in insurance news.

    May 16, 2025

    FortunePayoneer delayed guidelines for 2025 and sought a buyer in November.

    May 11, 2025

    Nubank refutes speculation about a fence during the surge in misinformation.

    May 7, 2025

    John Deaton recognizes the potential of banking.

    May 4, 2025

    How a malfunctioning phone game has increased and then decreased market value by 4 billion dollars.

    April 30, 2025
  • Regulatory

    Fintech Groww Targets 800 Million Dollar Initial Public Offering

    April 26, 2025

    Wolters Kluwer Receives the Prix Fintech Breakthrough Award 2025 for its Onesumx Solution

    April 22, 2025

    Partner in Fintech Founders launches a new Self-Regulatory Organization

    April 19, 2025

    Razorpay founders highlight the need for transparent and consistent regulations to support Fintech growth in India.

    April 17, 2025

    India establishes a senior panel to address regulatory challenges in fintech.

    April 4, 2025
  • Startups

    The advantage for Policybazaar’s PB parents saw an increase of 184% to Rs 171 crores in the fourth quarter, with revenue reaching Rs 1,508 crores.

    May 16, 2025

    Global Talent, Local Barriers: Why UK Fintechs Are Looking Abroad

    May 15, 2025

    PayU gets RBI approval to function as an online payment gateway in India.

    May 15, 2025

    A list of the fastest expanding fintech startups in South Africa.

    May 14, 2025

    Exploring What Will Make Startups Appealing to Investors in 2025 in Fintech 2.0 by Taras Boyko

    May 14, 2025
  • Innovations

    New Course Overview: Successful Fintech Strategies

    May 20, 2025

    How Malta’s iGaming Framework Promotes Innovation in European Fintech

    May 18, 2025

    Fintech vs. Big Banks: Who Will Win the Battle for Gen Z’s Wallet?

    May 13, 2025

    Key Innovations Transforming Careers in Fintech

    May 6, 2025

    Fintech entrepreneur Jose Daniel Duarte Camacho discusses how digital innovations can be harnessed for sustainable growth in a fast-evolving digital economy, where businesses encounter ongoing challenges and opportunities driven by new technologies.

    May 1, 2025
fintechbits
Home » Allegheny Health leverages AI to automate the prior authorization process.
AI in Finance

Allegheny Health leverages AI to automate the prior authorization process.

3 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
Doctor.phone2 .reza20estakhrian 0.jpg
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link
Doctor

Photo: Reza Estakhrian / Getty Images

Transforming Healthcare: AI-Powered Contactless Authorization by Allegheny Health Network

Allegheny Health Network (AHN) has introduced an innovative contactless authorization system utilizing advanced AI automation technology in collaboration with Humata Health. This strategic partnership aims to streamline healthcare processes, enhancing efficiency and patient satisfaction.

Revolutionizing the Authorization Process

As one of Humata’s key investors, AHN has become the first health system to implement the platform without requiring physical contact. This evolution allows for procedural orders to be efficiently integrated into electronic health records, while Humata aggregates and submits essential clinical information seamlessly.

Success Metrics: Speed and Efficiency

Humata reports a remarkable 70% approval rate for current procedural terminology requests (CPT) within just one month of implementation. Previously, AHN collaborated with Humata on specific imaging and radiology procedures, resulting in over 200,000 automated prior authorizations each year, boasting a first-line approval rate of 96%.

Automated End-to-End Solution

The contactless authorization technology from Humata automates the entire process, from determining authorization to generating clinical packages and conducting post-authorization monitoring. For a duration of 14 days following a procedure, the platform oversees approved authorizations, checking for factors that could affect their validity, such as changes in patient insurance, diagnostic codes, or rescheduling of procedures.

The Importance of Streamlining Authorization

A recent survey by the American Medical Association (AMA) highlighted the detrimental effects of the prior authorization process on patient outcomes and healthcare provider well-being. The study emphasizes that unnecessary delays negatively impact patient care, leading to increased costs due to extra consultations, unforeseen hospital stays, and out-of-pocket expenses for patients.

Legislative Efforts for Reform

In response to the challenges posed by prior authorizations, legislators from the House of Representatives have proposed a bipartisan bill designed to reduce medically unnecessary delays. This legislation aims to reform health insurance practices by allowing board-certified physicians in the same specialty to make authorization decisions, enhancing the efficiency of the healthcare system.

A Bright Future for AI in Healthcare

Humata Health, an AI-driven company led by a physician and backed by a range of investors, including Optum Ventures and Blue Venture Fund, is at the forefront of this healthcare revolution. The partnership with Allegheny Health Network aims to alleviate the administrative burden on care teams while expediting patient care pathways, ultimately improving clinician experiences and patient outcomes.

“Removing the administrative load from our care teams, while accelerating the path to patient care is central to our mission,” said Morgan Kroskie, a director at AHN. “The innovative technology from Humata delivers significant value to our organization, and we look forward to expanding its application across more procedures and service lines.”

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bloomberg AI Researchers Mitigate Risks of Hazardous Generative AI in Financial Large Language Models

May 20, 2025

The finance industry leads the implementation of British AI, according to the report.

May 19, 2025

Oracle, Cleveland Clinic, and G42 join forces on the AI platform.

May 19, 2025
Leave A Reply Cancel Reply

Latest news

New Course Overview: Successful Fintech Strategies

May 20, 2025

Bloomberg AI Researchers Mitigate Risks of Hazardous Generative AI in Financial Large Language Models

May 20, 2025

The finance industry leads the implementation of British AI, according to the report.

May 19, 2025
News
  • AI in Finance (1,170)
  • Breaking News (141)
  • Corporate Acquisitions (45)
  • Corporate Acquistions (17)
  • Industry Trends (168)
  • Jobs Market News (285)
  • Market Insights (168)
  • Market Rumors (228)
  • Regulatory Updates (141)
  • Startup News (770)
  • Technology Innovations (146)
  • X Feed (1)
About US
About US

FintechBits is an blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (1,170)
  • Breaking News (141)
  • Corporate Acquisitions (45)
  • Corporate Acquistions (17)
  • Industry Trends (168)
  • Jobs Market News (285)
  • Market Insights (168)
  • Market Rumors (228)
  • Regulatory Updates (141)
  • Startup News (770)
  • Technology Innovations (146)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2025 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.