An efficient prior authorization process is crucial to driving superior patient engagement, financial experience, and satisfaction. 91% of all care delays can be attributed to prior authorization issues. Annually, prior authorization requests amount to more than $265 Mn, with volumes continuing to increase at more than 20% per annum.
Firstsource’s Prior Authorization Services create a streamlined digital-first process that identifies the need for prior authorization, enables the process, and facilitates status checks, enhancing the patient experience and provider revenues. The Cloud-first solution enables hospitals to integrate key functions into a unified workflow, identifies various payment methods and validates authorization. This provides patients peace of mind about how they are going to pay for their care - even before they set foot in the facility. The easy-to-implement and scalable solution is EMR compatible and can go-live within 90 days from contract signing.
25% reduction in cancellation and no-show rates
90% or greater personalized bill estimate accuracy
Over 60% increase in staff productivity
Less than 1% payer rules error rate