Deciding whether to automate insurance capture and benefit verification is crucial due to high costs and inefficiencies with current manual systems. Each year, insurance denials cost $262 billion, adding $30 to $71 per claim in extra expenses. Existing methods for capturing and verifying insurance info are outdated and don't meet accuracy and speed needs.
When considering automation, organizations face a choice: build their own system or partner with pros. Building a system comes with risks like high costs, long development times, complexity, and credibility risks from errors or cyberattacks. But it gives ownership and lets you customize workflows.
Buying a system reduces some risks but needs careful vendor choosing for compatibility and satisfaction. Orbit stands as a great middle option—it's a strong, AI-powered solution that's fast, accurate, and easy to use.
Decide based on balancing risks and benefits that match your goals. Orbit gives you control and custom options while providing a reliable, tested solution.
Source: Orbit Healthcare
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