B·MED USE CASES

bMed Solutions is partnering with Payers, Delivery Systems,Specialty Pharmacy, Private Equity, and Investors  to deliver and develop game changing service solutions, including the following:

Agentic AI Employed with the Prior Authorization Process – Payer and Delivery System::

Agentic AI is transforming prior authorization

 Automating tasks, improving efficiency, and reducing administrative burden for both providers and payers. These AI agents can autonomously handle various aspects of the prior authorization process, from eligibility verification to claim submission, ultimately leading to faster approvals and improved patient care.

Here’s a more detailed look at how agentic AI is impacting prior authorization:

  1. Automation of Key Tasks:
  • Data Extraction and Validation: AI agents can automatically extract relevant patient information from electronic health records (EHRs) and other databases, validating medical necessity and payer requirements.
  • Eligibility Verification: Agentic AI can quickly verify patient insurance coverage and benefits, ensuring that only necessary procedures are pursued.
  • Prior Authorization Submission: AI agents can automatically complete and submit prior authorization requests, including necessary documentation, through designated portals.
  • Status Tracking and Follow-up: AI agents can track the status of prior authorization requests and automatically follow up with payers as needed, minimizing delays.
  • Denial Management: AI agents can analyze denied claims, identify the reasons for denial, and help providers prepare appeals, potentially automating the appeals process as well.
  1. Benefits for Providers:
  • Reduced Administrative Burden: By automating repetitive tasks, agentic AI frees up healthcare staff to focus on patient care and other high-value activities.
  • Faster Approvals: Streamlined workflows and automated processes lead to faster prior authorization approvals, reducing treatment delays.
  • Fewer Denials: Accurate data validation and automated submission can significantly reduce claim denials and appeals.
  • Cost Savings: Reduced manual effort and faster processing translate to cost savings for healthcare providers.
  1. Benefits for Payers:
  • Improved Efficiency: AI agents streamline the prior authorization process, reducing the workload for payer staff and improving operational efficiency.
  • Reduced Costs: Automated processes and fewer manual interventions lead to cost reductions for payers.
  • Enhanced Accuracy: AI agents can ensure accurate and consistent application of payer rules and guidelines, reducing errors and improving compliance.
  • Better Decision-Making: AI agents can analyze data and provide insights that help payers make more informed decisions about prior authorizations.
  1. Key Technologies:
  • Large Language Models (LLMs): LLMs are used by AI agents to understand and interpret complex medical documentation, payer policies, and patient information.
  • Machine Learning (ML): ML algorithms enable AI agents to learn from data, improve their accuracy, and adapt to changing payer requirements.
  • Robotic Process Automation (RPA): RPA is used to automate repetitive tasks, such as data entry and form completion, in the prior authorization process.
  1. Impact on Patient Care:
  • Faster Treatment: By reducing prior authorization delays, agentic AI helps patients receive timely treatment and care.
  • Improved Access: Faster approvals and streamlined processes can improve patient access to necessary healthcare services.
  • Enhanced Patient Experience: Reduced wait times and improved communication can lead to a more positive patient experience.

In conclusion, agentic AI is revolutionizing the prior authorization process in healthcare, offering significant benefits for both providers and payers while ultimately improving patient care.

Specialty pharmacy:

Adapting B·Well into its Pharma therapy management process to engage patients better and obtain timely and actionable information​and improve outcomes.

Care management:

Multi-hospital collaboration seeks to improve the continuum of care for patients by addressing social determinants of health and strengthening internal medical team communication. B·Smarter is being used to track treatment outcome changes and their effects when health and communication needs are met. ​