Prasanna Ganesan, CEO, MachinifyWhether you work in healthcare or are just a patient who has interacted with the healthcare system, it shouldn’t surprise you to read that healthcare costs have been going up and are expected to continue to do so into 2025 burdening all stakeholders. Despite the obvious need to cut wasted healthcare spending, research suggests that the industry as a whole isn’t very good at it, with administrative spending being one of the biggest culprits. One study found that nearly one-third of excess U.S. healthcare spending is on administrative expenses. Today, the backbone of healthcare administration is claims processing. Despite the structure of a claim being standardized, the processing path that each claim follows is antiquated, with many inefficient, expensive, or error-prone steps being embedded within. The question is why? First, the rules around medical coding, billing, and payment can be intricate and ambiguous, resulting in varied interpretations and decisions from one claim to another, undermining consistency in the reimbursement process. Second, claims adjudication processes rely on an arcane mix of inflexible old technology and a lot of duct tape resulting in an inability to keep pace with the evolving needs of modern healthcare reimbursement

SEATTLE, WA / ACCESSWIRE / July 2, 2024 / MD Clarity today announced it has been named High Performer in G2's Summer 2024 Grid® Report. High Performers are earned based on receiving high customer satisfaction ratings compared to others in their category on G2, the world's largest software review marketplace.Overall, MD Clarity earned a total of five accolades on G2, including:High PerformerBest SupportBest RelationshipEasiest To Do Business WithBest Meets Requirements."Our G2 High Performer recognition affirms the substantial impact our product has on both provider reimbursement and patient financial experience," said Dan Freeman, MD Clarity's CEO. "The Best Support, Best Relationship, and Easiest to Do Business With awards all speak to our status as the revenue optimization software of choice for Management Services Organizations (MSOs) and large physician-owned groups whose financial complexity makes enterprise-grade support a must."To see MD Clarity's customer ratings, visit MD Clarity's review listing page on G2.About MD ClarityMD Clarity is a powerful software platform transforming the revenue cycle of healthcare organizations. Through pre-service patient estimates and deposits, automated detection of variances between payer payments and contracted rates, and managed care agreement rate benchmarking and scenario modeling, MD Clarity enables the Revenue Cycle and Finance teams of healthcare organizations to boost their cash flow. With a decade-long track record capturing the complexities of managed care agreements within its software platform, MD Clarity has grown to serve more than 150,000 providers. For more information, visit MDClarity.com or follow MD Clarity on LinkedIn.Contact InformationDavid FreemanDirector of [email protected]: MD ClarityView the original press release on newswire.com.View the original press release on accesswire.com

SEATTLE, WA / ACCESSWIRE / May 30, 2024 / MD Clarity, a provider of patient pre-service estimate and provider revenue optimization software, today joined ModMed's synapSYS Marketplace program. As part of the ModMed synapSYS Marketplace, this application is now available to ModMed's growing network of healthcare providers. MD Clarity enables pre-service patient cost estimates and deposits, detects variances between payer payments and contracted rates, and provides data to negotiate managed care agreements from a position of strength."Providers deserve to be paid fairly by health insurers, and patients have a right to know what the financial impact will be on them when getting care," said Dan Freeman, MD Clarity's CEO. "Having our application available on the ModMed synapSYS Marketplace will allow providers to leverage MD Clarity to help ensure they are being paid optimally for all of their patient encounters and are delivering a transparent financial experience to patients."To learn more about MD Clarity's new integrated application, please visit MD Clarity's product listing page on the Marketplace.About MD ClarityMD Clarity is a powerful software platform transforming the revenue cycle of healthcare organizations. Through pre-service patient estimates and deposits, automated detection of variances between payer payments and contracted rates, and managed care agreement rate benchmarking and scenario modeling, MD Clarity enables the Revenue Cycle and Finance teams of healthcare organizations to boost their cash flow. With a decade-long track record capturing the complexities of managed care agreements within its software platform, MD Clarity has grown to serve more than 150,000 providers