New Myndshft Offering on UiPath Marketplace Creates Automated
Prior Authorization Workflow to Reduce Cycle Time by 90%
PHOENIX , May 3, 2022
/PRNewswire/ -- Myndshft, a leading
provider of automated prior authorization and real-time medical
benefits check technology, is collaborating with
UiPath, (NYSE: PATH), a leading enterprise
automation software company, as part of the UiPath
Tech Alliance Program.
Myndshft is an all-in-one platform for automating benefits
verification and eligibility, insurance discovery, patient
financial responsibility, and electronic prior authorization at the
point of care. UiPath offers the industry's only end-to-end
automation platform for automating complex, repetitive tasks and
processes. Now available through the UiPath Marketplace, Myndshft
creates significant synergies for both healthcare providers and
payers looking to increase staff productivity, reduce costs, and
boost patient satisfaction.
"UiPath is a leader in enterprise automation for healthcare and
Myndshft uniquely solves the challenges of real-time medical
benefits verification and prior authorization, so this
collaboration adds tremendous value for customers," said
Ron Wince, CEO of Myndshft. "With
the Myndshft workflow package via UiPath, providers and payers can
seamlessly automate data flows from various systems into Myndshft
to obtain an immediate and simplified response without leaving
their current application."
The combination of UiPath and Myndshft creates an automated
prior authorization workflow regardless of the Electronic Health
Record (EHR). Myndshft delivers instant access to benefits
information, organizes payers according to payment responsibility,
and calculates the most current patient financial responsibility.
Informing the provider when a prior authorization is required,
Myndshft then submits relevant documentation through the payer's
preferred channel. Myndshft also identifies new payers that can
cover services for the patient, even if they weren't disclosed by
the patient directly.
The combined solution of Myndshft and UiPath saves providers an
average of 50 minutes across benefits and prior authorization
processes, and reduces the labor cost per patient by an average of
30%. By pre-checking prior authorizations for medical necessity and
missing or incorrect information, Myndshft eliminates the
back-and-forth in the authorization process and enables providers
to get paid faster, with less effort and reduced risk.
Myndshft enables payers to automate prior authorization
adjudication and serves as a decision support engine to streamline
complex utilization management processes. Using UiPath and Myndshft
together, payers can send automated approval notifications within a
provider's electronic medical records (EMR) system and route
denials for review without needing to spend costly administrative
resources.
"With the combined aim of enabling better patient care
faster by reducing manual operational tasks and introducing huge
operational efficiencies, Myndshft and UiPath are helping
healthcare organizations advance their automation journeys," said
Jagjit Dhaliwal, Vice President and
Global CIO Industry Leader at UiPath. "By automating the many
thousands of manual transactions that slow down healthcare
environments every day, these organizations can modernize at scale
for the digital age."
The Myndshft packages, now available in the UiPath Marketplace,
are a new way to access and use Myndshft's automated suite of
patient intake software.
About Myndshft
Myndshft's software-as-a-service
automates and simplifies time-consuming healthcare administrative
tasks associated with prior authorization, eligibility, and
benefits verification, and patient financial responsibility,
freeing providers and payers to concentrate more fully on patient
care. Myndshft works with leading providers, payers, and health
information exchanges. For more information, visit
myndshft.com.
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SOURCE Myndshft