Verata Health CMO to Speak at HFMA Revenue Cycle Conference
January 15, 2020
Verata Health Chief Medical Officer, Dr. YiDing Yu, will review the financial impact of prior authorizations and share success stories from New England Baptist Hospital.
BOSTON (January 15, 2020) – Dr. YiDing Yu, Chief Medical Officer at Verata Health, will be presenting with Jon Shaker of New England Baptist Hospital (NEBH), at the HFMA Massachusetts-Rhode Island Revenue Cycle Conference on Friday, January 17, 2020. Together, Dr. Yu and Shaker will discuss the prior authorization challenges faced at NEBH, the process of implementing artificial intelligence at the hospital, and how Verata’s technology has dramatically improved patient throughput, prevented surprise medical bills, and reduced hospital write-offs.
A member of Beth Israel Lahey Health based in Boston, Massachusetts, New England Baptist Hospital is ranked one of the country’s top hospitals for orthopedics and the exclusive hospital partner of the Boston Celtics. Jon Shaker is Executive Director of Surgical Business Operations & Patient Access at NEBH, and has spearheaded innovations at the hospital to streamline surgical scheduling and improve patient satisfaction.
“We’re extremely excited to present at HFMA’s Annual Conference this week in Foxboro. New England Baptist Hospital has implemented new processes and technologies that are not only improving our operations and financial health, but also improving the care and customer service we deliver to our patients,“ said Shaker. “We’ve partnered with Dr. YiDing Yu and Verata Health to dramatically increase patient access, reduce write-offs, and decrease turnaround times for prior authorizations. We’re looking forward to sharing new ideas and strategies with attendees and helping them to do the same.”
Dr. Yu and Shaker will share the success stories and lessons learned from the hospital’s implementation of Verata Health’s artificial intelligence technology. Automating both simple and clinically-complex prior authorization for all payers, Verata Health enables Frictionless Prior Authorization to streamline operations, improve timely access to care, and reduce surprise medical bills for patients and costly write-offs for doctors and hospitals.
“Prior authorizations are the most expensive administrative task a hospital or clinic undertakes. Beyond the cost of $20-50 per submission, it costs tens of thousands of dollars per physician in patient delays and insurance write-offs every year,” said Dr. Yu, who is a practicing physician in Boston, lecturer at Harvard Medical School, and Chief Medical Officer at Verata Health. “My hope is to increase awareness of this issue and demonstrate how emerging technologies like Verata can relieve those costs, and refocus our efforts on delivering the best patient care.”
HFMA is a national association dedicated to improving financial management among health care organizations. Its two-day Massachusetts-Rhode Island Revenue Cycle Conference, “2020 Vision: See Your Revenue Cycle Succeed!” will be held at Gillette Stadium, home of the New England Patriots, and will feature prominent speakers covering revenue cycle topics affecting hospitals and health systems today.
About Verata Health
Verata Health is a physician-led company changing the way medical practices and hospitals tackle the challenges presented by obtaining prior authorization. By leveraging powerful artificial intelligence, Verata Health automates both simple and complex prior authorizations to deliver immediate financial value and help patients get the right care at the right time. For more information please visit http://www.veratahealth.com.
Read the full press release here: https://www.prweb.com/releases/verata_health_cmo_to_speak_at_hfma_revenue_cycle_conference/prweb16834135.htm