Analytic software company Enclarity has released ProviderPoint 2.1, a software package which it claims is the first proven solution to accurately and automatically cleanse bad provider data.
According to the company, the US healthcare industry loses as much as $26 billion annually due to bad provider data, through billing errors, check reissues, fines, fraud and administrative costs. Enclarity say that its new software is capable of finding over 50% of that inaccurate data and fixing the errors overnight.
Every year, poor data quality in provider files costs healthcare payers money and sabotages efficient operations, said Sean Downs, Enclarity’s president and CEO.
In response, our vision is that clean data is the key to making healthcare more efficient. Taking the science of data perfected in aerospace and banking, Enclarity has developed the way to make healthcare data more reliable. With ProviderPoint, the problem of provider data errors can be solved quickly and permanently.