The numbers in the patient liability space associated with medical billing are staggering. In 2017, $1.7T will be billed to insurance plans of which $258B will remain to be paid by patients. $151B will go left uncollected and transferred to a collection agency or adjusted to bad debt. These numbers continue to grow at 10% per year.
NOGGINTECHS is a
predictive analytics company that utilizes BIG data, machine learning and
process improvements to increase payment rates in the medical financial
services market. Utilizing our software
called RAPTOR™; medical practices and hospital systems can expect to see an
increase in payment rates by upwards of 25% or more. The power of RAPTOR™ is rooted Champion/Challenger
sample testing, account level propensity to pay scoring, and predictive
analytics which allows us to build unique payment profiles from any revenue
cycle management billing system. This
makes the NOGGINTECHS offering unique as we create and optimize financial
treatment plans specific to how a patient segment pays the practice or hospital
and not how they pay other debtors.