( MENAFN - PR Newswire) Initial product launch reveals significant financial benefits for payers and providers OAK BROOK, Ill., May 22, 2024 /PRNewswire/ -- Avaneer Health , a decentralized digital network and platform for simplifying the business of healthcare, today announced that it has launched Avaneer Coverage DirectTM for healthcare payers and providers. Avaneer Coverage Direct proactively delivers accurate, real-time health insurance coverage information on a secure, peer-to-peer network of payers and providers, lowering operations and systems costs while enhancing the patient/member experience.
Current and accurate coverage information is vital for efficiently managing claims, avoiding denials, facilitating timely provider reimbursement, and minimizing unnecessary administrative complexities for consumers. Today, providers use multiple electronic data interchange (EDI) transactions with limited discovery capability, manual processes, and retrospective analytics. Avaneer Health takes a new and different approach.
Payers and providers connect directly to Avaneer Health's decentralized network where Avaneer Coverage Direct provides enhanced discovery and updates of insurance coverage information in near real-time. Further, the proactive updates provide a holistic view of active, inactive, and upcoming coverage, including new or secondary coverage when available. "Avaneer Coverage Direct gives both the care provider and the payer confidence that they each have the latest .