Rapid Care's iLake

Provides Artificial Intelligence as a service for Revenue Cycle Management by blending OCR and large scale payments processing system.

iLake manages the entire Revenue Cycle Chain from patient registration to final payment

Rapid Care has been adjudged as one of the top ten most promising medical billing service providers in the contemporary world. We provide end-to-end revenue cycle management solutions that cover an extensive array of services. Now, Rapid Care has developed a Comprehensive software suite called "iLake" packed with the most essential tools that caters the entire Revenue Cycle like ensuring timely reimbursement while maintaining a high level of patient satisfaction and regulatory compliance.

  • Pre-registration and registration services
  • Insurance Verification
  • Comply with healthcare regulations such as HIPAA, billing guidelines, and payer policies
  • With Live Reporting on revenue cycle performance - track key metrics and identify bottlenecks.
  • Optimize processes for better financial health

Now Stay Proactive with iLake's Predictive Analytics Powered by WHITE

By analyzing historical claim data based on the given context, iLake software can help predict when a payment delay may occur or which claims are at higher risk for delayed reimbursement, allowing providers to take preventive action. Healthcare regulations are complex and can change frequently, iLake helps providers to stay up to date to avoid compliance issues. Now with Rapid Care's iLake enterprise platform, the following issues are improvised in the RCM workflow:

  • Incorrect coding
  • Reduction in collection rates
  • Delay in reimbursements
  • Insurance eligibility issues
  • Missing documentation

Document Verification

iLake can process insurance related documents such as policies, coverage details, and authorization forms more efficiently, extracting key data points to streamline the process of verifying insurance and checking eligibility.

Patient Policy Matching

iLake powered by WHITE's RNN can process patient records and match with insurance policy information to predict eligibility and coverage details. Ensures timely and accurate verification of insurance eligibility, preventing billing issues related to incorrect insurance details.

Exclusive Live Dashboard

Now our clients can view their patient demographics, insurance data, and payment history which helps them to develop personalized strategies to improve the overall efficiency of their accounts receivable processes.

Entry Automation

Many processess of current Medical Billing require entering data from various documents into electronic systems for claim management. iLake can automate data extraction from these documents, reducing the time and potential for human error in data entry & upload tasks.

Fraud Detection

iLake can help detect fraud by analyzing the patterns using advanced text processing in healthcare billing data records. It can flag unusual billing patterns, such as overbilling or duplicate billing, by recognizing anomalous text or inconsistent terms across claims.

Enhanced approach to manage Claims and Denials

iLake powered by WHITE can be used to extract relevant details from denial letters, understand the reasons for denials, and suggest corrective actions. It can also help identify trends in claim denials and assist in taking proactive measures to avoid these issues in the future.

With iLake now streamline medical billing by automating tasks, reducing errors, and improving efficiency. It is a carefully designed platform to handle the complexities of medical language and billing requirements.