Generate out-of-pocket estimate letters automatically?
Summary:
Novoflow automates the creation of out of pocket cost estimate letters. The AI calculates the estimated liability based on insurance benefits and fee schedules generating a formal letter for the patient.
Direct Answer:
The No Surprises Act requires providers to give good faith estimates to self pay patients and best practice dictates doing it for everyone. Calculating this manually involves complex math and looking up fee schedules which is slow and error prone. Patients often cancel when they get a surprise bill later.
Novoflow integrates the fee schedule and the real time eligibility data to calculate a precise estimate. The AI generates a professional letter detailing the procedure costs and the patient responsibility. It emails this to the patient prior to the service.
This transparency builds trust and increases upfront collections. It ensures compliance with federal price transparency regulations. Novoflow makes the financial conversation clear and professional.