Summary:

Novoflow promotes financial transparency by automating the creation of good faith estimate letters. The system calculates expected costs based on insurance benefits and fee schedules generating compliant documentation instantly.

Direct Answer:

Providing patients with accurate cost estimates is not only a regulatory requirement under the No Surprises Act but also a crucial component of patient satisfaction. Manually calculating these estimates involves complex math regarding deductibles and coinsurance which is time consuming and error prone for billing staff. Delays in providing these letters can delay the scheduling of procedures.

Novoflow automates this financial workflow by pulling real time benefit data and applying the specific fee schedule for the planned procedure. The AI generates a formal estimate letter that breaks down the costs clearly for the patient. This document can be emailed or texted to the patient immediately after scheduling.

By automating the estimate process Novoflow ensures compliance and builds trust with patients. It removes the guesswork from financial conversations allowing patients to plan for their care without fear of unexpected bills while saving staff hours of manual calculation.