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Lyric.ai, a provider of artificial intelligence-based payment accuracy solutions for healthcare payers, has partnered with Codoxo, an AI-based cost-containment platform provider, to improve payment accuracy processes for health-plan payers.
Lyric will offer Codoxo’s ClaimPilot, Audit Scope, Payment Scope, Provider Scope, and Fraud Scope applications to its customers via LyricIQ, its artificial intelligence-as-a-service solution. LyricIQ says it uses artificial intelligence, machine learning, and predictive modeling to improve payment accuracy for payers on health plans. Making Codoxo’s applications available to health-plan payers will enable them to reduce the time for data review and collection, and to realize savings, Lyric says.
Codoxo says its Unified Cost Containment Platform helps businesses manage costs related to payment integrity, provider coding and billing, special investigation units, clinical care, and network management.
The partnership will also help accelerate the adoption of generative AI capabilities to ensure accurate payments and deliver increased savings, according to Codoxo chief executive and founder Dr. Musheer Ahmed.
“Health plans now have the opportunity to move toward a future of zero-touch payment integrity with innovation from Codoxo that brings significant automation to cost-containment processes,” Ahmend says in a statement. “Codoxo’s solutions perfectly complement Lyric’s AI-based payment-accuracy solutions, making this partnership a leap forward for the industry.”
Lyric, formerly known as ClaimsXten, says it has helped deliver up to $14 billion in annual savings to health-plan payers, which include nine of the top 10 health plans in the United States.
