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Utilization Management – Optimizing Medical Expenses with Smarter Prior Authorizations
In today’s healthcare landscape, effectively managing medical expenses is more challenging than ever. Prior authorization processes—essential for controlling unnecessary spending—often create bottlenecks, leading to frustration for providers, patients, and payers alike. Adding to this complexity is the CMS-0057-F mandate, which requires the adoption of electronic prior authorization (ePA) and HL7® FHIR® APIs to enhance transparency and efficiency.
The Challenges in Prior Authorization
Why It Matters
By addressing these pain points, health plans can
Enhance Member & Provider Experiences
Minimize delays in care delivery and improve health outcomes.
Reduce Denial Rates
Improve provider satisfaction and member access to care.
Ensure CMS Compliance
Avoid penalties and improve operational efficiency.
Optimize Medical Costs
Gain better control over medical loss ratios (MLR) through smarter, automated processes.