This week at Health 2.0, PokitDok announced that we have officially eliminated charges for essential transactions with insurance carriers - and let’s just say, the announcement was a hit. Our goal with this change is to drive down the overhead costs often absorbed by provider groups, benefit enrollment administrators and digital health companies. What this means is that now, when using our X12-compliant Application Programming Interfaces (APIs), the former transactional fees for enrollment, eligibility, claims, authorizations and medical referrals calls- are no longer.
CEO Lisa Maki and the Wall Street Journal’s Tim Hay took the Health 2.0 stage last night to talk more about this evolution along with PokitDok’s place in the space at large.
Lisa discussed the PokitDok mission and our goal being to drive the operational cost of healthcare down and to put the dollars saved back into the provider and patient’s pockets. In yesterday’s press release she also noted, “We are removing waste in the business of health through open APIs based on X12 and other trusted healthcare standards. Until now, healthcare costs have been inflated by business processes and models today’s technologies make obsolete, such as clearinghouse charges for processing common transactions like checking patient coverage and submitting claims. Today’s announcement is the latest step in PokitDok’s mission to remove waste and increase value at every level, including the individual transactions that underlie the business of health.”
When Hay asked Maki about another industry example utilizing the power of the API economy, she said, “A great example is Amazon,” she said. “Jeff Bezos, when he first sold you a book, had to connect a small book seller, a transportation company and a payment company. And when he first did that those were all disparate systems that had to be connected, which he ultimately did with software. And when he perfected it, he released it as a group of APIs we now call Amazon Web Services. When you use Uber, you’re using APIs of several different companies. Uber just combined them into a user experience.” This morning’s MedCity News article also discussed this comparison.
Ultimately, PokitDok’s goal is to introduce a more streamlined, modern and cost effective approach to healthcare transactions and do whatever is necessary to improve interoperability in the business of health. Read more about yesterday’s announcement by accessing the full press release, the MedCityNews article and the mobihealthnews piece. Also, take a look below at a few real-time reactions to the announcement on Twitter.
- PokitDok Officially Eliminates Charges for Essential Electronic Healthcare Transactions - October 7, 2021
- Bringing ICD-10 to the Masses - October 6, 2021
- Eleven ICD-10 Codes You Won't Believe & a Solution for the Transition - October 2, 2021
- PokitDok Attracts Top Executive Talent for Expansion in Healthcare - September 22, 2021
- Why Checking Patient Eligibility Is Such A Big Deal - September 14, 2021
- Vote for PokitDok CEO Lisa Maki to Speak at SXSW 2016! - September 4, 2021
- EMRs, EHRs & PHRs: What They Are & What to Know - August 25, 2021
- Introducing The PokitDok Eligibility App - August 6, 2021
- High Deductible Health Plans: What do they mean and what will the future hold? - August 4, 2021
- High Deductible Health Plans: Are They Right For You? - July 30, 2021
Tags: Dev, Enterprise