TrueClaim

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TrueClaim is an AI-powered hub that helps self-insured employers optimize healthcare benefits, identify savings opportunities, and provide transparency across pharmacy, care navigation, and billing errors.
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TrueClaim

Product Information

Updated:Nov 9, 2024

What is TrueClaim

TrueClaim is an innovative healthcare technology solution founded in 2023 by Barbora Howell and Bobby Bayer. It is designed specifically for HR and benefits leaders at self-insured companies to address the rising costs of healthcare while improving employee satisfaction. Using artificial intelligence and newly available healthcare data, TrueClaim aims to save self-insured companies an average of 7% on their healthcare costs. The platform continuously reviews 100% of healthcare invoices to detect billing errors, pharmacy savings, and care navigation opportunities.

Key Features of TrueClaim

TrueClaim is an AI-powered hub for self-insured employers that provides healthcare cost containment solutions. It uses medical claims, documentation, and price transparency data to automatically identify savings opportunities across pharmacy, care navigation, and billing errors. The platform offers real-time insights, automated workflows, and a solutions team to help employers reduce healthcare costs while improving employee satisfaction.
AI-Powered Cost Analysis: Uses AI to analyze healthcare spend and compare to national benchmarks, providing insights into costs and potential savings.
Automated Savings Detection: Continuously reviews 100% of healthcare invoices to detect billing errors, pharmacy savings, and care navigation opportunities.
Real-Time Dashboards: Offers AI-enabled dashboards for real-time reporting and transparency into healthcare spending.
Member Support: Provides a solutions team that works directly with employees to deliver savings and offer healthcare guidance.
Workflow Automation: Automates workflows using standard operating procedures to increase efficiency for benefits teams.

Use Cases of TrueClaim

Self-Insured Employer Cost Reduction: Helps self-insured companies identify and realize savings of up to 7% on their healthcare costs.
Benefits Consultant Enhancement: Enables benefits consultants to offer more value to clients through advanced cost containment and analytics tools.
Employee Healthcare Navigation: Assists employees in finding high-quality, affordable care options and navigating complex healthcare decisions.
Pharmacy Spend Optimization: Identifies opportunities for savings on prescription drugs by comparing to cash-based alternatives and optimizing formularies.

Pros

Potential for significant cost savings on healthcare spend
Improves transparency and insights into healthcare costs
Offers both technological solutions and human support

Cons

May require integration with existing systems and data sources
Effectiveness may vary depending on the specific healthcare landscape and employer size

How to Use TrueClaim

Sign up for TrueClaim: Visit the TrueClaim website and register for an account as a self-insured employer or benefits consultant.
Connect your healthcare data: Integrate your medical claims, documentation, and price transparency data with the TrueClaim platform.
Review healthcare spending insights: Use TrueClaim's AI-powered hub to analyze your healthcare benefits spend and compare to national benchmarks across different categories.
Identify savings opportunities: Let TrueClaim automatically detect savings opportunities across pharmacy, care navigation, and billing errors using its AI and custom rules.
Implement recommended savings: Work with TrueClaim's solutions team to implement the identified savings opportunities for your company and employees.
Provide employee support: Leverage TrueClaim's solutions team to assist your employees directly with healthcare-related inquiries and savings opportunities.
Monitor ongoing insights: Continuously review your healthcare consumption and spending patterns through TrueClaim's real-time AI-enabled dashboards.
Plan for future healthcare needs: Use TrueClaim's planning tools and solutions team to prepare for upcoming procedures or treatments.

TrueClaim FAQs

TrueClaim is an AI-powered hub that helps self-insured employers analyze and optimize their healthcare benefits spending, identify savings opportunities, and provide transparency. It aims to save companies 7% on healthcare costs.

Analytics of TrueClaim Website

TrueClaim Traffic & Rankings
1.1K
Monthly Visits
#12683357
Global Rank
-
Category Rank
Traffic Trends: Jul 2024-Nov 2024
TrueClaim User Insights
00:00:03
Avg. Visit Duration
1.16
Pages Per Visit
60.78%
User Bounce Rate
Top Regions of TrueClaim

  1. US: 100%

  2. Others: 0%