In the labyrinthine world of healthcare finance, few issues resonate as profoundly with health plan managers as the challenge of payment accuracy. As McKinsey's alarming statistics suggest, administrative costs within healthcare are staggering, consuming nearly a quarter of total healthcare spending.

Payment integrity is pivotal in the healthcare industry, ensuring that claims are processed accurately and in compliance with policy requirements. This integrity is upheld through two critical stages in the claims process: Pre-Pay and Post-Pay edits.

The field of genetic testing is rapidly evolving––presenting both challenges and opportunities in healthcare management. Genetic testing has exploded over the past decade, rocketing from 10,000 available tests in 2012 to over 175,000 today –– a 1650% increase, and it's estimated that another ten new tests are introduced daily.

As we step into 2024, a pivotal year for healthcare technology, Lyric's visionary leaders offer their expert insights. This blog delves into the transformative potential of key areas for healthcare, including AI, cybersecurity, regulation, patient-centric care, and more—seen through the eyes of those at the forefront of the industry. Join us in exploring these authoritative predictions, each a beacon guiding the future of healthcare, with Lyric leading the charge towards a revolution in health and well-being.

Lyric’s Chief AI Officer, Akshay Sharma recently spoke at Becker’s Healthcare Payer Roundtable. Here’s a his take on the event.

I was honored to have the opportunity to speak at Ted AI, the first AI-dedicated Ted conference. The event, held in San Fransisco in October, brought together leaders on the forefront of advancing AI from across the world. Here are my top five takeaways.