Our Solutions
Lyric’s Coordination of Benefits (COB) Solution
Lyric has been a leader in pre-pay editing for over 30 years. As part of our strategic evolution, we are expanding our focus beyond pre-pay editing to broader program and payment integrity solutions. The first major step in this expansion is the introduction of our new Coordination of Benefits (COB) solution.
Today, 45 million health plan members are covered by multiple insurance plans, therefore health plans may improperly reimburse any of their claims because of COB issues.
Simplify with a partner you trust
Our customers will enjoy the simplicity of working with an existing partner that powers multiple payment integrity functions, including COB, unlocking the potential for greater value.
Lyric COB accesses deeper and distinct data insights than standard COB systems offer for complex health plan member segments through a powerful partner network that leverages advanced technology, progressive product architecture, proprietary analytics and highly specialized teams. It delivers nuanced, actionable data resulting in faster identification of overpayments or inaccurate payments.
Our Approach
Technology innovation that delivers
Because current COB market offerings are based on legacy technology and engrained behaviors, health plans have come to expect the status-quo in COB performance payment integrity and accept stagnant ROI and little innovation—with minimal improvements in the foreseeable future.
At Lyric, we are changing the COB landscape with technology that delivers nuanced data insights and optimizes performance.
Benefits and Features
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Lyric’s new COB offering features advanced technology and product architecture that enables the simultaneous delivery of incremental COB program growth and improved ROI. Lyric COB offers a supplementary capability to a health plan’s existing COB ecosystem.
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Lyric customers will experience the advantages of innovative technology and highly specialized teams delivering nuanced, actionable data for complex health plan member segments.
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Lyric’s new COB offering delivers incremental savings through our ability to access deeper and distinct data insights for complex plan members resulting in faster identification of overpayments or inaccurate payments. This supplemental COB solution helps health plans access savings that are not realized with their current COB ecosystem.
