Alchemy fundamentally changes the way data moves in healthcare, removing the need for standardized formats.
One third of healthcare premiums go to administrative overhead, making US healthcare administration costs are the highest of any country in the world. Alchemy’s artificial intelligence engine transforms the business of healthcare by automating expensive administrative tasks, eliminating manual data formatting, and reducing wasteful spending.
Collecting and integrating information from providers, hospitals and delivery networks requires either standardized formats– which have poor response rates or expensive manual data entry and translation. In both cases, administrative costs balloon as the volume of healthcare data expands.
Alchemy empowers health plans and systems to take in data from providers through a drag-and-drop web portal and in a few minutes the information is downloadable in both industry-standard and custom formats. Files complete in minutes and are ready to load into internal directory, claims or CRM systems.
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