Canvas Medical vs. ABN Assistant

Healthcare delivery organizations, from nimble telehealth startups to large health plans with extensive member bases, leverage Canvas software and APIs to swiftly create cutting-edge patient experiences and business models, all while achieving significant cost savings relative to traditional approaches. This illustrates the unique benefits offered by Canvas. Forward-thinking teams need an electronic medical record (EMR) and payment solution tailored for both healthcare practitioners and software developers. Our platform integrates all essential elements to effortlessly combine contemporary digital patient interactions, care methodologies, and financial systems. The Canvas platform supports the synchronization of care services and payment options for businesses providing direct-to-consumer virtual care, handling intricate at-risk patients, and everything else in between. Established medical practices can utilize the Canvas platform to remain proactive amidst industry changes and cultivate innovative partnerships between payers and providers. Functioning as a headless EMR, Canvas encompasses built-in payment solutions and processes for insurance reimbursement. By implementing Canvas, organizations can accelerate the creation of new patient experiences, ensuring that their care teams lead the charge in healthcare innovation. Investing in Canvas not only boosts operational efficiency but also positions your organization as a frontrunner in the dynamic healthcare environment, paving the way for future advancements in patient care. Ultimately, embracing Canvas is a strategic decision that aligns with the needs of modern healthcare delivery.

Denials of medical necessity pose a substantial financial strain on healthcare providers, leading to potential losses that can soar into the millions each year due to write-offs, coupled with the costly labor required to investigate and challenge these denials while also managing patient inquiries. On the other hand, payers encounter similar difficulties within the claims management framework, facing costs associated with unnecessary medical treatments and the resources allocated to address denial appeals, none of which enhance patient outcomes. Moreover, patients endure high copays and out-of-pocket costs, alongside a stressful healthcare journey filled with unjustified charges and services. In response to these challenges, the ABN Assistant™ from Vālenz® Assurance provides providers with vital tools for prior authorization that confirm medical necessity, create Medicare-compliant Advanced Beneficiary Notices (ABNs) with estimated costs, and effectively mitigate over 90 percent of medical necessity denials by validating necessity prior to patient care. By implementing this innovative system, healthcare providers not only bolster their financial stability but also elevate patient satisfaction and streamline the efficiency of care. Thus, the comprehensive approach offered by Vālenz® has the potential to reshape the landscape of healthcare delivery by minimizing unnecessary costs for all parties involved.