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What is Sophical Solutions?

By concentrating on a select number of premium prices and implementing more competitive pricing strategies, we enhance our capacity to generate additional net revenues. This is accomplished by reducing or removing the gaps between charges and negotiated rates for contracts that include "lesser of" clauses. In addition, we increase net revenues through the detection and recovery of underpayments. Our customized models serve each client effectively, as we refrain from confining their data to a generic software solution. These tailored models achieve high accuracy because we carefully analyze every contract, model all pertinent terms, confirm the alignment between plan codes and insurance products, and perform thorough testing on our models. We consider every reimbursement impacted by price changes, which results in the most accurate predictions available in the industry. Moreover, our pricing methodology is not only defensible but also straightforward and comprehensible for patients, ensuring our pricing structures are logical and appropriately tiered. Ultimately, this comprehensive approach significantly boosts revenue generation while upholding transparency and fairness in our pricing practices, fostering trust between us and our clients.

What is Aroris360?

Aroris360 is a dedicated contract management solution specifically designed for the healthcare industry, focusing on the digitization, organization, and analysis of payer contracts to improve revenue insights and operational effectiveness. By transforming conventional paper contracts into a digital, searchable database, the platform enables quick access to contract specifics, allows for side-by-side comparisons, and automates compliance alerts that simplify the renewal process while enhancing negotiation strategies. This system integrates payer contracts, fee schedules, and claims data into one cohesive platform, seamlessly connecting with clearinghouse files to support real-time payment processing and maintain a comprehensive claims history. Furthermore, Aroris360 provides advanced analytics that examine payer composition, coding methodologies, and revenue patterns, equipping organizations to identify discrepancies between negotiated rates and actual payments, detect underpayment situations, and uncover opportunities for further improvements. In addition to streamlining contract management, this powerful tool ultimately empowers healthcare organizations to achieve superior financial performance and operational clarity. By leveraging its capabilities, organizations can not only enhance their revenue cycle management but also foster better relationships with payers through informed negotiation practices.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

24 Hour Support
Web-Based Support

Training Options

Documentation Hub

Training Options

Documentation Hub
Online Training

Company Facts

Organization Name

Sophical Solutions

Company Location

United States

Company Website

www.sophicalsolutions.com

Company Facts

Organization Name

Aroris Health

Date Founded

2021

Company Location

United States

Company Website

www.arorishealth.com/aroris360-contract-management-software/

Categories and Features

Payment Processing

Bitcoin Compatible
Mobile Payments
POS Transactions

Categories and Features

Contract Management

Not specified

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