Arrow is a healthcare technology company that facilitates real-time, precise payments between healthcare providers and payers through automated claim operations and predictive analytics. The platform addresses the inefficiencies of the current payment system, ensuring faster transactions and reducing errors in claims processing.
Funding
Funding not disclosed
CHFounders
Product
Problem
The current healthcare payment system is slow, inefficient, and prone to errors, leading to a frustrating experience for patients, providers, and health plans. Manual claim processing and lack of transparency contribute to delays and inaccuracies in payments.
Solution
Arrow provides a platform that facilitates real-time, precise payments between healthcare providers and payers through automated claim operations and predictive analytics. The platform accelerates claims processing, reduces errors, and provides transparency into the revenue cycle. By automating claim adjudication, detecting errors before submission, and offering real-time claim status updates, Arrow ensures faster and more accurate healthcare payments for both providers and health plans. The system also simplifies EOB and ERA data ingestion, offers revenue intelligence, and monitors payment integrity.
Target Audience
Arrow's primary customers are healthcare providers and health plans seeking to streamline payment processes, reduce administrative burdens, and improve revenue cycle management.
Features
- Automated claim adjudication to reduce manual workload
- Error detection in claims before submission to prevent denials
- Predictive analytics to understand claim payment amounts and timing
- Real-time claim status updates and alerts direct from payers
- Denial management with root cause analysis and one-click fixes
- Simplified EOB and ERA data ingestion into a centralized format
- Revenue intelligence with actionable insights into the revenue cycle
- Payment integrity monitoring for underpayments and overpayments
- Real-time payment facilitation with easier ERA messaging
- Full clinical data exchange to enable value-based care models