Fig Medical provides an end-to-end platform to manage the entire prior authorization process from submission through approval. Their smart processing technology ensures submissions are complete and accurate, which reduces denials and delays for healthcare providers. The HIPAA-compliant system integrates seamlessly with existing workflows to keep focus on patient care.
Funding
$150K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Healthcare providers face significant administrative burdens and delays due to the complexities of prior authorization processes. Lack of transparency in payer guidelines and inefficient manual workflows lead to increased denials and delayed patient care.
Solution
Fig Medical offers a software solution that streamlines the prior authorization process by integrating directly into electronic health records (EHRs). The platform provides real-time transparency into payer-specific guidelines at the point of order, ensuring requests are complete and accurate before submission. By automating data gathering and submission, Fig Medical reduces administrative overhead, minimizes denials, and accelerates the approval process, ultimately improving patient access to necessary treatments. The system leverages intelligent algorithms to predict approval likelihood and suggest necessary documentation, further optimizing the prior authorization workflow.
Target Audience
Fig Medical primarily targets healthcare providers, including physicians, nurses, and administrative staff, as well as hospitals and clinics seeking to improve their prior authorization efficiency and reduce administrative costs.
Features
- Real-time integration with leading EHR systems for seamless workflow integration
- Automated data extraction and population of prior authorization forms
- Intelligent rule engine that interprets payer guidelines and identifies potential issues
- Predictive analytics to assess the likelihood of approval based on patient data and payer rules
- Automated submission of prior authorization requests to payers
- Real-time tracking of request status and automated alerts for required actions
- Comprehensive reporting and analytics to identify trends and optimize prior authorization strategies