Rhyme's LiveAuth network automates the prior authorization process by connecting payers and providers in real time, enabling touchless decision-making for over 2 million cases annually. This technology reduces delays and inefficiencies in healthcare approvals, enhancing satisfaction for all stakeholders involved.
Funding
$25M 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
The traditional prior authorization process in healthcare involves lengthy manual steps, creating delays and inefficiencies for payers and providers. This often leads to frustration for all parties involved, including patients awaiting necessary care.
Solution
Rhyme's LiveAuth network streamlines prior authorizations by connecting payers and providers in real time, facilitating touchless decision-making. The network integrates directly into existing EHR systems, automating steps in the authorization process and connecting the right parties when human intervention is required. By fostering collaboration and transparency, LiveAuth aims to accelerate the time to proper care, increase provider satisfaction, and improve the overall patient experience. The platform's LiveAuth score provides a metric to gauge efficacy and accountability within the process.
Target Audience
The primary users are healthcare providers seeking real-time payer connections within their EHR and payers aiming to accelerate the prior authorization process while improving provider satisfaction.
Features
- Real-time connectivity between payers and providers within a unified network
- Automated prior authorization process with human backup for complex cases
- Integration with existing EHR systems for seamless workflow
- Public LiveAuth score to measure and track network efficacy
- Collaborative platform promoting transparency and accountability