Readily is a healthcare compliance platform that automates repetitive regulatory tasks using AI to reduce administrative burdens. It consolidates and version controls internal policies and external regulations, providing a unified knowledge base for efficient research. The system accelerates gap analysis and audit preparation by instantly cross-referencing documents and drafting responses to compliance inquiries.
Funding
Funding not disclosed
Founders
Product
Problem
Healthcare organizations face a significant challenge in maintaining compliance with evolving regulations, often spending countless hours manually comparing policies and procedures against regulatory requirements. This process is time-consuming, prone to error, and strains resources, especially during audit preparation.
Solution
Readily offers an AI-powered compliance platform designed to automate gap analysis and streamline regulatory research. The platform compares an organization's policies and procedures against a comprehensive database of regulations, quickly identifying discrepancies and areas of non-compliance. By leveraging AI, Readily enables healthcare organizations to efficiently navigate complex regulatory landscapes, reduce the time spent on compliance tasks, and improve the accuracy of audit preparation. The platform provides verifiable answers with references from documents, ensuring trust and transparency in compliance efforts.
Target Audience
Readily is designed for healthcare organizations, including health plans and providers, that need to efficiently manage compliance with complex and evolving regulations.
Features
- AI-driven gap analysis comparing policies and procedures against regulatory requirements
- Regulatory research tool providing accurate answers grounded in a vast database of legislation
- Automated crosswalks mapping regulatory requirements to highlight overlap and conflicting regulations
- Document preparation feature finding supporting documents for audit requirements
- Secure data encryption to ensure data safety
- Instant lookup to retrieve relevant information in seconds