Retrace utilizes intelligent automation and predictive analytics to streamline the dental billing process, ensuring real-time validation of treatment plans and instant payment processing. This platform addresses the inefficiencies of fragmented systems in oral health care, enabling providers to receive accurate payments with a 99% clean claim rate and 98% auto-adjudication.
Funding
$18M 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 oral healthcare industry faces challenges with fragmented systems, leading to complexities in billing, claims processing, and payment cycles. This disarray results in delays, inaccuracies, and increased administrative burdens for providers, payers, and patients.
Solution
Retrace offers an AI-powered platform designed to streamline the dental billing process and connect oral healthcare stakeholders. The platform provides real-time validation of treatment plans, automates claims adjudication, and facilitates instant payment processing. By connecting providers, payers, and patients through a unified system, Retrace eliminates inefficiencies, reduces claim denials, and accelerates reimbursement cycles. The system adapts to existing workflows, offering a comprehensive solution that simplifies administrative tasks and improves payment accuracy.
Target Audience
Retrace targets oral healthcare providers seeking faster and more accurate payments, payers aiming to streamline claims processing, and patients desiring transparency in billing and coverage.
Features
- Real-time determination of benefits, coverage, and eligibility
- Automated claims adjudication with a 98% auto-adjudication rate
- Instant payment processing for providers
- A centralized system for claims support documents and communication
- Electronic claims submission and tracking
- Integration with existing practice management systems
- HIPAA and SOC 2 Type II compliance for data security