MESA, Ariz.--(BUSINESS WIRE)--Myndshft Technologies, developer of CognitiveBus®, the first cognitive blockchain platform for healthcare, today announced the release of CognitiveBus Claims Management Suite (CB.Claims), an end-to-end healthcare claims management solution enabled by blockchain and artificial intelligence. CB.Claims will be generally available in October 2018 and Myndshft will be demonstrating CB.Claims at Becker’s Health IT + Revenue Cycle Conference, being held September 19th through 22nd at the Hyatt Regency in Chicago, Illinois. Along with other members of the team, CEO Ron Wince will be personally present at the booth as well as holding an innovation presentation on Friday, September 21, 2018 at 1:15pm.
Managing revenue cycle and claims continues to present challenges to payers, providers, pharmacies, laboratories, benefits managers, and patients. CB.Claims automates the end-to-end process and provides real-time synchronization of data and transactions through distributed ledger technology. This new solution is supported by M:IATM, Myndshft’s award winning intelligent process automation application and is built on CognitiveBus, an enterprise-grade AI/ML blockchain based platform.
“Every day our clients – both providers and payers – share their frustrations and the frustrations of their customers with the current state of managing claims and the fragmented processes involved,” stated Ron Wince, founder and CEO of Myndshft Technologies. “The CognitiveBus Claims Management Suite is the most advanced, integrated solution on the market and is a significant improvement on the point solutions available in the market today.”
Myndshft’s CB.Claims quickly integrates with existing applications, EMR’s and workflows and can be deployed in as little as a few weeks. The solution includes multiple modules including enrollment, eligibility, prior authorization, and status monitoring and can be implemented as a full suite or as single applications quickly, with minimal risk and rapid time to value. Over the next few months Myndshft will be adding additional modules for claims submissions, auto adjudication, compliance and credentialing.
“CB.Claims automates localized, intracompany processes with M:IA but also automates intercompany transactions across parties through smart contracts which are inherent in CognitiveBus.” Wince said. “When combined with our fully integrated AI and machine learning platform clients are able combat fraud, waste and abuse along with other challenges which benefit from access to transactional data and machine learning. We also see the potential to increase collaborations between the normally siloed parties that make up the claims management landscape in healthcare.”
Attend our innovation presentation on Friday, September 21, 2018 at 1:15pm or visit our booth to be one of the first to see how our Claims Management Suite can increase efficiency and transparency in your healthcare organization. Learn more at myndshft.com/Beckers.
About Myndshft Technologies
Myndshft is working at the intersection of blockchain and artificial intelligence. Through CognitiveBus®– a first of its kind cognitive blockchain platform, Myndshft Technologies is simplifying enterprise-grade AI and unlocking the insights hidden in the massive and growing data universe. For more information about Myndshft Technologies, visit myndshft.com.