Olive at Work
See how Olive’s AI workforce can improve your financial performance and deliver transformation at scale.
The AI-Powered Hospital
Robots love robotic processes. Humans… not so much. Let Olive do what she does best, so your human workforce can focus on what matters most – like reinventing the future of healthcare.
More than 40% of denials originate from issues in eligibility, authorization, and medical necessity. Optimize scheduling and secure upfront financial clearance upfront to ensure patients receive timely, reimbursed treatment.
Eligibility & Insurance Discovery
Authorization & Notice of Admission
Olive reduces denials by checking for primary and secondary coverage at multiple points in the patient journey and updating records to provide up-to-date information before and after point-of-service.
Shrinking margins don’t fix themselves. Automate processes across the revenue cycle to improve your bottom line while driving greater efficiency and insight.
Revenue Cycle
Patient Access
Patient Access
Mid
Revenue Cycle
Patient
Financial Services
Mid
Revenue Cycle
Patient
Financial Services
Olive reduces revenue leakage by initiating payer notice of admission, determining whether an authorization is required, diligently checking the status of pending authorizations, and monitoring variance between pre-authorized and administered services.
Automated Appt Scheduling
Olive improves revenue capture by reducing no-shows and cancellations, initiating reschedules, and alerting patients of their upcoming appointments.
Case Management
ED & Urgent Care Coding
Charge capture management
30-40% of claims are denied due to lack of compliance with payer requirements. Ease the burden on staff while accurately capturing codes and charges to expedite reimbursement.
Olive allows nurses to handle a higher volume of patient cases while increasing the speed and accuracy of patient reviews - distributing work lists across nurses by evaluating payer review timeframes and nurse scheduling, and pre-populating templates with patients’ data.
Olive accelerates revenue collection and increases yield by resolving charging related errors, predicting areas for revenue and charge capture improvement, and assisting in departmental reconciliation.
Claims Status & Denials Actioning
Billing Edit Management
Nearly 50% of rejections and denials go unappealed or unworked. Accelerate collections with timely filings and efficient appeals.
Olive maximizes cash flow and accelerates revenue recognition by submitting remittances, resolving credit balances, and identifying and reconciling payment variances.
Olive enables efficient, compliant medical coding and optimizes reimbursement by automating the calculation and charge capture of E&M CPT codes based on documentation.
Olive accelerates cash flow and reduces write-offs by statusing claims early, frequently, and thoroughly. She goes above and beyond claim statusing by taking actions to resolve claims, such as submitting corrected claims and simple appeals. These actions minimize rework and allow staff to focus on more complex appeals.
Olive ensures timely and accurate fillings by proactively reviewing claims prior to reimbursement - identifying and reconciling the top pre-bill claim/account errors.
Revenue Cycle
Cash Management
Patient access
Mid
revenue cycle
Patient
financial services
Unnecessary supply chain expenses represent an average savings opportunity of $12.1 million per hospital.
Supply Chain
Medical Supply Spend Analysis
Preference Card Standardization
Inventory Management
Olive minimizes total supply chain expense by proactively reconciling price and contract changes, optimizing for clinically equivalent/low cost products, and reducing unique vendors and SKUs.
Olive optimizes ordering and expedites fulfillment by prompting physicians to make efficient spend choices while ensuring preference card accuracy and driving timely submission.
Olive reduces overhead and minimizes write-offs from expired products by predicting supply chain demand and right-sizing of both existing inventory and future purchasing to save hospitals money.
Simple, centralized tools and processes are increasingly becoming a differentiator for top healthcare talent.
Shared Services
HR Onboarding & Credentialing
IT Provisioning & Password Resets
3-Way Matching
In an industry that faces nearly 20% in annual turnover, employee experience matters. Remove administrative burden from HR, IT, Finance, and more to delight and retain your staff.
Olive streamlines and accelerates employee onboarding by automating new hire setup and tasks while also facilitating timely and accurate credentialing & licensure so physicians and practitioners adhere to compliance standards and are cleared to treat patients.
Olive simplifies employees’ system access and expedites user requests by following standard procedures for adding and removing user access to applications and automating password resets.
Olive optimizes cash management, increases accounts payable controls, and improves financial decision making by performing bank reconciliation and accounts payable matching across multiple disparate systems.
Spend smartly by optimizing contracting, sourcing, purchasing, invoicing, and inventory management.
In recent years, hospitals increased prescription drug spending by nearly 20% per admission.
Pharmacy
340(b) Management
Drug Authorizations
Formulary Optimization
Health systems waste nearly $800 billion annually on unused drugs. Expedite prescription ordering, fulfillment, and compliance while ensuring coverage and reimbursement.
Olive facilitates timely reimbursement for 340(b) subsidized care while ensuring regulatory compliance by compiling and auditing eligible prescription data, reconciling errors, and submitting reports in concert with 340(b) program management software.
Olive accelerates reimbursement by running reports to identify specific drugs ordered and facilitating authorization submission to payers.
Olive improves access and reimbursement for medications by maintaining robust, accurate, and updated formulary items while making recommendations to optimize hospitals’ prescription coverage and identifying discrepancies and inactive items.
87% of healthcare organizations struggle to scale their AI workforce beyond niche or point solutions - missing an opportunity to drive massive financial gains and efficiencies.
Enterprise
Go further, faster by investing in a connected AI workforce that drives impact across your organization and provides intelligence across the value chain.
An Olive AlphaSite allows providers to rapidly scale their enterprise-wide AI workforce, accelerating results and fueling innovation through an onsite command center with dedicated resources, secured by a performance-based contract that drives to a 5X ROI target. AlphaSite customers are identifying opportunities and accelerating results in every corner of their organization.
in annual cost savings across 16 workflows identified for 2100+ bed health system
across 6 functions in 30 days identified for 1300+ bed health system
$2.1
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Ready to Deploy an AI Workforce in your Organization?
Contact Us
Contact Us
Supply Chain
Pharmacy
Shared Services
Enterprise
Discover the Possibilities
Discover the Possibilities
Enterprise
Shared Services
Pharmacy
Supply Chain
Revenue Cycle
Invest in a Connected Enterprise
Workflows scoped by Olive across 15 functions
1,000+
Average impact identified in first year of AI workforce deployment
$10M
Opportunity is knocking
Work with our team to identify key sources of value across your organization.
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https://guidehouse.com/insights/healthcare/
2019/study-hospitals-annual-supply-chain-savings
https://revcycleintelligence.com/news/hospital-prescription-drug-spending-increased-18.5-per-admission
https://www.chicagotribune.com/opinion/
commentary/ct-perspec-medical-waste-health-care-costs-0102-20171229-story.html
https://www.cfo.com/ma/2019/12/accenture-adds-clarity-insights-to-ai-business/
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https://guidehouse.com/insights/healthcare/2019/study-hospitals-annual-supply-chain-savings
https://revcycleintelligence.com/news/hospital-prescription-drug-spending-increased-18.5-per-admission
https://www.chicagotribune.com/opinion/commentary/ct-perspec-medical-waste-health-care-costs-0102-20171229-story.html
https://www.cfo.com/ma/2019/12/accenture-adds-clarity-insights-to-ai-business/
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Supply Chain
Discover the possibilities
Pharmacy
Revenue Cycle
Shared Services
Supply Chain
Enterprise
Pharmacy
Shared Services
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automation opportunities
60
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automation opportunities