Our Solutions
LyricIQ is an AI-powered payment accuracy service.
The business of care is evolving. With advances in technology, processes that once were cumbersome can now be more efficient and data can be quickly analyzed by Lyric’s teams. Backed by Lyric’s 30 years of unrivaled clinical content expertise as ClaimsXten, LyricIQ’s advanced technological capabilities drastically reduce the timeline for data collection and review and, most importantly, reduce the time to realization of savings—from years and months to weeks.
How Our Model Works
Data Inputs
Claims
Prior Authorizations
Provider Contracts
Electronic Medical Records
LyricIQ
Value-Focused Methodology
Human Expertise
Techology
Opportunity Identification
Cost of Care
Savings
Value Visualization
Value Roadmap
LyricIQ is the evolution of payment integrity.
LyricIQ is an AI-powered payment accuracy service that collects and evaluates customer data through a secure and straightforward integration.
This process identifies claims trends and forms predictive models for a comprehensive review. Leveraging AI-generated insights, Lyric’s seasoned team of data scientists and clinical experts identify potential opportunities for payment error reductions, substantial cost savings, and future value realization. With the implementation of LyricIQ’s advanced technological capabilities, the timeline for data review, collection, and realization of savings is drastically reduced, transforming years and months into mere weeks.
Ethical AI underpins our entire approach.
We are building and evolving our technology to be fair, transparent, and respectful of privacy and safety.
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Our AI system is designed to provide unbiased and fair solutions for all users by transparent practices in data collection, usage, testing AI systems for bias, and working with specialized partners for trust and safety.
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We ensure our AI’s decision-making processes are transparent and easily comprehensible by human in the loop reviewers.
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Data is securely protected and used in accordance with data governance policies.
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We have defined responsibilities and procedures to evaluate AI decisions, always prioritizing human autonomy and safety.
Our Company History
1989
GMIS Started (ClaimCheck)
1990
Code Review Acquisition
1996
HBOC/GMIS Acquisition
1998
McKesson purchases HBOC
2005
McKesson purchases Intelliclaim (ClaimsXten)
2017
MHS merges to become Change Healthcare (CHC)
October 2022
Optum acquires CHC; ClaimsXten Portfolio divested to become stand-alone privately held company
April 2023
ClaimsXten Portfolio becomes Lyric AI; Lyric envisions simplifying the business of care building upon ClaimsXten rules engine and using innovative technology, including AI, blockchain, large language models, and more.
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Ready to maximize your savings?
Complete our contact form and we’ll reach out to you! Or please email: sales@lyric.ai.