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CoverMe

by CoverMe
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OVERVIEW

AI-driven insurance eligibility verification and coverage marketplace for healthcare providers to reduce uncompensated care and streamline patient admissions.

CoverMe is a SaaS-enabled marketplace providing AI-driven solutions for acute and post-acute care providers to manage patient eligibility, coverage, and financial risk. The platform automates real-time insurance eligibility verification, financial investigation, and application prefill, dramatically reducing manual effort and accelerating admission decisions.

Key capabilities include Coverage Discovery, which utilizes proprietary data sources to pinpoint unidentified coverage from private payers, Medicare, and Medicaid, and a Proprietary Scoring Engine for real-time patient risk assessment and propensity-to-pay analysis. It also features a Patient Balance Financing Marketplace and tools for Financial Assistance/Charity Screening.

CoverMe helps hospitals and clinics navigate the complexities of rising uncompensated care, self-pay populations, and high-deductible health plans (HDHPs). The solution is cloud-based, requires no hardware installation (SaaS), and provides tools to help clients meet IRS 501r and ACA audit compliance standards. It is designed to support a wide range of healthcare organizations, from independent practices to large hospital systems.

RATING & STATS

Founded
2018

KEY FEATURES

  • Real-Time Insurance Eligibility Verification
  • Coverage Discovery (Medicare, Medicaid, Private Payers)
  • AI-Driven Proprietary Risk Scoring Engine
  • Financial Assistance & Charity Screening
  • Patient Balance Financing Marketplace
  • Automated Application Prefill
  • IRS 501r & ACA Compliance Tools

PRICING

Model: enterprise
Pricing is not publicly disclosed and is based on an enterprise subscription model for hospitals and health systems. Contact the company for a quote.

TECHNICAL DETAILS

Deployment: cloud, saas
Platforms: web
🔌 API Available

USE CASES

Reducing Uncompensated Care and Bad DebtStreamlining Patient Admissions and IntakeOptimizing Reimbursements and Revenue CycleAssessing Patient Propensity to Pay

INTEGRATIONS

Paya (Payment Processing)Jitterbit (iPaaS)

COMPLIANCE & SECURITY

Compliance:
IRS 501r ComplianceACA Audit Standards
Security Features:
  • 🔒Encryption (Inferred)
  • 🔒Secure Platform

SUPPORT & IMPLEMENTATION

Support: email, phone
Implementation Time: < 1 week
Target Company Size: small, medium, enterprise

PROS & CONS

✓ Pros:
  • +Proven reduction in bad debt (up to 47% cited in testimonial)
  • +Real-time, comprehensive coverage discovery across all payors
  • +Rapid deployment time (setup in hours)
  • +Integrated marketplace for patient financing and charity options
  • +Compliance tools for IRS 501r and ACA audits
✗ Cons:
  • -Pricing is not publicly available (enterprise model)
  • -Limited public reviews or social proof outside of testimonials
  • -No publicly listed API documentation or extensive integration list

TRY IT OUT

ABOUT COVERME