EXL and Lifemed Launch AI Platform Reducing AR Days by 30%
EXLS•EXL has partnered with Lifemed to deploy AI-driven revenue cycle automation that processes provider-specific historical data in real time. The solution promises 10–25% higher net revenue, cuts accounts receivables days by over 30%, and reduces related staffing workload by more than 80%.
1. EXL and Lifemed Partnership
EXL has entered a strategic collaboration with Lifemed to modernize healthcare revenue cycle management. The two companies will integrate EXL’s data and AI expertise with Lifemed’s Deepclaim neural network platform to deliver real-time pre-adjudication and claim processing automation tailored to each provider’s historical data.
2. AI-Driven Automation Details
The AI-driven solution analyzes medical, contractual, and financial data in real time to identify errors, automate compliance checks, optimize billing codes, and manage denials and appeals with minimal human intervention before claims reach payers. Deep learning models continuously adapt to policy changes and contract complexities, shifting revenue cycle operations from reactive fixes to proactive prevention.
3. Projected Financial Impact
Customer pilots demonstrate 10–25% net revenue uplift, a 30% or greater reduction in accounts receivable days and over 80% decrease in related staffing workload. These improvements are expected to accelerate reimbursements, lower administrative costs and strengthen margin expansion for healthcare providers using the platform.
