Blue Cross Analysis Links Hospital AI to $942 Million in Added Costs
Blue Cross Blue Shield Association found that hospitals using AI tools to submit insurance claims added $942 million to US health care spending over two years, according to TechCrunch.
The analysis identified a sharp increase in patients documented as having complex conditions. BCBSA said there was no corresponding evidence that the care delivered had changed, indicating a gap between medical coding and treatment.
Abridge founder Shiv Rao said automated systems on both sides could lead to bots contesting bots, though they could also reduce costs. BCBSA senior vice president Luke Chalker said insurers were currently losing heavily in claim disputes involving these tools.
We hope you enjoyed this article
Consider subscribing to one of our newsletters like Finance AI Weekly, Life AI Weekly or Daily AI Brief.
Also, consider following us on social media:
More from Finance
Sep 28 Singapore Financial Firms to Train 80,000 Workers in AI by 2028 Sep 26 Small Banks Lead Peers in AI Readiness but Struggle to Scale Sep 25 Trigent Launches Three AI Tools for Insurance Workflows Sep 25 Bold Penguin Launches DeX ai for Digital Insurance Exchange Sep 25 Feedzai Launches Farol AI Agent for Fraud InvestigationsMore from Life Sciences
Sep 26 FDA Clears Nutshell Therapeutics' NRF2 Degrader NTS231 Sep 26 Zifo's TLFGenix Named Runner Up in CDISC AI Challenge Sep 26 Connected Health & Safety Association Conference Draws More Than 250 Leaders Sep 26 AI in Clinical Trials Market Forecast to Reach USD 7.32 Billion by 2034 Sep 24 Assort Health Expands AI Agents to More Than 1,300 Primary Care ProvidersFinance AI Weekly
Weekly newsletter about AI in finance. Covers AI-driven trading, fintech innovations, and data analytics transforming markets
Market report
2025 Generative AI in Professional Services Report
Thomson Reuters
This report by Thomson Reuters explores the integration and impact of generative AI technologies, such as ChatGPT and Microsoft Copilot, within the professional services sector. It highlights the growing adoption of GenAI tools across industries like legal, tax, accounting, and government, and discusses the challenges and opportunities these technologies present. The report also examines professionals' perceptions of GenAI and the need for strategic integration to maximize its value.
Read moreYou may also like
World Class Health Introduces AI Specialty Clinic
AmerCareRoyal Deploys qBotica Automation Across Four Companies
Penguin Ai Launches Revenue Cycle AI Platform
Deerborne Survey Finds AI Cuts Analysis Workload, Not Decision Quality
AdminaHealth Adds AI Data Assistant to Enterprise Billing Suite
Daily AI Brief: the AI news that matters, in your inbox.