AUSTIN, Texas , Sept. 17, 2024 /PRNewswire/ -- Altus Nova Technologies, a leading custom software development firm based in Austin, Texas , has successfully completed a pivotal software development project for FinMed, a trailblazer in healthcare claims management. The new platform, developed by Altus Nova , is designed to revolutionize the efficiency of provider-payer interactions, making healthcare billing more accurate, faster, and more efficient—ultimately allowing doctors to focus on patient care.
This innovative solution addresses longstanding challenges in healthcare billing, where delays and errors in payment processing have burdened providers. By partnering with Altus Nova , FinMed has implemented a custom system that automates error correction, streamlines claim submission, and reduces the payment cycle by up to 90 days. As a result, healthcare providers using FinMed's platform can now bill more efficiently, significantly reduce claim errors, and improve cash flow.
"This project signifies a major advancement for FinMed and the healthcare providers they serve," said Jason Parrish , General Partner of Altus Nova . "It's been an incredible experience working with FinMed to develop a solution that simplifies complex billing systems and delivers real, measurable results to healthcare organizations." One of the standout features of the new platform is the introduction of FinMed's "Pay Forward" system, a cashflow management tool that provides healthcare providers with mic.