Lyric - Clarity in motion.

Lyric - Clarity in motion.

IT Services and IT Consulting

King of Prussia, PA 3,657 followers

Simplifying the business of care.

About us

Welcome. Let us help bring your health plan's payment accuracy and savings into the next era of savings and cost reduction. Learn more by visiting Lyric.AI Welcome to Lyric. Building on the legacy of ClaimsXten, we bring over 30 years of expertise to deliver unmatched savings—more than $14 billion annually—to our valued clients, including 9 of the top 10 health payers nationwide. Our cutting-edge solutions streamline complex claims processes, ensuring precision and efficiency for over 185 million lives under our care. Recognized by KLAS for our partnership excellence and value, we lead with top customer satisfaction scores and an A+ recommendation rate. Apart from our market-leading pre-pay claim editing services, Lyric is at the forefront of integrating AI technology to drive greater savings and administrative cost savings through the payment integrity value chain. This includes strategic partnerships with leaders in the areas of genetic testing claims accuracy, coordination of benefits, AI-driven co-pilots, and more. Whether you are a current valued customer or new to Lyric, we are investing in helping health plans simplify the business of care. Visit us at Lyric.AI

Website
https://lyric.ai/
Industry
IT Services and IT Consulting
Company size
201-500 employees
Headquarters
King of Prussia, PA
Type
Privately Held
Founded
1989
Specialties
healthcare technology, claims editing, primary editing, secondary editing, solution hosting, consulting, data analytics, payment integrity, payment accuracy, health plans, health tech, coordination of benefits, healthcare, payment accuracy, and claim editing

Locations

Employees at Lyric - Clarity in motion.

Updates

  • 🔒 Guarding Our Digital World: Unveiling the Future of Cybersecurity 🔒 In the ever-evolving realm of digital innovation, cybersecurity stands as the unsung hero protecting our most prized assets. 🛡️ In our latest blog post, Kevin Heineman, Chief Information Security Officer at Lyric, delves into the intricate dance of cybersecurity, spotlighting the recent advancements from the National Institute of Standards and Technology (NIST). 🔗 Read the full blog to stay ahead in the cybersecurity game: https://bit.ly/460bIkS Let's engage! Share your thoughts on the updated NIST framework and the best practices for securing remote desktop applications. How are you adapting to these changes? Comment below! 👇 #CyberSecurity #NIST #DigitalInnovation #RemoteAccess #TechTrends #LyricAI

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  • View organization page for Lyric - Clarity in motion., graphic

    3,657 followers

    Lyric is thrilled to support the Washington Freedom cricket team as one of their season sponsors! 🎉 We're honored to back such a dynamic team. Sending our best wishes for the match against MI New York today. Go, Washington Freedom! 🌟🏏 #Lyric #WashingtonFreedom #MLC #Cricket

    View organization page for Washington Freedom, graphic

    1,139 followers

    Washington Freedom is thrilled to announce Lyric as a Team Sponsor for the upcoming Season 2 of Major League Cricket (MLC). Lyric is a leading AI-based platform company harnessing the power of technology to unlock pathways to value for our health plan customers. Their vision is to simplify the business of care to positively impact outcomes across the healthcare ecosystem. The relentless pursuit of success defines both Lyric and the Washington Freedom, and this pursuit will be on full display this season. #MLC2024 #WashingtonFreedom #Lyric Lyric - Clarity in motion.

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  • Join us in celebrating the remarkable journey of Julie Hill, a trailblazer in healthcare and a staunch advocate for women's rights. Julie shares insights from her diverse career, offering a vision for a more inclusive and empathetic healthcare industry. Her story of innovation, leadership, and impactful role on Lyric's board is truly inspiring. Don't miss this opportunity to engage with a leader who is driving meaningful change and paving the way for a better future in healthcare: https://lnkd.in/eXrAvms7 #Healthcare #HealthcareLeadership #Inclusion #SimplifyingtheBusinessofCare

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  • Recently, CAQH's Innovation Council brought together major health plans to address issues like credentialing and provider data management. This collaboration aimed to streamline processes and improve data quality, benefiting both providers and patients. Below is a great summarization of the event, including key takeaways for #HealthPayers. Check it out below and let us know your thoughts on these critical topics: #Healthcare #SimplifyingtheBusinessofCare

    Payer innovation council weighs improvements to provider data management experience

    Payer innovation council weighs improvements to provider data management experience

    fiercehealthcare.com

  • 🚨 Navigating the Costs of Medical Alert Systems 🚨 Financial considerations can be a significant barrier for those needing medical alert devices. Dr. Bernard Steinbacher, our Senior Medical Director at Lyric, shares his experience providing care to patients and partnering with the Office of Aging was setting up a home visit to assess their needs in a recent US News & World Report article: 💬 “These types of evaluations help to support the need for such patients to receive medical alert services at no cost or a reduced cost.” Understanding these challenges helps us better support our patients and advocate for more accessible solutions. Read the full article for more details! 🔗 https://bit.ly/3xQ4anZ Want to discover more content from our team of experts like Dr. Bernard Steinbacher? Give us a follow! Lyric - Clarity in motion. #HealthcareInnovation #MedicalTechnology #PatientAdvocacy #LyricHealth

    Does Insurance Cover Medical Alert Systems?

    Does Insurance Cover Medical Alert Systems?

    usnews.com

  • Unlocking Value in Healthcare: A New Whitepaper by Lyric's Chief Platform Officer, Tawfiq Bajjali Health plans today face numerous challenges—from rising costs to regulatory complexities. Our 42 platform offers AI-driven solutions to address these challenges head-on. 🌟 Key Takeaways: • Strategies for improving payment integrity • Insights on optimizing operations with AI • Practical approaches to navigating regulatory requirements • Enhancing member satisfaction while reducing costs This whitepaper is essential reading for health plan leaders looking to drive efficiency and value in their organizations. 📄 Read the Whitepaper: https://bit.ly/3VRFDH8 #HealthcareInnovation #AI #PaymentIntegrity #HealthTech #ThoughtLeadership #Lyric42

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  • 🚀 Transforming Health Plan Call Centers with AI CoPilots! 🚀 Healthcare administration is complex and costly, but AI-driven copilots are here to change that. In our latest blog post, Akshay Sharma, Chief AI Officer, and Steve Ambrose, Director of Thought Leadership at Lyric, explore how advanced small language models (SLMs) are revolutionizing health plan call centers. These copilots promise significant cost reductions, reduced provider friction, and enhanced transparency. McKinsey estimates nearly 25% of total healthcare spending is due to administrative costs. Lyric’s CoPilot leverages AI and Large Language Model (LLM) technologies to turn complex claim adjudication data into understandable insights, helping customer service representatives (CSRs) provide clear explanations. Learn about the integration of Interactive Voice Response (IVR) and chatbot technologies, extending this crucial service's reach. The CoPilot’s ability to synthesize data from various sources ensures accurate, contextualized information, improving efficiency and stakeholder relationships. Read more in our blog post and see how AI is paving the way for a new era in healthcare administration. 👉 Read the Full Blog Post and share your thoughts! https://bit.ly/4cHMOsk Do you enjoy this content? Consider giving us a follow Lyric - Clarity in motion. #HealthcareInnovation #AIDriven #HealthPlan #CustomerSatisfaction #LyricAI

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  • 🎆 Happy Independence Day, USA! To our amazing followers in the United States, we wish you a joyous and safe Independence Day filled with celebration and reflection. We also extend our heartfelt appreciation to our international follows are team members, especially those in our Manila office. Your support and collaboration drive our success across the globe. Together, we continue to push the boundaries of medical technology, improving lives and simplifying the business of care. #IndependenceDay #GlobalCommunity #4thOfJuly

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  • 🚀 Transforming Healthcare with AI-Driven Payment Integrity! 🚀 In today’s fast-paced world, technological advancements and changes in healthcare reimbursement are reshaping the landscape of payment integrity. 🔗 https://bit.ly/4cHu1xe 📈✨ With insights from Lyric’s AI in Healthcare expertise, let's dive into the strategic importance of PI and how it’s transforming the industry. Deciphering Payment Integrity: A Strategic Imperative PI ensures healthcare claims are accurately processed and compliant with regulations, promoting trust and transparency. It covers both prepayment (proactive measures to prevent inaccuracies) and postpayment (retrospective analysis to recover incorrect payments). Bridging Gaps with Technology: The AI Revolution and machine learning are game-changers in the PI value chain. They enhance the speed and accuracy of claims adjudication, addressing errors and ensuring accurate disbursements and recoveries. Crafting a Future-Proof Strategy For health plan professionals, embracing AI and ML is crucial. By aligning with technological advancements, they can enhance PI capabilities, mitigate risks, and unlock significant value. 🔄 If you liked this post, give it a reshare! 👍 Like if you agree with the power of AI in healthcare! 💬 Comment below with your thoughts on the future of payment integrity! #HealthcareInnovation #PaymentIntegrity #ValueBasedCare #MachineLearning #HealthTech #HealthcareFinance

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  • In the #healthcare sector, continuous improvement of #CustomerSuccess is not just an objective—it's an imperative. At Lyric, we've embarked on a journey to enhance our services, ensuring our technological innovations unlock value and align with our health plan clients' needs. Our goal is to transcend the role of a vendor and become a genuine ally to our health plan customers. This extends beyond the benefits of our solutions to actions and communications that reinforce trust, transparency, and alignment. Here are five key best practices that have guided our customer success team: 1. Standardization of Excellence 2. Empowerment Through Knowledge 3. Technological Advancements 4. Rigorous Quality Tracking 5. Culture of Accountability and Innovation These practices have significantly reduced defects, improved processes, and strengthened our relationships with clients. Health plans depend on us for efficient #ClaimsManagement and proactive advisory, helping them navigate healthcare administration with confidence and reduced overhead. Our commitment to quality and operational excellence ensures we not only meet but exceed client expectations. At Lyric, we are more than providers of healthcare technology; we are committed partners in our client's success, continuously refining our strategies to empower them in an ever-changing industry. #SimplifyingCare #SimplifyingtheBusinessofCare #DigitalTransformation

    Quality Unlocked: Lyric's Path to Premier Customer Success<br/>for Health Plans — Lyric.ai

    Quality Unlocked: Lyric's Path to Premier Customer Success<br/>for Health Plans — Lyric.ai

    lyric.ai

Similar pages

Funding

Lyric - Clarity in motion. 1 total round

Last Round

Undisclosed

US$ 90.9M

See more info on crunchbase