First-Of-Its-Kind Healthcare Payer Solution Doczy.Ai From Aarete Combines Provider Contract Expertise With AI To Improve Operations

Proven solution processed 10 million+ documents for health plans in 2024

CHICAGO--(BUSINESS WIRE)--AArete, a leading global management and technology consulting firm, today officially launched the AI version of Doczy™, branded as Doczy.ai™, an intelligent Al contract interpretation solution that streamlines processes by using state-of-the-art AI technology to digitize and analyze complex provider contracts. By providing expanded data visibility, Doczy.ai™ paves the way for unprecedented, scalable operational efficiencies for healthcare payers.

Doczy.ai™ reads and interprets provider contracts using a proprietary methodology and practical artificial intelligence informed by decades of healthcare experience. With this elevated contract comprehension, AArete’s team of industry and technology consultants extract and organize meaningful data elements to inform the health plan of hidden opportunities for operational excellence. As provider contracts evolve, Doczy.ai™ evolves with them, simplifying the process of implementing updates while improving provider relations, fostering trust, and increasing accuracy for more transparent information and nimble operations.

“For decades, interpreting and incorporating provider contract language into pricing and contract management systems has been labor-intensive and prone to errors that can fuel abrasion between payers and providers,” said AArete Managing Director Darren Ghanayem. “Now with Doczy.ai™, payers can modernize this process and rapidly interpret tens to hundreds of thousands of documents providing a structured source of truth. The resulting data has numerous applications that can be applied at scale to drive significant benefits for payers, from reducing payment inaccuracies to providing insights that inform strategic direction.”

Technically, Doczy.ai™ is enabled by large language models (LLM) making it possible to rapidly process vast amounts of unstructured data from provider contracts, prompting the precise extraction and structuring of critical information, such as reimbursement methodologies, payment hierarchies and complex carve-outs. Coupled with AArete’s deep healthcare expertise, this human-guided, AI-driven approach delivers actionable findings, tailored to each client's specific needs, and review capacity, ensuring effective contract management and payment.

AArete's innovative approach to practical AI implementation is setting a new standard in the industry, blending advanced artificial intelligence solutions with industry and solution expertise to Humanize Data for Purposeful Change®. This commitment to transforming AI's potential into measurable outcomes, integrated with a secure framework and guidance from industry experts, instills confidence in clients as they navigate the evolving AI landscape.

“AArete has been dedicated to advising and supporting health plans since the firm’s inception in 2008,” said Maulik Bhagat, executive vice president of services and innovation at AArete. “With Doczy.ai™, plans can accomplish in weeks what would otherwise take years – scaling productivity. This solution is breaking new ground, and it is one of the most operationally impactful solutions payers have seen in the last decade.”

To learn more about Doczy.ai™ and its capabilities, click here.

About AArete

AArete is a global management and technology consulting firm specializing in driving profitability improvement, digital transformation, and strategy & change for clients. Our cross-industry solutions are powered by a digital-first mindset, market intelligence, and data-driven approach to deliver purposeful change, actionable insights, and guaranteed results. We work across all industries and business functions to optimize profits in a compressed timeframe. AArete humanizes data by translating numbers into actionable insights, helping clients make better decisions and standing by their side to foster change with confidence, empathy and purpose. Learn more at AArete.com or follow us @AArete on LinkedIn.

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