Wednesday, Oct 21
Home Game Advantage: Phare Audit
Led by Ian
Master the Audit story: customer problem, value proposition, differentiation and proof
Key takeaways
- The ceiling of general AI: General LLMs hit about 33% accuracy on clinical coding. Phare's purpose-built models reach about 88% on inpatient.
- A purpose-built, RCM-native AI engine is needed to solve complex coding: The clinical reasoning engine reads the complete EHR, checks the latest guidelines, and builds an accurate code list with a full evidence trail.
- Built for the AI era: Phare is a post-2022, AI-native platform: 25 specialized LLMs, one engine for every use case, and none of the technical debt legacy vendors carry.
- DRG-V to Phare Audit: Audit reads the full clinical record plus financial data, runs pre-bill, and finds 3–6% of cases versus about 0.9%, with the same 95% acceptance.
- Utilizing the Phare platform expands the review clinically: Phare's findings are 50% principal diagnosis and 45% secondary diagnosis. DRG-V's are 68% procedural.
- Human auditors + AI intelligence: AI scans 100% of encounters and AHIMA-certified auditors validate the findings. The result is a 95% case agreement rate, so the customer's team sees only high-quality findings.
- A minimum 3–5x ROI: A fine-tuned model in 14 days, ROI realized within 30 days of go-live.