How PrecisionGx CEO Kellie McLaverty grew to $2.2M revenue with a 22 person team in 2023.

PrecisionGx is an artificial intelligence technology company that assists health insurers in leveraging the power of AI to enhance the detection of inappropriate and wasteful payments and increase recovery rates. Built specifically for health insurance claims data, PrecisionGx's Engine excels in complex environments and is uniquely positioned to address healthcare's most intricate and costly claims challenges. Despite the availability of more than $1 trillion in annual waste, payers continue to depend on traditional business rules and labor-intensive human review processes for tasks ranging from payment accuracy and adjudication to fraud detection and risk adjustment auditing. PrecisionGx aids its clients in the transition from the outdated status quo to automated, intelligent decision-making. With more than $50 billion in paid claims analyzed, including over 2.5 billion patient events and 100 billion patient data points in 2019 alone, the company's AI Engine has a proven track record. It has identified tens of millions of dollars in over-payments and potential savings for insurers each year. The models delivered by PrecisionGx enhance detection system performance and overall audit efficiency by more than 35%. For organizations looking to increase in-house recoveries and significantly boost their bottom line, PrecisionGx offers the opportunity to build a long-term asset with no upfront risk.