ANN ARBOR, MI, June 18, 2024 — NovoDynamics, Inc., the industry-leading artificial intelligence (AI) solutions provider for Dental insurers, has been recognized for its NovoHealth Dental platform, which has been named the ”Best Healthcare InsurTech Solution” in the 8th annual awards program conducted by MedTech Breakthrough. Winners were selected from nearly 4,500 nominees representing more than 18 different countries. All nominations were evaluated by an independent panel of experts from within the digital health and medical technology industries, based on a variety of criteria including innovation, functionality, performance, value, ease-of-use, and impact.

“NovoHealthDental is the only Dental AI solution that began with a claim-centric focus, which means it’s designed to benefit payers, providers, and patients alike,” said NovoDynamics CEO David Rock. “By taking into account the specific insurance plan guidelines for each patient, examining the evidence for medical necessity, and uncovering potential fraud, waste, and abuse, NovoHealth Dental helps ensure the appropriate procedures get prioritized, authorized, and reimbursed.”

NovoHealth Dental automatically analyzes dental insurance claims in real time at enterprise scale. The NovoHealth Dental platform:

·     Pre-emptively evaluates claim quality, checking for all required documentation to help providers comply with individual plan guidelines – before their claims even enter insurers’ systems – and it does this without requiring dental offices to add any new technology or change how they submit claims.

·     Rapidly performs accurate clinical assessments, whether insurers stream claim data in real time or batch load submissions – and it yields high-quality results in real time even with the type of low-quality radiographic images typically submitted with insurance claims.

·     Substantially increases efficiency and effectiveness, saving time and reducing costs – by evaluating every submission and automatically routing clean claims for approval, while selecting only those claims with the most likely denial issues for scrutiny by accredited dental reviewers.

·     Reliably distinguishes potential fraud from likely clerical errors – reducing valuable time wasted reviewing false positives – using advanced metrics to help payers ensure every review counts by pinpointing provider outliers and procedure patterns that deviate from peer norms.

About NovoDynamics

NovoDynamics provides artificial intelligence (AI) solutions that address critical healthcare challenges, save payers and providers time and money, and help improve quality of care for patients. The company’s NovoHealth Dental platform analyzes dental insurance claims in real time; delivers consistent, objective clinical assessments; helps deter fraud, waste, and abuse; and accelerates reimbursements. NovoDynamics, an In-Q-Tel portfolio company, has been applying its proven AI expertise and advanced image processing technology to solve complex problems for governments, commercial enterprises, and academic institutions since 2001. For moreinformation, visit NovoDynamics.com or follow NovoDynamics on LinkedIn.

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