CompIQ Software

Streamlining the medical bill review process starts with quick and accurate data extraction. The CompIQ software can take in both paper and digital images of medical bills and supporting documentation. Our software uses cognitive data capture and optical character recognition (OCR) technology to extract and process data the same way a human would.

Once the bill data is extracted, the software validates and/or corrects any data using confidence scoring. The data is then output for human validation, which is the key to continuously improving our technology. Human validation drives future accuracy by allowing the machine to learn and grow along the way.

Once the data has been extracted and validated, the CompIQ software uses proprietary algorithms to compare each bill to state-specific fee schedules. The rules engine that powers the medical bill review software contains over 10,000 rules written over two decades. This means that our high-powered platform is programmed to identify even the smallest billing discrepancies. With CompIQ, you no longer have to worry about human error leading to missed savings opportunities.

Best of all? Our platform seamlessly integrates with your existing claims platforms, ancillary vendors, eBilling, PPO networks, prescriptions, and utilization review providers so you can enjoy a simple, streamlined process while driving aggressive cost savings. For every $1 billed by a provider, CompIQ customers ultimately reimburse around 28 cents. That is, on average, a 72% medical savings on a national basis.

Compliance is king when dealing with 50 states that are dynamic and diverse when it comes to how to correctly pay and process medical bills in their jurisdictions. CompIQ maintains the most compliant platform in the industry.

Our platform’s rules engine relies on NCCI, ICD-10, CPT, DRG, healthcare common procedure coding system, dental, revenue codes, Rx databases, and federal reimbursement schedules to support geographic requirements in all 50 states. Thanks to our proprietary rule sets and highly tenured compliance specialists, we’re able to deploy fee schedule updates within days or weeks—not months. This means you don’t have to worry about falling out of compliance for any reason.

CompIQ integrates with Zelis to support payment processing for our customer base, right from the software’s dashboard. This opt-in service delivers payment to healthcare providers on behalf of CompIQ’s medical bill review customers. Payments can be delivered via ePayment or physical checks.

The CompIQ software also offers ultimate flexibility, so that you can elect your preferred method of payment. However, our in-app payment integration is a simple and friction-free way to make payments. Today, we have more than 275,000 providers opting into this program.

The ability to integrate with any claims system in a transparent and secure manner is what sets CompIQ’s medical billing review software apart. We consider our core competency in this area to be a major competitive advantage, and we pride ourselves on being able to deliver exactly the integration process that you require at a pace and level of quality that is 2-3X faster than our competition.

When you partner with CompIQ, our technical support team has you covered. We pride ourselves in providing timely and accurate support to address urgent production needs as well as more complex, forward-thinking solutions. Our clients have the ability to easily access support through our web-based ticketing system, toll-free phone line, and email submission.

Our account management team serves as our client’s internal advocates to help resolve issues and drive client feedback throughout the entire organization. Coordinating with product, IT, compliance, and technical support, our account management team is filled with qualified individuals that have a broad range of experience in the bill review process.