SAN FRANCISCO--(BUSINESS WIRE)--Retrace, the first native-built AI healthcare clearinghouse providing real time connectivity between dental practices and payers, today announced that Brian Worth joined the company as Senior Vice President of Payer Sales. Worth will apply his two decades of dental clearinghouse expertise to accelerate Retrace’s solution into the entire dental and orthodontic ecosystem. In a single claim transaction, Retrace’s cutting-edge solution supports every stakeholder enabling real time member eligibility and benefits, provider validation, AI powered pre-authorization configured to each payer’s specific rules, claim adjudication, provider payment, ERA, and patient responsibility.
Since launching in October, Retrace established 251 direct insurance connections, rapidly integrating with leading providers and DSOs to create improved oral-care experiences for millions of members. Worth will leverage his network to ensure Retrace’s cutting-edge solution supports every stakeholder.
“Brian Worth brings an unprecedented level of institutional knowledge to Retrace, especially his ability to showcase why our solution is the next frontier to help providers, practice management systems, and payers,” said Retrace Founder and CEO Ali Sadat. “When Brian, who has a comprehensive understanding of the clearinghouse space, looked at Retrace’s new approach and said ‘I want to join this team,’ it was a strong indication of the value Retrace delivers.”
“I am pleased to bring my years of clearinghouse expertise to bolster Retrace’s novel technology,” said Brian Worth, Retrace’s new SVP of Payer Sales. “Retrace is redefining the value of a clearinghouse, beyond what I’ve seen in my career. At its core, the Retrace platform ensures claims are certified clean before they ever touch a payer's adjudication system. When a claim is rejected, the provider, and member are notified in real-time, thus preventing the dissatisfaction and costs associated with pended and rejected claims. For payers, 100% clean claims results in a dramatic increase in auto-adjudication rate and decrease in clinical claim reviews. I was hooked on Retrace five minutes into my first demo and can’t wait to help bring this amazing solution to more stakeholders.”
About Retrace
Founded in 2016, Retrace enables real-time connectivity between payers, providers, and patients to provide instant value-based payments rooted in quality measures. Retrace’s network and Intelligent Automation solutions streamline the complexity of dental administration for all stakeholders. With scalable end-to-end services, powered by AI technology, Retrace delivers high quality, simple, and predictable healthcare. The company’s investors include Intel Capital and SoftBank Ventures Asia. Retrace is privately held and headquartered in San Francisco, California. To learn more, visit www.retrace.ai.
