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Title: Medtransic Announces MAGENTIC - A New AI-Driven Solution to Combat Healthcare Revenue Cycle Challenges

United States, 4th Feb 2026 - The United States healthcare system continues to grapple with the ever-growing issue of administrative waste, now estimated to cost the industry over $600 billion annually. This staggering figure underscores the urgent need for innovation in medical practices, especially as the pressures from administrative tasks, including billing and claims processing, continue to escalate. In 2026, these challenges have become existential threats for many providers.While the clinical side of healthcare has rapidly advanced with new technologies, the financial infrastructure remains mired in outdated processes. Insurance payers have increasingly turned to sophisticated AI-powered "denial engines" that automatically reject claims for even minor errors, often before a human can intervene. Providers find themselves fighting this advanced, automated system with outdated manual processes. To survive, they must stop viewing billing as merely a back-office task and recognize it as a critical technological defense.The Decline of the "Clean Claim"For many years, a healthy medical practice was defined by maintaining a 95% clean claim rate, with minimal claim rejections and denials. However, recent data from the Medical Group Management Association (MGMA) reveals that this number is no longer achievable for most practices. Denial rates for initial claims have surged to nearly 15%, significantly impacting practice revenue. This trend can be attributed to "Payer Policy Drift," the constant and often unannounced changes in billing rules and medical necessity guidelines that trigger automatic claim rejections.Every denied claim incurs a "rework tax," where practices must spend valuable time and resources appealing claims. Premier, Inc. reports that, on average, it costs...

This press release is issued by King Newswire