Weave Launches Newest Addition to Its All-in-One Platform — Insurance Verification

Rhea-AI Summary

Weave (NYSE: WEAV) has launched a new Insurance Verification feature for dental practices, allowing staff to streamline the insurance verification process. This tool reduces the time spent verifying insurance eligibility by over 50%, previously taking dental offices 6 or more hours weekly. Staff can now access accurate, up-to-date information and easily contact patients for updates. This innovation follows Weave's recent platform integrations aimed at enhancing customer communications in dental, veterinary, and optometry sectors.

Positive

• Launch of Insurance Verification feature improves workflow efficiency for dental practices.
• Reduces insurance verification time by over 50%, allowing staff to focus on patient care.
• Enhances patient communication through seamless integration within the Weave application.

Negative

• None.

Thousands of dental offices across the U.S. & Canada can now streamline their insurance verification process using Weave

LEHI, Utah--(BUSINESS WIRE)-- Weave (NYSE: WEAV), the all-in-one customer communication platform for small business, has launched the latest addition to its platform, Insurance Verification.

(Graphic: Business Wire)

Now available to all of Weave’s dental locations and customers, Weave Insurance Verification enables staff to spend more time focusing on growing the practice through high-quality patient experiences and less time focusing on the tedious back-and-forth of verifying patient insurance. Weave Insurance Verification gives dental practices up-to-date, accurate, easy-to-search information, all with a click of a button directly from within the Weave application. If insurance isn’t verified, staff can seamlessly contact patients in the same workflow to get updated insurance information via phone or two-way texting.

“Keeping the modern dental office running smoothly is what Weave was created to do over a decade ago,” said Weave CEO Roy Banks. “When we heard that office staff are spending 6, 10, even 12 hours a week verifying patient insurance, we saw an opportunity to build new efficiencies by combining verification software with our communications technology. Now, a once-tedious process can take half the time. That’s a big win for dental practices.”

According to a recent Weave survey, 55% of dental offices spend 6 or more hours a week verifying insurance eligibility for patients. Existing insurance eligibility verification solutions provide information that is difficult to search or isn’t comprehensive, so the office still has to wait on the phone to get information from the insurance company. Weave Insurance Verification verifies patient eligibility with a click of a button to shorten time spent verifying insurance by over 50% and it’s all done in the same system office staff use daily to communicate with their patients, schedule appointments and collect digital forms.

Grace Dental, a dental practice in Palm Harbor, Fla., started using Weave Insurance Verification earlier this year. Practice Administrator Andrea Ippolito said the combination of Weave’s texting capabilities, combined with the new verification capabilities, has lightened her workload and made her more efficient.

“Before we implemented Weave Insurance Verification, the verification process would take 30 minutes to 4 hours per patient, depending on what insurance I needed to speak with,” Ippolito said. “With Weave Insurance Verification, the majority of the time I don’t even need to waste time on the phone with the insurance companies anymore.”

Insurance Verification is the latest addition to Weave’s all-in-one customer communications platform, following on the heels of several platform integrations with systems of record in the core verticals of dental, veterinary and optometry practices.

About Weave
Weave is the all-in-one customer communications and engagement platform for small business. From the first phone call to the final invoice and every touchpoint in between, Weave connects the entire customer journey. Weave’s software solutions transform how local businesses attract, communicate with and engage customers to grow their business. The first Utah company to join Y Combinator, Weave has set the bar for Utah startup achievement & work culture. In the past year, Weave has been included in the Forbes Cloud 100, Inc. 5000 fastest-growing companies in America, and was certified as a Great Place to Work. To learn more, visit www.getweave.com/newsroom/

View source version on businesswire.com: https://www.businesswire.com/news/home/20220712005493/en/

Kali Geldis

Director of Communications, Weave

pr@getweave.com

Source: Weave

FAQ

What is Weave's new Insurance Verification feature?

Weave's Insurance Verification feature allows dental practices to verify patient insurance eligibility quickly and efficiently, reducing verification time by over 50%.

How does Weave's Insurance Verification benefit dental practices?

It streamlines the insurance verification process, enabling staff to spend less time on verification and more time on patient care.

What percentage of dental offices spend more than 6 hours a week on insurance verification?

According to Weave, 55% of dental offices spend 6 or more hours weekly verifying insurance eligibility for patients.

Where can I find more information about Weave?

More information about Weave and its services can be found on their official website at www.getweave.com/newsroom.