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Generative AI for Healthcare and Revenue Cycle AKASA

Webof healthcare organizations are actively considering the use of GenAI (with 60% eyeing it for rev cycle) AKASA survey. ~40% better than GPT-4. The AKASA Platform dramatically …

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What Is Healthcare Revenue Cycle Management

WebHealthcare revenue cycle management refers to all the administrative and clinical functions that contribute to the capture, management, and collection of patient …

Category: Health Go Health

Healthcare Claims Denials Are at an All-Time High AKASA

WebThe Gist. Healthcare claim denial rates are on the rise. New research shows hospitals and health systems have seen a 23% increase in claims denials rates in the …

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The Future of AI and Automation in Healthcare AKASA

WebThe current usage of AI and automation in healthcare across the revenue cycle is well established. Organizations use it to automate transactional tasks such as …

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Healthcare Revenue Cycle Management and Lean: What it Means …

WebLean is a philosophy and concept that dates back to the early part of the twentieth century, with roots in the automotive industry. Yet in the last 30 years or so, …

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How To Improve Healthcare Underpayments AKASA

WebThere are two main schools of thought for efficiently resolving healthcare underpayments. Work the high-dollar item first and sort descending, in order to get the …

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What Is Revenue Integrity in Healthcare

WebRevenue integrity in healthcare is a concept that has increasingly been gaining traction in recent years — and rightly so. Hospitals, health systems, and …

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Improving Denial Management in Healthcare AKASA

WebUnfortunately, high claim denial rates are a current and serious issue for many hospitals and health systems. A survey conducted in 2021 by Harmony …

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9 Healthcare Technology Trends To Watch in 2023 AKASA

WebHere are the top nine healthcare technology trends for healthcare professionals to watch in 2023. 1. Telehealth. Prior to the pandemic, telehealth was a …

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Top 5 Benefits of Revenue Cycle Management in Healthcare

Web2. Increased RCM Process Efficiency Through Automation. Reliable, effective, and adaptable automation are the foundation of effective revenue cycle management …

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Generative AI powering the AKASA Platform AKASA

WebThe AKASA Platform is powered by recent innovations like GenAI and large language models (LLMs). We’ve developed healthcare-specific models by training them on clinical …

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4 Questions to Ask Before Implementing AI in Healthcare Revenue …

WebAn AKASA-commissioned survey of 400 healthcare executives found that 78% of them were implementing revenue cycle automation of any type in 2021, …

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Top 8 Healthcare Revenue Cycle Trends for 2024 AKASA

WebTrend #2: Increase in Denials. Denials have been a challenge for decades and continue on an upward swing. According to a recent AKASA survey, 50% of providers report their denial rates increased in the past year. Among the top 3 reasons for initial payer denials, healthcare leaders cited: errors in patient access/registration.

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Say hello to AKASA AKASA

WebAkasa is a Sanskrit word for sky, space, or aether. In medieval science, there were four elements: earth, water, air, and fire. Akasa was the proposed “5th element” that …

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3 Medical Billing Horror Stories that Prove the Healthcare

WebRevenue cycle leaders know all too well how complicated, cumbersome, and archaic the claim and billing processes are — and why they’re a significant driver of healthcare costs in the U.S. for providers, payers, and patients alike.

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Your Healthcare Revenue Cycle Dictionary AKASA

WebHealthcare revenue cycle: All administrative and clinical functions that contribute to the capture, management, and collection of patient service revenue. This …

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How hospitals can drive revenue with AI-based automation AKASA

WebMethodist Health System (MHS) needed to manage an increase in volume without suffering a negative impact on cost to collect. AKASA automated revenue cycle tasks, allowing them to shift resources from insurance follow-up activities …

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15 Common Questions About the Prior Authorization Process

WebIn the case of prescription medication, prior authorizations are designed to improve outcomes and ensure patients receive effective, appropriate care, and first try …

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