AKASA leverages generative AI to optimize healthcare revenue cycles. Its platform automates crucial processes like authorization, medical coding, and claim status updates, significantly improving efficiency and reducing operational costs for healthcare providers. Founded in 2018, AKASA's AI-driven solutions enhance accuracy, reduce denials, and boost revenue collection, serving facilities across the United States.
Founded: 2018
Malinka Walaliyadde Co-Founder, Chief Executive Officer |
Varun Ganapathi, Ph.D. Co-Founder, Chief Technology Officer |
Ryan Roland Chief Financial Officer |
Carolyn Satenberg Chief People Officer |
Cory Costley Chief Product Officer |
Cerner and AKASA partner to scale automation within the revenue cycle at hospitals and health systems using AI and machine learning.
The result has been an increase in yield, which is up by at least 1% on gross revenue of $3 billion.
AKASA released a report titled, "New Productivity Benchmarks For The Healthcare Revenue Cycle." The report includes the first-ever publication of the average time it takes health system staff to complete critical tasks within revenue cycle operations based on AKASA's proprietary data.
AKASA announced several company milestones, including a growing customer base that now represents more than $100 billion in aggregate net patient revenues which equates to nearly 10 percent of all U.S. health system spending annually, according to data from the Centers for Medicaid and Medicare Services.
AKASA (formerly known as Alpha Health), a Unified Automation™ company for revenue cycle management in healthcare raises $60M in funding.