AKASA

❓❓ ❓ QUIZ TIME! What's the top reason for initial payer denials ❓ ❓ ❓ Answer: Errors related to data from patient access or registration, such as eligibility or missing prior auth. What to cut down on those errors and denials? Generative AI can help. Here are three ways.

Let's add a little musical joy to your LinkedIn feed this holiday season. 🎶 Yes, generative AI can be used to make revenue cycles smarter and find revenue opportunities. 🧠💰 But it can also be used to give classic holiday tunes a festive RCM spin. ❤️ Presenting: 🎼 𝐓𝐡𝐞 𝟏𝟐 𝐃𝐚𝐲𝐬 𝐨𝐟 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐂𝐲𝐜𝐥𝐞 🎼 On the twelfth day of billing, my revenue cycle gave to me: 1️⃣2️⃣ Remits issued, 1️⃣1️⃣ Codes optimized, 🔟 A/R days dropping, 9️⃣ Appeals resolving, 8️⃣ Edits clearing, 7️⃣ Statements printing, 6️⃣ Payers paying, 5️⃣ 𝐂𝐥𝐞𝐚𝐧 𝐜𝐥𝐚𝐢𝐦𝐬! 4️⃣ Charge reviews, 3️⃣ Coding rules, 2️⃣ Prior auths, And a payment posted correctly!

How will AI improve revenue cycle management for healthcare in 2025? 🤔 That's the question Health IT Answers asked health tech and revenue cycle leaders. Here's what Amy Raymond answered: 2025 will mark a pivotal year for generative AI (GenAI) in the healthcare revenue cycle. This technology is no longer just a concept discussed at conferences. Innovative healthcare organizations are already implementing it and seeing results. 📈 The link to the full list of predictions is in the comments 👇 Answers Media Network

📝 What did you take away from AHIMA24? Here are must-know insights on medical coding from the conference, courtesy of AKASA Managing Director Justin Barlow.

🎸 “𝙂𝙪𝙖𝙧𝙙𝙞𝙖𝙣 𝙤𝙛 𝙩𝙝𝙚 𝙇𝙚𝙙𝙜𝙚𝙧” 🎸 This week, the AKASA team hosted a discussion for executives at the Becker's Healthcare CEO + CFO Roundtable. To demonstrate the capabilities of generative AI technology, they used ChatGPT to write a heavy metal song about healthcare CFOs. We hope you love it as much as the attendees did! (Verse 1) In the halls of hospitals, the numbers roar, The chaos brews, the costs soar, A maze of rules, an endless game, But the CFO rides to tame the flame! With spreadsheets sharp, a blade of steel, He fights through codes, he makes the deal, With every charge and every fee, He’s the hero of the economy! (Chorus) Guardian of the Ledger, the healer of the cost, Standing strong in the tempest, where others would be lost! He faces the future with a data-powered eye, In the shifting paradigms, he’ll ride till he dies! (Verse 2) From manual work to AI’s grace, A brave new world we all must face, Automation’s here, the robots grind, But the CFO won’t be left behind. He leads the charge through the digital storm, Defending balance sheets, transforming norms He’s the last line between red and green, In the shadows, he reigns unseen. (Chorus) Guardian of the Ledger, the healer of the cost, Standing strong in the tempest, where others would be lost! He faces the future with a data-powered eye, In the shifting paradigms, he’ll ride till he dies! (Bridge - Guitar Solo) (Screaming guitar riff, echoing the CFO’s journey through the data labyrinth) (The CFO’s laser focus cuts through a storm of riffs and digital beats) (Verse 3) Now the tables turn, the systems change, With AI’s help, we can rearrange, Efficiency rises, and errors fade, The CFO’s vision, a future made. From revenue to patient care, Through every shift, he’s always there, A healthcare hero, bold and true, He fights for all—the team and you! (Chorus - Extended) Guardian of the Ledger, the healer of the cost, Standing strong in the tempest, where others would be lost! The CFO, our titan, both cunning and wise, Through the shifting paradigms, he’ll forever rise! (Outro) Guardian of the Ledger… Forever… brave… In the battle of healthcare, the ledger he’ll save! Libby Monette Amy Raymond Benjamin Beadle-Ryby Rick Tillar Christian Carlson Justin Barlow Cory Costley Kelly Leo

We love connecting with industry leaders and sharing how generative AI can help teams. Thanks, Becker's Healthcare, for hosting yet another great CEO + CFO Roundtable. 👏 And thanks to the many executives who attended our session. We enjoyed chatting with you.

🏆 One of the best parts of AKASA in-person get-togethers is celebrating our colleagues. At our recent company event in San Diego, we presented the 𝐀𝐊𝐀𝐒𝐀 𝐕𝐚𝐥𝐮𝐞𝐬 𝐀𝐰𝐚𝐫𝐝𝐬. 🏆 They're given to the employees who best represent the four core beliefs and behaviors at AKASA. Congratulations to all of the winners. We're so lucky to work with you. 🏆 For Empower Health Systems: Wynne Campbell Eng and Mindy Harris, RHIA, CCS, CDIP, CPC, CPMA, CRC 🏆 For Innovate for Impact: Joshua Fedder, PhD, Joshua Shapiro, and Lucas Wiman 🏆 For Win or Learn, Quickly: Armaghan Behlum and Andy Palmer 🏆 For In This Together: Sara Hadidi and Bryan Mason 👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏

What was your favorite session at AHIMA24? One of the most well-attended was on coding and generative AI by industry veteran Mindy Harris, RHIA, CCS, CDIP, CPC, CPMA, CRC. She walked attendees through: ✅ What generative AI (GenAI) is how it can be used in the revenue cycle ✅ What leading health systems think about GenAI ✅ How to reskill and upskill coding staff so they can best make use of this innovative new technology Check out this recap of what she discussed 👇 https://lnkd.in/e7R3RdCF

🚀 We're gearing up for Becker's Healthcare's CEO + CFO Roundtable! 🚀 AKASA is heading to Chicago from November 11–14 for Becker’s 12th Annual CEO + CFO Roundtable, and we can't wait to talk about how generative AI is shaking up the revenue cycle game for leading health systems.💡 If you're attending, let's connect! We'd love to show you how GenAI can help unlock new revenue opportunities and drive serious efficiency in your organization. 📈 Want to see the latest innovations coming from our team? Grab some time on the calendar during the conference: https://lnkd.in/efzV8TV6 #BeckersCEOCFO

🏁 "We’ve arrived at a rare frontier moment for healthcare today. LLMs have created key leverage points to chip away at some of the industry’s biggest logjams." "Healthcare, an industry steeped in risk aversion, has historically been highly resistant to change. For good reason. The consequences of getting it wrong are severe in human terms, unlike in other sectors where rapid experimentation might be tolerated (or preferred). What makes this moment in history different? An ability to ingest, understand, and link fragmented structured and unstructured data with AI. Software can now tackle operationally intensive and detail oriented tasks across critical healthcare processes: documentation, coding, billing, data management and more, and start automating larger chunks of bottlenecked workflows." Want to know more about why Costanoa Ventures is so excited about this new technology? And why they're investing in companies like AKASA? Read the full article 👇