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Solutions
Description
Compatibility Level
Clients
Use cases
EHR integrations
Client types
Differentiators
Keywords
Media
Company details
Jump to:
Categories
Solutions
Description
Compatibility Level
Clients
Use cases
EHR integrations
Client types
Differentiators
Keywords
Media
Company details

Categories

Solutions

Description

Product Description:

AKASA is the preeminent provider of generative AI solutions for the healthcare revenue cycle. Our offerings are built on the AKASA platform, which integrates the company's proprietary generative AI technology and deep revenue cycle expertise to deliver exceptional impact for hospitals, health systems, and the patients they serve. 

  • Authorization - Enhance prior authorization by empowering your patient access team with a GenAI assistant that helps them complete a higher volume per day with less effort.
  • Medical Coding - Achieve unprecedented coding comprehensiveness, transparency, accuracy, and efficiency with GenAI-powered coding recommendations trained on your data.
  • Claim Attachment - Simplify solicited doc submission to payers with automation powered by GenAI — helping resolve them more efficiently, reduce payment delays, and lower denials.
  • Claim Status - Obtain up-to-date status info for submitted claims automatically, alleviating the burden on staff, speeding up claim resolution, and preventing reimbursement delays.
About AKASA:

AKASA is the preeminent provider of generative AI solutions for the healthcare revenue cycle. Our offerings are built on the AKASA platform, which integrates the company’s proprietary generative AI technology and deep revenue cycle expertise to deliver exceptional impact for hospitals, health systems, and the patients they serve. Our platform is used by more than 475 hospitals and 8,000 outpatient facilities. AKASA helps healthcare organizations improve revenue outcomes, achieve greater efficiency, empower staff, and allocate resources where they matter most.

Product Description:

In an environment where codes and billing regulations are always changing, ensuring accurate charge capture can be a huge challenge for providers. Waystar handles this to ensure you aren’t leaving money on the table.  

Protect your revenue + prevent revenue loss

  • Increase FTE productivity
  • Rebill payers with more confidence
  • Get deeper visibility into your data to identify root causes
  • See just how much Charge Integrity could benefit your bottom line. Click below to get an estimate of your potential ROI.

Implementation is seamless, and you’ll see immediate results.

How is Waystar different?

  • Predictive analytics go beyond a basic rule-based approach
  • Machine learning algorithms analyze historical data to identify patterns
  • Hospital and physician data sets are cross-referenced to identify incompatible codes and missing or incorrect charges
  • In-house auditing team of certified coders (AHIMA/AAPC, RHIA, RN, CPC)
  • Web-based or HIS-integrated user workflows
  • Comprehensive review process across all payers and patient classes

What our clients are saying:

"We don't have time to constantly read journals to find out the latest code--I don't know anyone who does. Just one cardiology code paid for the Charge Integrity product for a few years."

-Assistant Director, Revenue Integrity, Floyd Health Care System

About Waystar:

Waystar delivers innovative technology that simplifies and unifies healthcare payments. The company’s cloud-based platform helps healthcare providers across all care settings streamline workflows, improve financial performance and bring more transparency to the patient financial experience. Waystar solutions have been named Best in KLAS or Category Leader by KLAS Research 16 times (across multiple product categories) and earned multiple #1 rankings from Black Book. The Waystar platform is used by more than half a million providers, 1,000 health systems and hospitals, and 5,000 payers and health plans—and integrates with all major hospital information and practice management systems. On an annual basis, Waystar’s AI-powered solutions process $5B in patient payments, generate $4B in out-of-pocket estimates and process claims representing approximately 40% of the U.S. patient population. For more information, visit www.waystar.com.

Compatibility level

Select which hospital or health system you work at and see a personalized compatibility level.

Clients

Select which hospital or health system you work at and see the client list

Use Cases

Description:
  • Prior authorization submissions
  • Prior authorization status check
  • Medical coding - review of missed opportunities
  • Claim status check
  • Resolving solicited claim attachment requests from payers  
Pediatric use cases:

See the above list. 

Users:

RCM teams including:

  • Prior authorization - prior auth managers, supervisors, leads, and specialists
  • Medical coding - coders, coding managers and supervisors, HIM managers and directors 
Description:

None provided

Pediatric use cases:

None provided

Users:

None provided

EHR Integrations

Integrations:

None provided

EMR Integration & Relevant Hardware:

Required

EMRs Supported:

Epic, Cerner

Hardware Compatibility:

None provided

Integrations:

None provided

EMR Integration & Relevant Hardware:

None provided

EMRs Supported:

None provided

Hardware Compatibility:

None provided

Client Types

Differentiators

Differentiators vs EHR Functionality:

See below. 

Differentiators vs Competitors:

Our solutions are powered by the latest generative artificial intelligence (GenAI) technology. Our healthcare-specific GenAI model is fine-tuned for revenue cycle management tasks. We trained our GenAI on a large data set (43M+ clinical documents). AKASA is the only AI company whose technology is trained on a health system's own clinical data, enabling AI to better understand the specific nuances of a health system.

GenAI can rapidly and accurately understand complex clinical documents (such as patient records), comprehend clinical context, extract information, and use the data in meaningful ways, such as in prior authorization and medical coding. 

Differentiators vs EHR Functionality:

None provided

Differentiators vs Competitors:

None provided

Keywords

Images

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AKASA Authorization Image

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Videos

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Downloads

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AKASA Rev Cycle Portfolio Overview.pdf

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Alternatives

Company Details

Founded in 2000

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