Robotic Process Automation (RPA)

Notable Secures $100M to Expand Intelligent Automation in Healthcare

What You Should Know: – Notable, a San Mateo, CA-based leader in healthcare intelligent automation, today announced it has raised $100M in Series B funding led by ICONIQ Growth, including participation by Greylock, F-Prime Capital, and Oak HC/FT to accelerate growth and innovation within the healthcare industry.  – The company plans to use the new round …

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Can Predictive AI Fully Inform Patient Care Decisions?

Laura Coughlin, RN, BSN, MBA VP, Clinical Innovation and Development, Change Healthcare In recent years, the healthcare industry has fully embraced the potential for artificial intelligence (AI) to transform healthcare practice and delivery. From the advent of big data to the arrival of EHRs, the industry is familiar with the hype that accompanies technology advancements. …

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8 Key Healthcare Revenue Cycle Benchmarks to Increase Productivity

What You Should Know: – AKASA™, an automation company for healthcare revenue cycle management,  released a report titled, “New Productivity Benchmarks For The Healthcare Revenue Cycle” that 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. – These …

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Healthcare Automation Most Urgent Need to Improve Patient Care, Report Finds

What You Should Know: Half of the healthcare administrative staff report seeing an increase in the amount of manual data entry in the past 12 months — and 92% of clinicians agree that too much time spent on administrative tasks is a major contributor to healthcare worker burnout. This and other findings are revealed in …

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Chatbots in Healthcare: A More Humanized, Patient-Oriented Approach

Bent Philipson, Founder of Philosophy Care The adoption of chatbots and virtual assistants, coupled with the integration of artificial intelligence and machine learning technology, has revolutionized the healthcare industry. In many ways, chatbots have become ubiquitous, providing a more optimized user experience through digital means. The healthcare industry has already benefited immensely from this technology, …

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Olive Launches In-House Venture Studio for Digital Health Startups

Olive Launches In-House Venture Studio for Digital Health Startups What You Should Know:  – Olive, the $4B healthcare automation company, today announced Olive Ventures, a new in-house venture studio that works hand-in-hand with early-stage entrepreneurs to create digital health companies through Olive’s platform.  – Olive Ventures offers visionaries a secure, compliant tech environment (i.e. Olive’s …

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Provider Adoption of Automated Revenue Cycle Operations On The Rise

What You Should Know: – 78 percent of health systems are currently using or are in the process of implementing automation in their revenue cycle operations, according to recent survey results from AKASA, a South San Francisco-based revenue cycle management automation company. The key findings signal automation in healthcare is no longer an emerging trend …

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Olive Selects AWS as Its Preferred Cloud Provider to Create the Internet of Healthcare

What You Should Know: – Olive, the AI healthcare company, announced today the adoption of Amazon Web Services, Inc. (AWS) as its preferred cloud provider, now leveraging AWS’s computing capabilities to improve healthcare efficiency and reduce costs for patients and organizations. – Olive’s workflow automation solution will run on AWS to connect the disparate systems …

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Kareo Acquires RPA-Powered Medical Billing Provider PatientlySpeaking

What You Should Know: – Kareo, a provider of cloud-based clinical and business management software solutions for independent healthcare practices and billing companies, today announced the acquisition of PatientlySpeaking, a process automation technology company for billing companies and medical practices. – Together with Kareo’s intuitive billing platform, PatientlySpeaking provides an integrated data connection for billing …

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Olive Enters Clearinghouse Market with Acquisition of Healthcare IP

What You Should Know: – Olive, a healthcare automation company today announced the acquisition of Healthcare IP, an integrated partner of healthcare provider and payer organizations, advocating data transparency and user experience in the revenue cycle. Financial details of the acquisition were not disclosed. – Healthcare IP is a clearinghouse that has been streamlining payment …

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Olive Secures $400M At A $4B Valuation to Support New Instant Claim Payment Solution

What You Should Know: – Today, healthcare automation company Olive, today announced a $400M in funding round led by Vista Equity Partners with additional investment from the Base10 Partners Advancement Initiative. Olive, a provider of AI powered workforce purpose-built for healthcare, has now secured $832 million in financing since March 2020, and $902 million since …

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How Yale-New Haven Uses IPA in Revenue Cycle to Tackle Inefficiency

As the pandemic heads toward a second year with no further financial stimulus guaranteed, hospitals and health systems are seeking ways to reduce costs and improve revenue cycle performance. Intelligent process automation (IPA) is an emerging solution designed to optimize operations and increase productivity through a combination of process modeling, process automation, and artificial intelligence.  …

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