Advata™ Introduces Advanced RCM Software to Improve Healthcare Workforce Experience, Productivity and Efficiency
The new Accounts Receivable SaaS solution can increase inflows up to 1% of NPSR
BELLEVUE, Wash., September 29, 2022 /PRNewswire/ — Advataan advanced medical analysis software company, introduces a new revenue cycle management (RCM) product called Advata Smart AR™. This proprietary software-as-a-service (SaaS) solution enables healthcare providers to improve accounts receivable https://advata.com/smart_ar(AR) by automating processing and advising staff on the recommended next action. The technology can uniquely search and process huge volumes of historical claims data to help AR teams operate more productively, especially when understaffed.
Smart AR is built on a foundation of industry expertise and leverages predictive analytics to streamline workflows and optimize staff time. The product combines artificial intelligence (AI) and robotic process automation (RPA) to examine AR tasks and guide teams through future steps. In 30 days, Advata’s solution can analyze an organization’s data and determine which combination of bots and tasks to prioritize for staff members to get more money from AR. This review process produces a roadmap that AR teams can implement to increase cash receipts by up to 1%.
“Managing AR is often a complex, manual and time-consuming task,” says Corinne Strum, Advata Senior Vice President, Head of Product. “Smart AR illustrates how advanced data analytics and automation can transform healthcare management and operations. Our clients use this core technology to make their customer account team smarter.” To date, Advata’s core technology has generated over $500 million Net Patient Services Revenue (NPSR) benefits its customers.
The new AR solution analyzes critical financial information and finds opportunities to increase collections. Advata’s prioritized action plan, analytics, and bots increase NPSR, deliver actionable financial data, drive decision-making, and automate many AR processes. To learn more, please Click here to see our eBook.
Login with Advata Smart AR product experts at booth #: 527 during the seventh edition Becker’s Health IT + Digital Health + RCM Annual Meeting of October 4-7 in Chicago, IL.
About Advata Inc.
Advata is on a mission to deliver advanced analytics that transform healthcare management and operations. Building on a foundation of data science research, the company develops solutions anchored in a unifying platform driven by responsible artificial intelligence (AI) to improve clinical care, hospital operations and population health. With a strong legacy in healthcare, Advata leverages the collective institutional intelligence and technology contributions of its six legacy companies: KenSci, Colburn Hill Group, Alphalytics, Lumedic, Quiviq and MultiScale. To learn more, visit advata.com.
Advata and Advata Smart AR are registered trademarks of Advata Inc.
Contact: Sheri Wachenheim