Revenue cycle management
An American Hospital Association webinar revealed that healthcare leaders consider AI integral to their revenue cycle management operation.
The company's AI agents handle scheduling, benefit checks, prior authorization claims status and billing.
John Yount, chief innovation officer at FinThrive, discusses ways AI can eliminate inefficiencies and better reduce revenue leakage that typically stem from errors, delays and missed opportunities for reimbursement.
Different types of artificial intelligence help mirror clinical judgement and deliver real-time insights across the areas of the mid-revenue cycle, specifically utilization management, clinical documentation and coding, says William Chan, cofounder and CEO of Iodine Software.
Funding from the venture capital firm's Customer Value Fund will allow Commure to accelerate its expansion in healthcare without ownership dilution.
The company will use the funds to enhance the development of its AI capabilities and for commercial growth.
The company will use the funds to expand its customer relationships with provider groups.
AI and automation revenue cycle management tools will be accessible to 160,000 physicians.
The company will use the funds to help expand EMR and RCM business for outpatient therapy clinics.
Olive said the deal completes its pivot to focus on health system finances.