AKASA

AKASA

IT Services and IT Consulting

South San Francisco, CA 6,721 followers

AKASA is the preeminent provider of generative AI solutions for the healthcare revenue cycle.

About us

Healthcare revenue cycle teams are strained. Volumes are rising, margins are constricting, and hiring and retaining enough staff is impossible. That’s why you need technology. It’s the only way things are going to get better. 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. 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. We’ve helped healthcare providers decrease A/R days by 13%, improve efficiency by 86%, save 300+ hours of staff time per month, and increase gross yield by $30M. With investors that include Andreessen Horowitz, BOND, Costanoa Ventures, and more, we’ve raised more than $200M to help eliminate the financial complexity of healthcare. We’re rebuilding the healthcare revenue cycle with AI. Let’s chat.

Website
https://www.akasa.com
Industry
IT Services and IT Consulting
Company size
51-200 employees
Headquarters
South San Francisco, CA
Type
Privately Held
Founded
2018
Specialties
AI, Machine Learning, Revenue Cycle Management, Hospital Operations, Healthcare, Large Language Models, RCM, Automation, Prior Authorization, Healthcare Operations, Medical Billing, Revenue Cycle Automation, Claims Processing, Patient Access, Business Office, Generative AI, Claims Management, and Revenue cycle

Locations

Employees at AKASA

Updates

  • View organization page for AKASA, graphic

    6,721 followers

    🤯 “If you want to see a physician go apoplectic at a cocktail party, mention prior authorizations,” said Dr. Robert Wachter, the chair of the medicine department at the University of California, San Francisco. 🥊 Auth continues to be one of the biggest struggles in the healthcare revenue cycle space. That's one of the main reasons we developed Authorization Advisor. 💡 Like the vendors the NY Times interviewed in this story, we're using the latest in AI to improve the administrative complexities of this process. Authorization Advisor is a generative AI-powered assistant that helps prior auth specialists efficiently submit auth requests on payer portals. ➡️ See our AI in action: https://lnkd.in/eQG3nHeR

    In Constant Battle With Insurers, Doctors Reach for a Cudgel: A.I.

    In Constant Battle With Insurers, Doctors Reach for a Cudgel: A.I.

    https://www.nytimes.com

  • View organization page for AKASA, graphic

    6,721 followers

    We’re proud to announce we’ve been recognized as a Great Place To Work for the 4️⃣th year in a row! 🎉 Earning this recognition is a testament to the supportive culture we’ve worked hard to establish at AKASA. ❤️ Thank you to all of our incredible employees. ❤️ Great Place To Work US

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  • View organization page for AKASA, graphic

    6,721 followers

    🎲 Are you in Vegas at HFMA? 🎲 What are you doing Tuesday at 9:50 a.m. PT? The correct answer is attending the Johns Hopkins Medicine and AKASA session on generative AI and the revenue cycle in Mandalay F. Lakmini Kidder, Vice President of Revenue Cycle Management at Johns Hopkins Medicine, and Malinka Walaliyadde, CEO of AKASA, will share everything healthcare leaders need to know about this innovative technology and how revenue cycles are taking advantage of it. You’ll learn about: 🤖 The evolution of GenAI 🧐 How leading health systems are evaluating this technology in the revenue cycle 📈 How GenAI can drive innovation and improve performance in prior authorization and beyond See you there!

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  • View organization page for AKASA, graphic

    6,721 followers

    💥 Meet AKASA Medical Coding: The first GenAI assistant for coders 💥 Earlier this spring, we introduced you to Authorization Advisor, the first in a suite of generative AI (GenAI) revenue cycle assistants. Today, we’re building on that effort. 🚀 AKASA Medical Coding™ is a new groundbreaking mid-cycle solution that puts the power of GenAI at medical coders’ fingertips, enabling them to work with unprecedented efficiency, accuracy, and comprehensiveness. The end result? More accurate coding, more efficient teams, and more appropriate revenue — all at a lower cost. Driven by our proprietary GenAI technology and trained on each health system’s clinical and financial data, AKASA Medical Coding: 📑 Reads every relevant clinical document for every encounter (clinical notes, imaging reports, clinical observations, and more) ✅ Identifies recommended codes 🧠 Provides justifications (linked to supporting medical text) for coders to accept or revise 📊 Shares AI confidence level indicators to make the approval process more efficient 💪 Addresses multiple service lines, within the most complex inpatient settings 📖 Combines clinical and EDI data to create a cohesive patient story Welcome to the next generation of medical coding technology. See AKASA Medical Coding in action: akasa.com/coding

  • View organization page for AKASA, graphic

    6,721 followers

    Heading to the HFMA Annual Conference? Don’t miss Johns Hopkins Medicine and AKASA leaders talking about how generative AI is upending the revenue cycle.  You’ll learn about: 🤖 The evolution of GenAI  🤔 How leading health systems are evaluating this technology in the revenue cycle 📈 How GenAI can drive innovation and improve performance in prior authorization and beyond 📆 Mark your calendars now! 📆 Healthcare Financial Management Association (HFMA)

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  • View organization page for AKASA, graphic

    6,721 followers

    🚨 Attention revenue cycle leaders! The Becker's Healthcare Revenue Cycle Management Virtual Event (sponsored by AKASA) is Tuesday, June 18, from 1 p.m. – 4 p.m. CT. Have you signed up yet? We’re hosting the session “Generative AI in the Revenue Cycle: How It Is Delivering Value” with leaders from Methodist Health System starting at 1. You’ll see how new generative AI-powered technology is actively being used in the revenue cycle TODAY to drive results. ⭐ BONUS: We’ll be making a very big announcement. Sign up for the event so you don’t miss out. ⭐

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Funding

AKASA 5 total rounds

Last Round

Series C

US$ 120.0M

See more info on crunchbase