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AKASA Company Market Research Report



Company Overview


  • Name: AKASA

  • Mission: At AKASA, we are building the future of healthcare with AI. Our mission focuses on solving healthcare pain points using advanced generative AI technology to improve financial pain points in the revenue cycle, allowing health systems to focus on what really matters: helping patients.

  • Founders' information: No information is available on the exact founders of the company from the provided data.

  • Key People:

  • Malinka Walaliyadde, CEO, Co-founder, and Board Member

  • Varun Ganapathi, Ph.D., Chief Technology Officer, Co-founder, and Board Member

  • Ben Beadle-Ryby, SVP, Commercial, and Co-founder

  • Andy Atwal, VP of Engineering and Co-founder

  • Ryan Roland, Chief Financial Officer

  • Carolyn Satenberg, Chief People Officer

  • Cory Costley, Chief Product Officer

  • Amy Raymond, SVP of Revenue Cycle Operations and Deployments

  • Zach Barrett, VP of Strategy and Operations

  • Headquarters: South San Francisco, California

  • Number of Employees: No information is available

  • Revenue of the Company: $1 Billion total client net patient revenue

  • Known For: AKASA is known as the preeminent provider of generative AI solutions for the healthcare revenue cycle, leveraging advanced technology and deep revenue cycle management (RCM) expertise.


Products


AKASA Platform


  • Description: AI superpowers for your revenue cycle, enhancing speed, accuracy, and efficiency using healthcare-specific generative AI models.

  • Key Features:

  • Generative AI integrations

  • Expert revenue cycle management

  • Seamless integration with clinical data repositories

  • Robust reporting capabilities

  • HIPAA-compliant security infrastructure


Authorization Advisor


  • Description: An AI assistant for patient access, facilitating the prior authorization process for healthcare providers.

  • Key Features:

  • Extracts and presents key information from EHR in one place

  • Suggests relevant clinical documentation using GenAI

  • Supports any payer portal, service line, and most EHRs


AKASA Medical Coding™


  • Description: A GenAI assistant transforming the medical coding field by providing accurate, comprehensive coding recommendations.

  • Key Features:

  • Analyzes a broad range of document types

  • Justifies recommendations with direct links to medical text

  • Trained on health system’s own clinical and financial data


Recent Developments


  • New Products Launched:

  • AKASA Medical Coding™: Announced on June 18, 2024, it is a GenAI assistant designed to improve the efficiency and accuracy of medical coding, transforming the $23B medical coding field.

  • Authorization Advisor: Launched as part of a suite of GenAI assistants to optimize revenue cycle management.


  • Partnerships and Collaborations:

  • Montage Health: Collaboration on automating authorization status checks resulting in a 22% reduction in auth work queue volume and other significant efficiencies.


  • Technology Enhancements:

  • The AKASA Platform now includes specific healthcare models developed by training on 43 million clinical documents and counting.

  • The platform dramatically outperforms generic AI models like GPT-4 by 40%, tailored specifically for understanding patient records and making revenue cycle suggestions.


Revenue Cycle Solutions


  • AKASA's platform and solutions tackle several critical challenges identified by healthcare leaders, including denials management, prior authorization, claim follow-up, and coding. AKASA aims to alleviate these issues through their innovative GenAI technology, promising substantial improvements in revenue outcomes, team empowerment, and resource allocation.


For more information, read [the detailed case studies](AKASA.com/case-studies) and [latest developments](AKASA.com/newsroom).

Contact Details:
  • Website: [AKASA Official Site](AKASA.com)

  • Phone: 650-209-0358

  • Email: info@akasa.com


This information provides a comprehensive and detailed look at AKASA, highlighting its mission, key personnel, products, recent developments, and areas of expertise within the healthcare revenue cycle domain.