Company Research Report: CorroHealth
Company Overview
Name
CorroHealth
Mission of the Company
To redefine revenue cycle management in both fee-for-service and value-based care models by leveraging state-of-the-art technology, analytics, and tailored revenue cycle solutions to drive financial resilience across the healthcare continuum.
Founded
2020
Founders
No information is available
Key People
- Pat Leonard - Chief Executive Officer
- Scott Tudor - Chief Financial Officer
- Dr. Jerilyn Morrissey - Chief Medical Officer
- John Wallace - Chief Commercial Officer
- Becky Blake - Chief People Officer
- Jayshree Harjani - Chief Compliance and Privacy Officer
- Luisa Contreiras - President
- Neal Somaney - President
- Pat DeAngelo - President
- Ravi Narayanan - Executive Vice President and Chief Automation Officer
- Cindy Becker - General Counsel
- Carey Ketelsen - Executive Vice President
- Yadvinder Singh Jaspal - General Manager of Global Operations
Headquarters
Plano, Texas
Number of Employees
Over 11,000 employees worldwide
Revenue
No information is available
What is the Company Known For
CorroHealth is known for being a leading provider of clinically led healthcare analytics and technology-driven solutions specifically designed to enhance the financial performance of physicians, hospitals, and health plans.
Products
General Overview
CorroHealth offers a wide range of products focused on revenue cycle management, intelligent automation, clinical documentation integrity, and advanced analytics.
Detailed Product Breakdown
PULSE Coding Automation Technology™
- Description
PULSE is an AI-powered medical coding solution that streamlines the revenue cycle by automating medical coding tasks.
- Key Features
- 100% automated
- 97% accuracy in capturing medical codes
- 5-7x productivity lift
- Integrates with any EHR system
- Comprehensive reporting for strategic analysis
VISION Clinical Validation Technology™
- Description
A DRG-focused intelligence platform aimed at enhancing clinical documentation and revenue integrity.
- Key Features
- AI integration for precise clinical documentation
- Smart scoring for clinical accuracy
- Compliance and reimbursement optimization
- Real-time data analytics
- Quick return on investment, often within 30 days
Outsourced Medical Coding
- Description
Outsourcing services for medical coding to improve operational efficiency and accuracy.
- Key Features
- Comprehensive support across all EHR platforms
- Staff of over 7,000 certified coders
- High coding accuracy rate above 95%
- No subcontractors involved
AR Recovery
- Description
Solutions for aged account receivable recovery using advanced AI-based technology.
- Key Features
- REVIVE Specialized RCM Automation™
- 30% of inventory resolved in one touch
- Resolves small and zero balance accounts
- Customizable modules for specific process requirements
Chargemaster Services
- Description
Services focused on market-based pricing, chargemaster review, price transparency, and compliance with regulations like the No Surprises Act.
- Key Features
- Market-based pricing
- Price transparency
- Comprehensive review of pricing models
- Ensures regulatory compliance
Clinical Documentation Integrity (CDI)
- Description
Services aimed at enhancing clinical documentation to ensure accurate revenue capturing.
- Key Features
- Expert-led CDI programs
- Advanced AI solutions for clinical validity
- Scalable and customizable solutions
- Real-time collaboration with clinical teams
Recent Developments
New Products Launched
- REVIVE Specialized RCM Automation™ - Launched to tackle small and zero balance accounts using AI-driven solutions.
- VISION Clinical Validation Technology™ - Announced new updates to further enhance DRG and revenue integrity.
New Features Added to Existing Products
- PULSE Coding Automation Technology™ - Enhancements in large language models and deep learning for better accuracy and efficiency.
- Utilization Management - Added advanced data analytics features for identifying and managing payer denials.
New Partnerships
- Partnered with Versalus Health to expand solutions available to hospitals.
- Acquired ParaRev to enhance capabilities in the revenue cycle management space.
Conclusion
CorroHealth offers a breadth of technologically advanced and clinically informed solutions aimed at optimizing the healthcare revenue cycle. Their integrated approach and global presence ensure that their clients are able to improve financial health while maintaining high standards of patient care.
