RISA Labs, Inc. - Company Research Report
Company Overview
- Name: RISA Labs, Inc.
- Mission: To build the world's largest AI Factory for Healthcare Operations, breaking down administrative inefficiency barriers in healthcare, enabling providers to focus on exceptional patient care.
- Founders: Kshitij Jaggi, Kumar Shivang, and Rishabh Sahu.
- Key People:
- Kshitij Jaggi: Founder and CEO
- Kumar Shivang: Co-Founder and CTO
- Rishabh Sahu: Co-Founder
- Dr. Ruchi Garg: Chief Medical Officer @ City of Hope, Atlanta
- Sandra Bossi: Senior Director of Care Delivery Innovation @ HSS
- Dr. Shelby Kutty: Director of Taussig Heart Center, Professor @ Johns Hopkins
- Sukhveer Singh: Ex-Global Head of Healthcare Insights @ Roche
- Adam Hunke: Principal @ Venture Group, Banner Health
- Headquarters: Palo Alto, California
- Number of Employees: No information is available
- Revenue: No information is available
- Specialization: The company is known for its AI-driven solutions to streamline healthcare administration, particularly focusing on Prior Authorization processes.
Products
RISA Co-pilot
- Description: An AI-optimized solution for quick and automated filing of prior authorizations aimed at higher rates of first-submission success.
- Key Features:
- Cost Savings: Reduces operational costs with proactive denial prevention.
- High Accuracy: Enhances the accuracy of prior authorizations and claims through AI precision.
- Reduced Burnout: Transforms prior authorization and claims management via automated workflows.
- Minimized Risk: Mitigates audit risks with a compliance-focused system.
RISA 360
- Description: A comprehensive prior authorization management solution designed for end-to-end PA needs in healthcare facilities.
- Key Features:
- End-to-End Automation: Facilitates seamless prior authorization processes, from patient registration to status updates, digitally connected without leaving the EHR system.
- API Interoperability: Ensures seamless data transfer across systems following DaVinci Protocol, powered by FHIR standard.
- Focused Expertise on Complex Cases: Identifies and allocates complex cases for human intervention with the necessary data.
RISA Multi-Agent System (MAS)
- Description: A network of AI agents designed for specialized tasks within the PA workflow, collaboratively enhancing decision-making and operational precision.
- Key Features:
- State-of-the-Art AI Technology: Utilizes thousands of computations under a minute to continually improve through expert peer interactions.
- Multi-Agent System: Teams of agents, each tailored for specific tasks, working together harmoniously.
- No New Dashboard: Integrates seamlessly with existing workflows, requiring no additional interfaces.
Recent Developments
- AI-Driven Platform Launch: On January 17, 2024, RISA launched a new AI-driven platform designed to streamline the prior authorization process, aiming to reduce administrative costs and improve operational efficiency. The deployment on openEMR showed positive outcomes, with plans to expand to major EHR systems.
- Partnerships: Collaborating with initial partners to integrate with major Electronic Health Records (EHR) systems.
- Implementation Advancements: Anticipates adhering to CMS mandates starting January 2026 for integrating FHIR APIs to enhance electronic health data exchange.
- Advisory Board Inclusion: Addition of Dr. Shelby Kutty (Director of Taussig Heart Center @ Johns Hopkins) and Dr. Ruchi Garg (Chief Medical Officer @ City of Hope).
- Expansion Plans: Plans to form the "MASTERY" Team, focusing on recruiting top AI talent dedicated to healthcare innovation.
Locations
- HQ: Palo Alto, CA
- Offices:
- San Francisco, USA
- Wilmington, DE, USA
- Bangalore, Karnataka, India
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