AKASA’s Annual Report on Automation

  • By digitaldiary
  • in
  • on August 27, 2021

Contributed by AKASA

Automation Becomes a Future-State Mandate

Shifting business dynamics driven by the COVID-19 pandemic in 2020 have intensified the need for automation as organizations face massive financial pressures while abruptly transitioning their teams to remote work. When a hold on elective procedures and other early restrictions were put in place to slow the spread of the virus, many organizations had to furlough staff, operate with reduced capacity, and facilitate new work-from-home arrangements. When demand returned, hospitals and health systems had to bring staff back on campus and pivot operations once again. These challenges have many providers shifting their perspective of automation tools for the revenue cycle from nice-to-haves to future-state mandates. Organizations with robust automation solutions in place to fortify their revenue cycle operations were better able to mitigate the impact of these disruptions on their staff and their bottom line.

Challenges of Deploying New Technologies in a Pandemic

Traditional approaches to deploying automation or other technology tools typically require consultants to shadow employees to document workflows and processes. The new work-from-home environment and social distancing requirements for staff working on-site significantly limited the ability to shadow staff. As a result, implementation timelines slowed or projects were paused altogether, especially for solutions that rely on tandem work with consultants to develop and maintain them. As a result, revenue cycle leaders are prioritizing the ability of technology partners to deploy their solutions rapidly and entirely remotely.

Read the full report here

About AKASA

Be a Better Steward of the Healthcare Dollar

AKASA has pioneered Unified Automation™ to provide health systems with a single solution to efficiently, accurately, and autonomously navigate the complex state of medical reimbursement in the United States, enabling health systems to decrease their cost of care and be better stewards of the healthcare dollar. They evaluated modern automation approaches from some of the most complex domains in the world, and we derived core principles – like the best ways to monitor existing workflows, learn from workflows at scale and quickly adapt to change. They then built proprietary technology from the ground up to apply these core principles to the unique challenges of healthcare revenue cycle management. Unified Automation™ offers revenue cycle leaders at health systems and providers of all sizes a powerful new tool for doing more with less. Unified Automation™ can help restore trust in healthcare, by bringing together the best of people, data, and technology to address financial complexity in the U.S. healthcare system. Go here for more information.

Leave a Reply

PUBLISHED BY digitaldiary

View all posts by digitaldiary

Related Posts

Healthcare

Adam Myers, SVP and Chief Clinical Transformation Officer (CCTO) for the Blue Cross Blue Shield Association (BCBSA) Keynotes our Healthcare Providers and Payers Transformation Assembly

The Millennium Alliance is proud to announce Adam Myers will help start the 2022 season off strong with a keynote address at our upcoming Healthcare Providers and Payers Transformation Assembly on April 19-20. Myers is currently the SVP and Chief Clinical Transformation Officer (CCTO) for the Blue Cross Blue Shield Association (BCBSA), driving clinical transformation […]

#MillenniumLive , Healthcare , Interview , Podcast

#MillenniumLive on Patient Care Coordination with WellSky

#MillenniumLive welcomes Andy Eilert, President of Emerging Markets at WellSky. Andy joins us to chat about investment and growth in the healthcare payer space, care coordination at home, and WellSky’s industry-leading technology that’s enabling caregivers across the continuum. Watch the video interview below, or listen on Spotify, Apple, Amazon Music, Google Podcasts, or SoundCloud. About WellSky WellSky is a technology […]

CIO , Data

Jason Gislason, Chief Digital Officer at Chevron Phillips Chemical Company, Keynotes Our First Assembly of 2022!

The Millennium Alliance is proud to announce Jason Gislason will help start the 2022 season off strong with a keynote address at our upcoming Digital Enterprise CIO & Data Transformation Assembly on February 8-9, 2022. Gislason, currently the Chief Digital Officer at Chevron Phillips Chemical Company, has dedicated over two decades to transforming the Chemicals and […]

CIO , CISO , CMO , Data , Financial Services , Healthcare , Millennium Staff , Retail

Co-Founder of The Millennium Alliance Joins Young Presidents’ Organization (YPO)

NEW YORK – January 20, 2022 – The Millennium Alliance, an invitation-only organization for Senior-Level Executives and Business Transformers, has had the privilege over the past eight years of collaborating with many of the most accomplished C-Suite executives from across the globe. Millennium is excited to announce that its Co-Founder Alex Sobol is one of the newest […]

Lovin’ Digital Diary?

Premium content to our readers interested in all things business.

Check Us Out!

Millennium Membership offers Fortune 1000 C-Level executives, leading public sector/government officials, and thought leaders across a variety of disciplines unique and exclusive opportunities to meet their peers, understand industry developments, and receive introductions to new technology and service advancements to help grow their career and overall company value.

About Millenium Alliance Next

About Digital Diary

Created to provide premium content to our readers interested in all things business.

Launched in 2017, Digital Diary was created to provide premium content to our readers interested in all things business. With our blogs catered to deliver the top news stories, trends, and interviews from across all industries.

Read all story Next

Millennium Alliance Membership

Learn More Next

What does it mean to be a Millennium Member? In the midst of the constant disruption across all industries, our members are given the tools they need to digitally transform their organizations and become the best leaders they can be. Millennium Members are provided the exclusive opportunity to attend our 40+ intimate in person and virtual Assemblies, take part in industry-leading Executive Education sessions conducted by the nation’s leading academic institutions, business leaders, and technology providers and receive industry leading content through our Digital Diary Platform as well as the rapidly growing #MillenniumLive Podcast Series.