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Medical Billing | Revenue Cycle | Patient Financial Experience | News, Analysis, Insights - HIT Consultant

Cedar Launches ‘Kora’ AI Voice Agent to Automate Patient Billing Calls

by Fred Pennic 04/29/2025 Leave a Comment

Cedar Unveils Agentic AI Purpose Built for Healthcare Billing

What You Should Know:  - Cedar, a patient financial platform for healthcare providers announced the launch of Kora, its advanced AI voice agent designed to automate patient billing calls.  - Developed in collaboration with communications platform Twilio and already being implemented at leading providers such as ApolloMD, Kora leverages Cedar's deep healthcare expertise and proprietary billing data to deliver efficient and empathetic call resolution at scale. Kora: An AI Voice
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Youlify Raises $4.3M to Optimize Medical Billing with Generative AI

by Syed Hamza Sohail 04/18/2025 Leave a Comment

Youlify Raises $4.3M to Optimize Medical Billing with Generative AI

What You Should Know: -  Youlify, a physician-founded AI company rebuilding the financial backbone of healthcare, today announced $4.3 million in seed funding to help hospitals and doctors get paid faster and more accurately. -  The platform replaces traditional billers with AI and provides an end-to-end revenue cycle management platform that completely automates coding, claims, and denial recovery. The round was led by Brett Queener at Bonfire Ventures, with participation from Top Harvest
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Candid Health Secures $29M for Revenue Cycle Automation Platform

by Fred Pennic 09/13/2024 Leave a Comment

Candid Health Secures $29M for Revenue Cycle Automation Platform

What You Should Know:  - Candid Health, the innovative revenue cycle automation platform designed for healthcare providers raises $29M in a Series B funding round led by 8VC, with participation from existing investors First Round Capital, BoxGroup, and Y Combinator. - This latest investment brings the company's total funding to $47M. Simplifying Medical Billing, Empowering Providers Candid Health is committed to simplifying the complex and often frustrating process of medical
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Navigating the Murky Waters of Healthcare Billing

by Ritwik Batabyal, Chief Technology and Innovation Officer at Mastek.at Mastek 09/03/2024 Leave a Comment

Navigating the Murky Waters of Healthcare Billing

The traditional fee-for-service healthcare model, which reimburses providers based solely on the quantity of services delivered, is undergoing a much-needed transformation. The choice now is of value-based care initiatives, that are more focused on improved patient outcomes and preventive care, rather than simply paying for services rendered. At the core of this change is a fundamental realignment of the mission, processes, metrics, and cultural values for healthcare providers and clients,
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Talkiatry & Cedar Partner to Tackle Mental Health Payment Woes

by Jasmine Pennic 04/02/2024 Leave a Comment

Talkiatry & Cedar Partner to Tackle Mental Health Payment Woes

What You Should Know: - Talkiatry, a provider of in-network psychiatric care, has partnered with Cedar, a healthcare financial engagement platform, to optimize the billing experience for their patients. - The strategic partnership prioritizes not only mental health treatment itself, but also the financial barriers that often prevent individuals from seeking or continuing care. Mental Health Crisis Demands Solutions The United States faces a significant mental health crisis, with one
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RCM: Cedar, Google Cloud Partner to Gen AI Tools to Improve Healthcare Billing for Patients

by Fred Pennic 08/02/2023 Leave a Comment

RCM: Cedar, Google Cloud Partner to Build AI-Powered Tools to Improve Healthcare Billing for Patients

What You Should Know:  Cedar, an enterprise financial engagement platform that improves the end-to-end journey for consumers announced a strategic collaboration with Google Cloud.  As part of the collaboration, Cedar will be using Google Cloud’s generative AI tools, including Vertex AI, Generative AI App Builder and others to build solutions that will assist patients in understanding and resolving their healthcare bills.  Generative AI Tools to Improve Patient Financial
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Inbox Health Raises $22.5M for Patient Billing Communications Platform

by Fred Pennic 05/04/2023 Leave a Comment

Inbox Health Raises $22.5M for Patient Billing Communications Platform

What You Should Know: Inbox Health, a New Haven, CT-based patient billing communications platform raises $22.5M in a Series B financing round, led by fintech-focused Ten Coves Capital. The Series B announcement follows news that Inbox Health's billing technology was awarded a patent by the U.S. Patent and Trademark Office in April 2023. The new growth capital will further accelerate Inbox Health’s strategic growth as it continues to improve and modernize the billing, support, and payment
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New Medical Billing Codes You Should Know About

by Jim Collins, President of Medcare MSO 03/16/2023 Leave a Comment

Physicians need to keep their billing and coding right to ensure seamless reimbursements from payers. Similarly, they should stay updated with the latest coding changes to keep their revenue cycle intact. In addition, running a successful medical practice is a daunting task as the providers need to stay updated with the industry guidelines. The year 2023 is bringing changes in medical codes to help providers reduce their burden and streamline patient care. So, providers need to stay focused on
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Half of the Patients With High-Deductible Health Plans Have Received Surprise Medical Bills

by Syed Hamza Sohail 01/27/2023 Leave a Comment

Medical Bills Continue to Plague Consumers as Source of Anxiety, Mystery and Frustration

What You Should Know: - AKASA™, the leading developer of AI for healthcare operations, released findings from a survey conducted on its behalf by YouGov. - The findings highlight how patients with high-deductible health plans (HDHPs) suffer the downstream effects of a complex medical billing process, including surprise medical bills, inaccuThe findings highlight how patients with high-deductible health plans (HDHPs) suffer the downstream effects of a complex medical billing process,
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43% of Consumers Spend Up To A Month Correcting Billing Errors

by Syed Hamza Sohail 01/16/2023 Leave a Comment

43% of Consumers Spend up to a Month Correcting Billing Errors

What You Should Know: - In the online survey administered to 800 U.S. consumers who had found at least one medical billing error in the last five years, 41% of the consumers are significantly frustrated trying to address billing errors.   - Zelis, a company modernizing the business of healthcare, announced findings from a new study on consumer billing conducted in partnership with Hanover Research, an independent research firm. The full results and insights are featured in the
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