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Description
Introducing the inaugural unified automation™ solution tailored exclusively for the management of healthcare revenue cycles. Establishing trust within healthcare starts with enhanced revenue cycle practices. It's time for RCM to undergo a transformation, and it should be a comprehensive one. Our conviction is that every dollar allocated to healthcare is significant. This belief inspired the creation of AKASA (previously known as Alpha Health), designed to harness advanced technology to tackle the obstacles in revenue cycle management. These obstacles ultimately have financial repercussions for everyone involved. The current methods in RCM hinder the reduction of administrative expenses in healthcare and fail to enhance performance, while existing solutions tend to complicate matters further and inflate costs. The intricacies surrounding medical reimbursements in the United States contribute to rising hidden expenses that affect us all, diminishing the trust individuals have in the healthcare system's ability to meet their needs effectively. In fact, in 2019, the United States incurred an estimated $500 billion in medical billing and insurance administrative costs, highlighting the pressing need for reform. Addressing these challenges is essential for creating a more efficient and reliable healthcare environment.
Description
Arrow serves as a platform for managing healthcare revenue cycles, enhancing and simplifying payment processes through the automation of billing, claims processing, and predictive analytics, which aids both providers and payers in alleviating administrative tasks, decreasing denial rates, and expediting collections. By integrating workflows, data, and artificial intelligence, Arrow enables teams to identify claim errors prior to submission, handle denials with comprehensive root-cause analyses and simple corrective actions, while also receiving up-to-the-minute claim status updates directly from payers. The platform effectively streamlines the integration of Explanation of Benefits (EOB) and Electronic Remittance Advice (ERA) data into an easily navigable format, offers valuable revenue intelligence with insights that drive improvement in the revenue cycle, and ensures payment accuracy by monitoring for underpayments or overpayments in line with payer contracts. Additionally, Arrow’s innovative features contribute to a more efficient healthcare payment ecosystem, ultimately leading to improved financial outcomes for providers and payers alike.
API Access
Has API
API Access
Has API
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
AKASA
Country
United States
Website
akasa.com
Vendor Details
Company Name
Arrow
Founded
2020
Country
United States
Website
arrowhq.com
Product Features
Revenue Cycle Management
Accounts Receivable
Claims Management
Collections Management
EHR/EMR Integration
For Healthcare
ICD-10 Compliance
Insurance Verification
Medical Billing
Patient Portal
Patient Registration
Patient Scheduling
Payment Processing
Product Features
Revenue Cycle Management
Accounts Receivable
Claims Management
Collections Management
EHR/EMR Integration
For Healthcare
ICD-10 Compliance
Insurance Verification
Medical Billing
Patient Portal
Patient Registration
Patient Scheduling
Payment Processing