OpenBots provides Coordio Healthcare, an AI‑first platform that automates the full revenue cycle management process for hospitals and health systems, from patient intake and eligibility verification to claims submission, collections, and denial resolution. By integrating directly with existing EMR systems via FHIR APIs or surface automation, the solution eliminates manual workflows, reduces denial rates, and accelerates reimbursements while offering real‑time analytics and configurable rule sets.
Funding
$15M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Healthcare providers often rely on fragmented software systems for revenue cycle management (RCM), leading to manual workflows, high denial rates, and delayed reimbursements. The lack of seamless integration between electronic medical records (EMR) and RCM tools creates inefficiencies that increase administrative costs and reduce cash flow.
Solution
OpenBots offers Coordio Healthcare, an AI-first automation platform that streamlines the entire RCM lifecycle—from patient intake and eligibility verification to prior authorization, claims submission, collections, and denial management. The platform uses advanced AI models to orchestrate highly autonomous workflows, reducing the need for manual intervention. Coordio integrates directly with existing EMR systems via FHIR APIs or surface automation, enabling end-to-end data exchange without replacing legacy infrastructure. Real-time analytics and exception handling provide visibility into bottlenecks and allow rapid remediation of denied claims. By consolidating disparate RCM functions into a single, intelligent platform, Coordio improves reimbursement speed and lowers operational overhead.
Target Audience
Primary customers are hospitals, health systems, and large outpatient clinics that manage extensive revenue cycle operations and seek to replace manual, patchwork processes with a unified automation solution.
Features
- AI-driven end-to-end automation of patient intake, eligibility checks, prior authorizations, claim filing, collections, and denial resolution
- Seamless integration with EMR systems using standard FHIR APIs or surface automation for environments lacking native connectivity
- Autonomous workflow engine that learns from historical data to optimize task routing and reduce manual touchpoints
- Real-time dashboards and analytics for monitoring claim status, denial trends, and revenue performance
- Configurable rule sets and exception handling to address complex payer requirements and compliance standards
- Scalable architecture that supports multi-facility deployments and high transaction volumes