The startup develops cloud-based software for managing healthcare revenue cycles, utilizing both attended and unattended automation to enhance operational efficiency. By providing data analytics and insights, the platform addresses inefficiencies in revenue cycle management, enabling healthcare organizations to optimize their financial processes.
Funding
$15.1M 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 organizations face challenges in optimizing their revenue cycle management (RCM) due to complex payer rules, antiquated systems, and increasing costs to collect. These inefficiencies lead to revenue loss and strain financial resources.
Solution
Revology provides a tech-enabled RCM solution designed to help healthcare organizations maximize cash collections and improve operational efficiency. The company's approach combines experienced RCM professionals with smart technology to address the gaps and pitfalls in the revenue cycle. Revology's proprietary technology, Auxo, uses machine learning and analytics to prioritize claims, streamline workflows, and provide transparency into team performance. By consolidating EHR and payer information into a single workspace, Auxo empowers teams to focus on high-value activities and ensure claims are paid correctly. Revology offers end-to-end RCM services, coding assistance, insurance follow-up, and RCM leadership to support healthcare organizations in achieving a higher standard of revenue cycle performance.
Target Audience
Revology serves hospitals, health systems, and physician organizations seeking to improve their revenue cycle management and maximize cash collections.
Features
- Machine learning and analytics to prioritize claims based on value
- Consolidated EHR and payer website information in a single workspace
- Workflow automation to streamline claims processing
- Real-time transparency into work strategy, team, and individual performance
- Daily claims refreshing to ensure focus on highest value claims
- Gamified interface designed for the evolving workforce
- Integration with MEDITECH Expanse