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AGS Well being strengthens its place because the main supplier of outsourced prior authorization companies
AGS Health, a number one supplier for tech-enabled income cycle administration (RCM) options and strategic development companion to healthcare suppliers throughout the U.S., pronounces the acquisition of the India-based affected person entry outsourcing enterprise unit of the Florida-based healthcare expertise firm Availity.
With greater than half of U.S. hospitals anticipating a yr of detrimental margins, reaching full and correct reimbursement for companies has by no means been extra crucial. With this growth, AGS Well being is positioned to supply sooner, extra versatile monetary clearance options at an excellent better scale to assist improve prospects’ first-pass reimbursements charges.
“At AGS Well being, our focus is bigger monetary freedom for healthcare organizations, permitting them to reinvest of their imaginative and prescient for superior affected person care,” says AGS Well being CEO, Patrice Wolfe. “With this acquisition, we will higher equip our prospects with the instruments and skilled companies essential to assist overcome payer complexities, cut back denial charges, mitigate income leakage, and speed up money circulate on the again finish.”
The acquisition permits AGS Well being to increase the capabilities of the AGS AI Platform with new expertise to reinforce accuracy and scalability and additional streamline affected person entry operations. The expertise platform is able to mechanically figuring out, submitting, and verifying the standing of prior authorization requests. Moreover, estimates of the affected person’s out-of-pocket price will be mechanically generated primarily based on payer guidelines set by the healthcare group.
The transfer may even add roughly 200 affected person entry service workforce members to AGS Well being’s world workforce of greater than 11,000 college-educated, skilled RCM consultants. With labor shortages devastating all areas of the healthcare system, outsourced companies are extra crucial than ever – significantly as monetary clearance efficiency will depend on entry to certified, expert labor.
“This acquisition is simply a part of our continued funding in our prospects’ success with automation expertise and skilled groups,” Wolfe provides. “As development companions, we’re dedicated to equipping our prospects with versatile, trendy options to mitigate threat and adapt to vary. That is a part of what we name ‘AI with a human contact’.”
About AGS Well being
AGS Health is greater than a income cycle administration firm–we’re a strategic companion for development. With high-touch companies complemented by AI-enabled applied sciences and skilled help, AGS Well being is the premier income cycle companion for the main well being programs, doctor teams, and tutorial medical facilities within the US. With skilled perception into trendy income cycle practices, the corporate pairs cutting-edge expertise with college-educated, skilled RCM consultants to assist purchasers obtain a high-performance income cycle to optimize workflows, keep compliance, and stop income leakage. AGS Well being employs greater than 11,000 workforce members globally and companions with greater than 100 purchasers throughout quite a lot of care settings, specialties, and billing programs.
Initially introduced February twenty first, 2023
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