Partnership to Help Healthcare Organizations Mitigate Revenue and Billing Compliance Risk with AI-Powered Analytics
Wellesley, MA, Feb 28, 2020 –– Hayes, makers of the industry’s leading integrated compliance and revenue integrity platform for the nation’s premier healthcare organizations today announced that they have entered a strategic partnership with ThoughtSpot, the leader in search and AI-driven analytics, to develop solutions that empower healthcare organizations to proactively manage and mitigate revenue and compliance risks.
Hayes’ flagship revenue integrity software platform, MDaudit Enterprise, is a powerful, cloud-based risk monitoring solution used by the nation’s foremost academic medical centers, hospitals and physician groups. MDaudit is an enterprise-class platform that enables organizations to efficiently monitor medical claims for billing and coding accuracy, ensuring compliance with government and commercial payer requirements and maximizing the attainable level of revenue. The platform accelerates productivity for revenue cycle and compliance professionals by providing workflow automation, risk monitoring, built-in analytics and benchmarking capabilities – all in a single, integrated platform. In the market since 2003, MDaudit is currently used to audit one in eight providers in the U.S.
The partnership will focus on integrating healthcare billing, compliance and revenue integrity domain expertise from Hayes and ThoughtSpot’s search and AI-powered platform into a single, comprehensive enterprise solution. “In this data driven era, leading healthcare organizations want forward-looking insights and indicators that help them effectively manage revenue and compliance risks. Our MDaudit Enterprise platform lets our customers automate their auditing processes, resulting in optimized coding and billing practices that retain more revenue. Collaborating with ThoughtSpot expands our current analytics capabilities to deliver best in class Natural Language Processing and AI-driven business insights that can dramatically accelerate productivity and optimize revenue capture.” said Ritesh Ramesh, Chief Technology Officer for Hayes.
“We are delighted to be partnering with Hayes to develop innovative AI-driven tools that will enable healthcare compliance and finance executives to identify and mitigate their revenue risk,” added Toni Adams, VP of Alliances and Partners, ThoughtSpot. “Adding augmented intelligence capabilities to the MDaudit Enterprise platform will deliver even more value to healthcare organizations looking to protect their revenue stream.”
About Hayes and MDaudit
Hayes is a leading healthcare technology provider that partners with the nation’s premier healthcare organizations to improve revenue, mitigate risk and reduce operating costs to succeed in an evolving healthcare landscape. MDaudit Enterprise, our flagship revenue integrity SaaS platform, enables organizations to reduce compliance risk, improve efficiency and retain more of their revenue stream by providing workflow automation, risk monitoring, and built-in analytics and benchmarking capabilities – all in a single, integrated cloud-based platform. To learn more visit www.hayesmanagement.com.
Follow Hayes via Twitter @HayesManagement or Linked In.
About ThoughtSpot
The world’s most innovative enterprises use ThoughtSpot to empower every person in their organization, from C-suite executive to front-line employee, with the ability to quickly uncover data-driven insights. With ThoughtSpot, business people can type a simple search to instantly analyze billions of rows of data, and leverage artificial intelligence to get trusted, relevant insights pushed to them as answers to thousands of questions they might not have thought to ask. ThoughtSpot is simple enough for any business person to use, yet powerful enough to handle even the largest, most complex enterprise data without sacrificing speed, security, or governance. That’s why customers like Walmart, 7-11, BT, Daimler, Exxon, Hulu, Royal Bank of Canada, Bank of the West, and Nationwide Building Society have turned to ThoughtSpot to transform their decision-making cultures and analyst firm Gartner named ThoughtSpot a Leader in the 2020 Magic Quadrant. By making insights a part of every conversation and every decision, ThoughtSpot is reimagining the role of data in creating a more fact-driven world. For more information, please visit www.thoughtspot.com.
