AKASA logo — AKASA is the leading provider of generative AI solutions for...

AKASA

AKASA is the leading provider of generative AI solutions for the healthcare revenue cycle.

Founded 2019 United States South San Francisco, United States 223 employees Series C Total: $205.00M AI, Health Care +1

General Information

Company Name AKASA
Founded Year 2019
Location United States South San Francisco, United States +1
Employees 223
Industries AI, Health Care, Machine Learning
Funding Stage Series C
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About AKASA

AKASA, founded in 2019, is a U.S.-based company leading the way in the use of generative AI to streamline the healthcare revenue cycle. Its innovative approach is rapidly gaining traction among top health systems, evidenced by the national acclaim for its deployment at Cleveland Clinic, marking it as a standout application of GenAI in healthcare finance.

By delivering an average of $3.1M in additional revenue and enhancing quality indicators significantly, AKASA demonstrates a consistent, measurable impact for its clients. The company’s unique edge lies in creating custom Large Language Models (LLMs) for each health system, boosting accuracy and efficiency in critical areas like prior authorization and clinical coding.

Supported by significant investment from reputable firms like Andreessen Horowitz and BOND, AKASA has secured over $200M in funding, including a recent $120M Series C round. With its strategic approach and substantial backing, AKASA is poised to revolutionize the financial complexities in healthcare.

Taxonomy: Generative AI Solutions, Healthcare Revenue Cycle, Revenue Cycle Management, Large Language Models, Healthcare Finance, Prior Authorization, Inpatient Coding, Clinical Denials Appeals, Clinical Documentation Improvement, Workflow Modernization, Healthcare Operations, Medical Billing, Revenue Cycle Automation

Services & Products

Generative AI platform
Revenue cycle transformation
Prebill optimization
Coding and CDI optimization
AI advisor for revenue cycle
Authorization and claim status automation

Target Customers

Health systems Hospitals Outpatient facilities Revenue cycle staff Healthcare financial executives

Funding Rounds & Investors (5)

View All
Funding Stage Amount Investors Lead Investors Date
Series C •••••• - 18 Jun 2024
Series B •••••• 3
Investor Investor Investor
23 Mar 2021
Series A •••••• 2
Investor Investor
10 Jun 2020
Series A •••••• 1
Investor
26 Nov 2019
Seed Round •••••• 4
Investor Investor Investor Investor
01 Jan 2019

AKASA Alternatives & Competitors

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FAQ About AKASA

AKASA is the leading provider of generative AI solutions for the healthcare revenue cycle.
AKASA was founded in 2019.
AKASA is headquartered in South San Francisco, United States.
AKASA operates in the following industries: AI, Health Care, Machine Learning.
AKASA has approximately 223 employees.
AKASA has completed 5 funding rounds, raising a total of $205.00M. The latest funding stage is Series C.
AKASA offers: Generative AI platform, Revenue cycle transformation, Prebill optimization, Coding and CDI optimization, AI advisor for revenue cycle, Authorization and claim status automation.
Top alternatives and competitors to AKASA include Margin Recovery International, LLC, Ovation Healthcare, Switch RCM, Parallon, Peak Health Solutions, LLC.. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
AKASA and Margin Recovery International, LLC are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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