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AKASA
AI-powered automation for the healthcare revenue cycle
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To enable human health by building the future of healthcare with AI.
Theo Margolius
COO of Otta
The US healthcare system is financially and operationally complex. This is a costly problem for patients and providers alike, with an estimated $500 billion spent on medical billing and insurance administrative costs in a year. AKASA (formerly known as Alpha Health) offers Unified Automation™ technology that helps automate revenue cycle operations, purpose built to help alleviate this healthcare burden.
AKASA combines the corrective value of human involvement with automated or AI processes. Its machine learning tools are complemented by a team of revenue cycle specialists who handle the edge cases, and teach the algorithm in the process. It’s an exciting, and potentially industry-shaping proposition in spite of its specialist focus. If successful, it could prove a powerful model to adopt in other sectors.
Mar 2021
$60m
SERIES B
Jun 2020
$20m
SERIES A
Total funding
This company has top investors
Founders
Malinka Walaliyadde
(Co-founder & CEO)Previously worked at Andreessen Horowitz (a16z), Counsyl and Corning Life Sciences. They have an engineering degree from Cornell University.
Varun Ganapathi
(Co-founder & CTO)They have successfully started two AI companies prior to AKASA. One was acquired by Google and the other by Udacity.
Andy Atwal
(Co-founder & VP of Engineering)Prior to AKASA, they were the founding software engineer at Counsyl, a health technology company offering DNA screenings for various diseases.
Ben Beadle-Ryby
(Co-founder)Previously, Ben were a partner at Advisory Board, where they oversaw revenue cycle consulting and technology.
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