AKASA
AI-powered automation for the healthcare revenue cycle
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Company mission
To enable human health by building the future of healthcare with AI.
Employees
201-500
HQ Location
The East Side, South San Francisco, CA
OTTA INSIGHTS
Otta's take on AKASA
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.
Total funding - $85m
Last 2 fundraises
Jun 2020
$20m
SERIES A
Mar 2021
$60m
SERIES B
This company has top investors
Company benefits
- Unlimited paid time off (PTO)
- Expansive coverage for health, dental, and vision
- Employer contribution to Health Savings Accounts (HSA)
- Generous parent leave policy
- Full employee coverage for life insurance
- Company-paid holidays
- 401(K) plan
Company values
- We innovate for impact - These values are the foundation of our culture, shaping the things we do and the decisions we make
- Lead with empathy - We embrace a spirit of generosity, kindness, and inclusivity
- Commit to excellence - We hold ourselves, our work, and our culture to high standards
- Empower yourself & others - We act with autonomy and authenticity, while allowing others to do the same
- Be brave - We shoot for the moon with our ideas and challenge the status quo
- Build trust - We deliver on our promises to each other and our clients
- Play the team - We know that we're better when we work together as one team and support each other
Articles
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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Software Engineering