Press Releases

AGS Health Recertified by KLAS Research, Censinet for Cybersecurity Transparent Designation

Posted in Press Releases on Thursday, March 30, 2023.

WASHINGTON, D.C. – March 29, 2023 – AGS Health, a leading provider of tech-enabled revenue cycle management (RCM) solutions and strategic growth partner to healthcare providers across the U.S., has earned recertification of its KLAS Cybersecurity Transparent designation. It was one of 25 healthcare vendors to achieve or sustain their designation, which AGS originally earned in 2022 after completing a voluntary risk assessment process and program from Censinet and KLAS Research.

AGS Health Announces Expansion into the Philippines

Posted in Press Releases on Tuesday, March 07, 2023.

WASHINGTON, D.C. – March 7, 2023 – Revenue cycle management solutions leader AGS Health is pleased to announce the launch of operations in Manilla, Philippines. Serving as a strategic growth partner to more than 100 major healthcare providers across the U.S., the expansion will offer AGS Health and its customers increased access to global talent.

Identified as one of the most popular outsourcing destinations in the world, the Philippines is known for the quality of skills offered in the business process outsourcing (BPO) sector. With strong medical backgrounds and voice-based skills, AGS Health aims to focus on supporting end-to-end accounts receivable services. “By augmenting our service line with patient calls, responding to patient queries, and timely patient follow-ups, the addition of our Philippines operations represents an exciting added value to our customers,” said Patrice Wolfe, CEO of AGS Health.

AGS Acquires Offshore Patient Access BPO Unit from Availity

Posted in Press Releases on Tuesday, February 21, 2023.

WASHINGTON, D.C. – February 21, 2023 – AGS Health, a leading provider for tech-enabled revenue cycle management (RCM) solutions and strategic growth partner to healthcare providers across the U.S., announces the acquisition of the India-based patient access outsourcing business unit of the Florida-based healthcare technology company Availity.

With more than half of U.S. hospitals anticipating a year of negative margins, achieving full and accurate reimbursement for services has never been more critical. With this expansion, AGS Health is positioned to provide faster, more flexible financial clearance solutions at an even greater scale to help increase customers’ first-pass reimbursements rates.

FutureRx Launches Paradigm-Shifting Healthcare Platform for Health Plans and PBMs

Posted in Press Releases on Tuesday, February 21, 2023.

TAMPA, Fla. – February 21, 2023 – FutureRx (FRx) announced today the launch of its first-of-a-kind healthcare platform for health plans and pharmacy benefits managers (PBMs) that combines modular technology solutions and, if needed, seamless access to pre-vetted fully integrated service providers on a single platform. FRx is a cloud-based, modular, user-configurable technology platform that was built from the ground up to meet complex and continuously evolving compliance requirements in today’s Medicare and Medicaid environment. As such, it is 100% compliant with government-sponsored regulations out of the box.

Once on the platform, health plan and PBM users can select from a full range of technology modules – including Rx Prior AuthorizationAppeals/Grievances, Part D Stars, Drug Management Programs (DMP) and more – that are preconfigured out of the box with workflow and letters, and fully integrated with SureScripts and CoverMyMeds, as well as fax, phone, email, and mail capabilities that eliminate costly and time-consuming implementations.

Engage Venture Partners Announces Lead Investment in VOCxi Health

Posted in Press Releases on Thursday, December 22, 2022.

The Minnesota-based medtech venture capital firm marks continued growth of its research-driven model leveraging deep industry expertise and an inclusive investment vehicle.

MINNEAPOLIS, MN. – December 21, 2022 – Engage Venture Partners, a venture capital (VC) firm committed to building a funding community for early-stage medical technology companies and their investors, announces its investment in VOCxi Health. This marks the third investment for Engage since the firm’s launch earlier this year and the first time it has led a funding round.

Engage was founded in July 2022 to provide clients access to extensively vetted investment opportunities in the medical device, digital health, and healthcare software sectors. The firm’s Special Purpose Vehicles (SPVs) allow investors to choose the startups they wish to fund. This flexible, investor-friendly model also has lower fees than traditionally structured venture capital funds

Engage Venture Partners Launches as New Medtech Venture Capital Firm, Announces Initial Investment

Posted in Press Releases on Friday, December 09, 2022.

Founded by a team with proven track records in healthcare, medical devices, investing, and startup operations, the firm’s innovative investment approach leverages industry access and provides a flexible, investor-friendly structure.

MINNEAPOLIS – July 14, 2022 – Engage Venture Partners, a new venture capital (VC) firm focused on medical technology companies, announces its launch and inaugural company investment. Backed by deep technical expertise, extensive due diligence capabilities, and specialized industry knowledge, Engage was established to address the need for a more accessible, lower-friction funding community for seed- and early-growth stage medtech companies and their investors.

Engage also announced its first investment with Minnesota-based medical device manufacturer Melodi Health. Melodi offers surgical solutions to women undergoing breast surgery by developing a novel absorbable scaffold intended to support soft tissue and improve patient outcomes.

MDaudit Annual Benchmark Report Reveals 82% of Claim Denials are Associated with Medicare, Increasing Pressure on Healthcare Organizations to Protect Revenues

Posted in Press Releases on Monday, November 14, 2022.

Declining patient volumes, staffing, and resource shortages, and higher third-party audit demands create an unprecedented threat to revenues.

Wellesley, MA — November 7, 2022 — With 82% of 2022 claims denials associated with Medicare, and third-party audit volume rapidly climbing, hospitals and health systems are under intense pressure to protect and grow revenues. These were among the key findings of the 2022 MDaudit Annual Benchmark Report released today by MDaudit, the healthcare technology company that harnesses the power of analytics and its proven track record to allow the nation’s premier healthcare organizations to retain revenue and reduce risk.

AGS Health Recognized as a Leader in Medical Coding Operations by Everest Group

Posted in Press Releases on Monday, November 14, 2022.

WASHINGTON, D.C. – November 10, 2022 – AGS Health, the tech-enabled revenue cycle management solution provider for major healthcare organizations across the U.S., has been named a Leader in Everest Group’s Medical Coding Operations PEAK Matrix® Assessment 2023. The company, which was recognized in the top quartile of the market, was also recognized by Everest Group earlier this year as a Leader and a Star Performer in the Revenue Cycle Management (RCM) Operations PEAK Matrix Assessment 2022.

MDaudit Launches Revenue Integrity Suite to Proactively Mitigate High-Impact Denial Risk and Prevent Revenue Leakage for Healthcare Organizations

Posted in Press Releases on Thursday, August 25, 2022.

Wellesley, MA — August 25, 2022 — MDaudit, the healthcare technology company that harnesses the power of analytics and its proven track record to allow the nation’s premier healthcare organizations to retain revenue and reduce risk, announced today the launch of MDaudit Revenue Integrity Suite which brings fully integrated risk capabilities and supporting workflows together on a single platform.  The only end-to-end denials analytics technology designed to pre-emptively protect against revenue leakage by identifying and resolving systemic risks based on historical data and applied insights, MDaudit Revenue Integrity Suite proactively addresses the issues that lead to costly inpatient and outpatient claim denials.

Mobile OptiX’s Caregiver Program Benefits from Generous Modern Optical International Eyewear Donation

Posted in Press Releases on Wednesday, May 18, 2022.

TAMPA, Fla. – (May 18, 2022) – The eye health of caregivers is just as important as the patients for whom they care. That is why Mobile OptiX, an innovative startup that’s revolutionizing access to high quality eye care with its state-of-the-art mobile vision practice, launched its Caregiver Program to provide caregivers and their families with low-cost eye examinations and glasses. Now, during Healthy Vision Month, Mobile OptiX is pleased to announce that Modern Optical International is supporting the program’s launch by donating up to 1,000 pairs of its high-quality, fashionable frames.

Hayes Unveils External Audit Workflow to Streamline Third-Party Audit Response Management

Posted in Press Releases on Tuesday, February 08, 2022.

The tool consolidates all external audit management activities into a secure, HIPAA-compliant SaaS-based platform powered by MDaudit Enterprise.

WELLESLEY, Mass. – Feb. 8, 2022 – As payers step up efforts to identify and recoup improper payments, hospitals and health systems require innovative solutions to mitigate the potential threat these reviews pose to the bottom line. To meet this need, Hayes, a leading healthcare technology provider that partners with the nation’s premier healthcare organizations to improve revenue, mitigate risk and reduce operating costs, has launched External Audit Workflow to streamline management of external audit responses.

“The volume of external audits is rising exponentially as the Centers for Medicare and Medicaid Services and other payers search for every dollar they can recover from over-coded or otherwise improperly filed claims,” said Peter Butler, president and CEO, Hayes. “To protect their hard-earned revenues and reputations, healthcare organizations need a strong first line of defense – an external audit management process that is collaborative, efficient, and comprehensive. That is Hayes’ goal with the launch of MDaudit Enterprise External Audit Workflow.”

Mobile OptiX Unveils State-of-the-Art Mobile Vision Care Practice

Posted in Press Releases on Thursday, February 03, 2022.

TAMPA, Fla. – (February 3, 2022) – State-of-the-art eye care delivered to you. Seeking to address the gap in eye care for long-term care (LTC) patients, innovative startup Mobile OptiX is revolutionizing access to quality eye care with its state-of-the-art mobile vision practice. Offering a full spectrum of both optometry and ophthalmology services and treatments throughout Central Florida, Mobile OptiX brings highly qualified eye care professionals directly to the facility, where they leverage the advanced diagnostic technologies within its self-contained mobile clinic to provide quality eye care that helps prevent unnecessary vision loss.

Hayes’ Healthcare Audit and Revenue Integrity Analysis finds COVID-19 Claims and Bundling Errors Driving Denials

Posted in Press Releases on Thursday, October 28, 2021.

Wellesley, MA — October 28, 2021 –– Bundling errors continue to wreak havoc on hospital bottom lines in 2021, causing 34% of inpatient charge denials with an average value of $5,300 each. That’s according to an auditing and revenue integrity report analyzing more than $100 billion worth of denials and $2.5 billion in audited claims released today by Hayes, makers of MDaudit, the industry’s leading integrated auditing, billing compliance and revenue integrity platform for the nation’s premier healthcare organizations.

Healthcare Auditing and Revenue Integrity: 2021 Benchmarking and Trends Report shares the findings of Hayes’ review of professional and hospital claims audited in MDaudit Enterprise during the first 10 months of 2021. Internal auditors identified a significant number of concerns in the claims they reviewed, with approximately 33% of the audits resulting in “disagree” findings. The concerns centered primarily around disagreements between procedure codes and diagnoses.

Harris Healthcare’s Data Integrity Solutions, RightPatient Partnership Closes the Gap on Efficient, Accurate and Secure Patient Identification

Posted in Press Releases on Monday, September 20, 2021.

CENTENNIAL, Colo. – September 20, 2021 – Harris Healthcare’s Data Integrity Solution Business Unit – which includes patient data integrity powerhouses Just Associates, Inc., and QuadraMed® Corporation – have entered a strategic partnership with RightPatient® to integrate biometric patient identification into its existing suite of master patient index (MPI) management solutions. Doing so provides important protections against front-end contamination of the MPI and EMPI and helps eliminate the patient misidentification and safety issues created by “dirty” patient identification data. This is especially important now as spikes in remote patient registrations due to COVID-19 have led to a sharp increase in duplicate patient records.

Hayes Expert Explores the Root Causes of Climbing Claims Denials Rates and Performance Improvement Solutions at AHIMA21

Posted in Press Releases on Monday, September 20, 2021.

Wellesley, MA — September 20, 2021 — Hayes, makers of the industry’s leading integrated auditing, billing compliance and revenue integrity platform for the nation’s premier healthcare organizations, announced today that Vasilios Nassiopoulos, CPC, CCO, will present Leveraging Denial Trends to Identify Risks and Prevent Audits at the AHIMA21 Virtual Conference. The presentation, which explores the catalyst behind rising claims denials and how healthcare organizations can reverse the trend, takes place on Sept. 22 at 11:45 a.m. ET.