From RCM Solutions Survey, Black Book Research, 2024
BOCA
RATON, Fla., July 9, 2024
/PRNewswire/ -- For the fourth consecutive year, Knowtion Health, a
leader in helping healthcare providers increase hospital revenue
with insurance claim resolution and recovery services, supported by
AI enabled technologies, announced today its No.1 national
ranking in Revenue Recovery and Accounts Receivable Solutions
in the 2024 Black Book Research survey. The rating is based on
a series of satisfaction surveys of more than 6,700 CFOs, vice
presidents of finance and revenue cycle management, and business
office managers for hospitals, health systems, and physician
practices.
Leaders evaluated vendors across 18 key performance
indicators—from clinical appeals and denial management to revenue
cycle technology and other outsourcing categories—to determine the
top-performing vendors. Knowtion Health was chosen based on surveys
of healthcare executives and front-line users, including Knowtion
Health clients, who rated vendors' operational excellence.
"This is outstanding recognition for the Knowtion Health team
and reflects our team's deep expertise in denials resolution and
recovery," said Jayson Yardley, CEO
of Knowtion Health. "Today, nearly 1 in 5 revenue cycle leaders
believe their organization's denials management processes are not
very effective according to our recent denials market
study. We're proud that Black Book Research and those surveyed
have recognized our ability to help hospitals strengthen cash flow
and operating performance for the fourth consecutive year. We're
also dedicated to providing solutions and support that best meet
the needs of healthcare organizations in a rapidly changing
environment."
"As healthcare financial and RCM technology standards
continuously evolve, the 2024 survey results demonstrate increased
need for solutions that ensure financial stability," said Black
Book's President Doug Brown. It's a
finding backed by the results of Knowtion Health's market
study where 78% of hospital CFOs and revenue cycle leaders
surveyed believe hitting cash and cash flow targets will be even
more important to their organization over the next three years.
Knowtion Health serves more than 500 hospitals nationwide and
manages over $4.6 billion annually in
outstanding balance accounts for clients. "At Knowtion Health,
we're dedicated to tipping the balance of power in denials
management back to the hospitals and health systems," Yardley said.
"This prestigious award reflects our promise to every client:
'You've Got This Now.' We look forward to continuing to help
providers level the playing field in insurance claim downgrades,
delays, and denials."
About Knowtion Health
In a world where the
balance of power and complexity in insurance denials favor payers,
Knowtion Health delivers claim experts equipped with AI enabled
technologies to help healthcare providers resolve insurance claims
and recover low balance accounts to increase their revenue and
optimize patient experience amid workforce shortages. Knowtion
Health is backed by Sunstone Partners, a growth-oriented private
equity firm that invests in AI- and Technology-enabled services and
software companies. KnowtionHealth.com - You've Got This
Now.
About Black Book Research
Black Book, an independent research organization that does not
accept vendor fees, conducts polls and surveys with healthcare
executives and frontline users about their current technology and
service partners. Based on these surveys, Black Book recognizes
top-performing vendors by evaluating their performance across
eighteen RCM-focused indicators of client experience, loyalty, and
customer satisfaction.
Contact: Christine
Hanson-Ehlinger, Knowtion Health Marketing, 561-440-1731,
380131@email4pr.com
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SOURCE Knowtion Health