Hayes, makers of integrated compliance and revenue integrity platform for the nation’s premier healthcare organizations, announced that it has entered a strategic partnership with ThoughtSpot, the leader in search and AI-driven analytics, to develop solutions that empower healthcare organizations to proactively manage and mitigate revenue and compliance risks.
Hayes’ flagship revenue integrity software platform, MDaudit Enterprise, is a powerful, cloud-based risk monitoring solution used by the nation’s foremost academic medical centers, hospitals and physician groups.
MDaudit is an enterprise-class platform that enables organizations to efficiently monitor medical claims for billing and coding accuracy, ensuring compliance with government and commercial payer requirements and maximizing the attainable level of revenue.
The platform accelerates productivity for revenue cycle and compliance professionals by providing workflow automation, risk monitoring, built-in analytics and benchmarking capabilities – all in a single, integrated platform. In the market since 2003, MDaudit is currently used to audit one in eight providers in the U.S.
The partnership will focus on integrating healthcare billing, compliance and revenue integrity domain expertise from Hayes and ThoughtSpot’s search and AI-powered platform into a single, comprehensive enterprise solution.
“In this data driven era, leading healthcare organizations want forward-looking insights and indicators that help them effectively manage revenue and compliance risks. Our MDaudit Enterprise platform lets our customers automate their auditing processes, resulting in optimized coding and billing practices that retain more revenue. Collaborating with ThoughtSpot expands our current analytics capabilities to deliver best in class Natural Language Processing and AI-driven business insights that can dramatically accelerate productivity and optimize revenue capture,” said Ritesh Ramesh, chief technology officer for Hayes.
“We are delighted to be partnering with Hayes to develop innovative AI-driven tools that will enable healthcare compliance and finance executives to identify and mitigate their revenue risk,” added Toni Adams, vice president of alliances and partners, ThoughtSpot. “Adding augmented intelligence capabilities to the MDaudit Enterprise platform will deliver even more value to healthcare organizations looking to protect their revenue stream.”