Kodiak Solutions is a technology and tech-enabled services company that helps hospitals, health systems, medical practices, and other health care provider organizations automate and elevate the management of their net revenue and monitor their revenue cycle and payor performance.
The software Kodiak uses to automate and elevate your ability to manage your net revenue, revenue cycle and risk profile is called Kodiak Revenue Cycle Analytics, or RCA. Kodiak RCA is the core of the Kodiak platform. The modern, cloud-based platform offers leading-edge features, functionality, security, user experience, and data and reporting.
In addition to its core applications and deliverables, the Kodiak platform boasts complementary solutions and services that enhance RCA's power to transform your net revenue and revenue cycle performance.
Who uses it?
More than 1,900 hospitals and 250,000 physicians across the country, which collectively represent $1.4 trillion in annual gross revenue, already use Kodiak RCA and the Kodiak platform. That impressive roster of users includes more than 15 health systems representing more than 60 hospitals and hundreds of physicians in Indiana.
How does it work?
The Kodiak platform ingests your data electronically from a number of sources, including:
- Patient accounting system
- EDI (835/837)
- General ledger
- Bank
The platform then uses Kodiak RCA, Kodiak's propriety software, to automatically generate standard and custom reports that track your net revenue, revenue cycle, and payor performance in real time. The reports tell your story the way you want it told and when you want to tell it.
What comes with the Kodiak platform?
The core applications and deliverables that come with the Kodiak platform include:
- Ad hoc reporting and dashboards
- Automated close package
- Benchmarking intelligence
- Hindsight analysis
- Monthly reserve analysis
- Physician reporting
- Variance analysis
What complementary solutions and services are available?
Add-on solutions and services to the Kodiak platform include:
- Automated credit, debit, and no-value account resolution
- Automated three-way cash reconciliation
- Automated unapplied cash reconciliation
- Certified remote assistance
- Denials and underpayments scoring and reporting
- Inpatient and outpatient charge capture
- Medicare bad debt prospective filings, retrospective review, and audit support
- Payor Market Intelligence & payor benchmarking
- Revenue cycle KPI assessments and vendor monitoring
- Unclaimed property compliance and asset recovery services
Users can add on these optional solutions and services to your customized Kodiak platform individually or in service bundles to meet your specific needs.
Where is the ROI?
Kodiak RCA and the Kodiak platform are business analytics and intelligence tools that unlock actionable insights. Users convert those data-driven, actionable insights into better revenue cycle results, higher net revenue, and lower costs of doing both through automation. Users generate a return on their investment in Kodiak RCA and the Kodiak platform of between six and thirty-six times, depending on their mix of core and add-on solutions and services.
To learn more about how your healthcare organization can use Kodiak RCA and the Kodiak platform to automate net revenue and revenue cycle management and reporting, contact
Kodiak Solutions today.
Kodiak Solutions is an Indiana-based company.
Read more about Kodiak's Indiana roots.
Revenue Cycle Analytics (RCA) Community, Powered by the Kodiak Platform:
