Ensemble Health Partners (Ensemble), the market leader in end-to-end revenue cycle outsourcing for mid-sized to large healthcare organizations, announced today the United States Patent and Trademark Office has granted Ensemble its tenth patent for its latest innovative technology to drive frictionless revenue cycle operations.
Editor's Note: This article originally appeared on Ensemble Health Partners' website.
The latest patented technology, named Next Best Action, predicts, optimizes and automates the next action in a healthcare claim workflow.
“This is a huge step forward in revenue cycle automation and efficiency,” said Pieter Schouten, Chief Innovation Officer at Ensemble. “Our proprietary Next Best Action technology simplifies processes by integrating payor adjudication responses into provider workflow to ensure that accounts are resolved quickly and accurately. We’re excited about the potential impact this innovation will have on providers’ bottom line.”
Ensemble was awarded its first of ten U.S. patents for innovative process automation and data exchange capabilities in early 2021 and currently has five additional patents pending for technological advancements in EIQ®, Ensemble’s revenue cycle intelligence engine, and the use of Generative AI in revenue cycle. The firm has invested more than $100 million and 2 million development hours over the past decade to build and refine EIQ to help eliminate barriers preventing fast, accurate payment for healthcare organizations. EIQ transforms data from billions of transactions into actionable insights, automating workflows and guiding operator actions in various systems to expedite the payment process.
“Ensemble’s approach to innovation involves pairing expert operators with engineers and data scientists to codify best practices, fine-tune models, rapidly test new capabilities like generative AI and seamlessly infuse enhancements directly into operator workflows,” said Judson Ivy, Founder, President and CEO of Ensemble. “This latest innovation is another example of how we’re putting that approach into action to drive financial performance improvement for hospitals and health systems. We’re customizing our technology to the needs of unique healthcare providers so they can elevate the quality of every patient interaction and maximize the value of every operational transaction.” Click here to continue>>
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