Health System Applications

Health System Applications develops software that automates healthcare payment audits and streamlines electronic health record data extraction for healthcare providers, enhancing revenue cycle management efficiency. Health System Applications specializes in providing solutions that address the complexities of healthcare payment audits. The company is headquartered in Birmingham, US. It has secured a total of USD 0.

15 mn in funding through a SEED round led by Jumpstart Health Investors, with its most recent investment occurring on November 20, 2020. The CEO of the company is Kevin Lasser. RevKeep Software offers a comprehensive solution primarily focused on automating healthcare payment audits and extracting electronic health records (EHR) data. The core product effectively addresses challenges faced by revenue cycle management (RCM) teams, specifically in managing Recovery Audit Contractor (RAC) and private payor audits.

By streamlining processes, RevKeep facilitates timely responses to audit requests, ensuring that healthcare providers can access patient records quickly and retain more revenue. The software integrates seamlessly with hospital EHR systems, enhancing data retrieval and case strengthening, thus reducing the operational burdens typically associated with manual auditing processes. RevKeep's client base includes ambulatory service centers, home healthcare providers, hospitals, healthcare systems, physician practices, and legal entities, primarily in the United States. RevKeep operates on a subscription-based model, allowing clients to access its audit software and associated services through various pricing plans tailored to meet the needs of different healthcare providers.

Transactions typically involve annual or monthly subscriptions, granting users access to software features, including customizable dashboards for tracking audits and data requests. The company’s flagship offerings include tools designed for automating time-sensitive audit responses, enhancing operational efficiency and revenue recovery. Given the critical nature of these services, clients benefit from ongoing support throughout the subscription lifecycle, which may include onboarding and optimization assistance. Specific pricing structures for individual products or services have not been disclosed; however, clients engage with RevKeep to secure a streamlined approach to managing their audit processes and protecting their revenue.

Health System Applications aims to leverage its recent funding of USD 0. 15 mn to further develop its software capabilities, focusing on new product features designed to enhance the user experience. The company is also exploring opportunities for expansion into new markets, particularly targeting larger healthcare systems across the US by 2023. This strategic growth plan is supported by the insights gained from their latest funding, which will be allocated to product development and market outreach.