MedTech Visionaries Awards have concluded their 2nd Annual program to provide recognition and increased visibility to a sector that continues to make a positive impact in how we view our world and interact with it. The event is hosted by the creative strategist people at Light4Soul and was sponsored by Boost Awards. This year’s awards saw entries from around the world who have set the standard for innovation and creativity in the MedTech field. Based on the pool of entries the MVA’s judges selected AKASA as the 2021 winner of the Best Apps & Software for Automated Healthcare RCM.
AKASA’s mission is to remedy the financial complexity crippling healthcare in America through unified automation. They believe every dollar spent on healthcare matters, because healthcare matters to everyone.
“We believe complexity in medical billing and reimbursement in the United States drives up hidden costs that we all pay, both in terms of dollars and in the erosion of trust people have that our healthcare system will serve them well. We believe that by bringing together the best of people, data, and technology to address financial complexity in our healthcare system, AKASA serves as a powerful force for restoring trust to healthcare in the US. The AKASA team came together to solve the financial failures that are bankrupting providers and patients across the United States to solve the real challenges of healthcare revenue cycle management.”
The judges were also impressed with AKASA’s team with their outstanding experience, from the bottom up including the co-Founder and CTO Varun Ganapathi. Ganapathi holds a BS in physics, an MS in computer science, and a PhD in artificial intelligence, all from Stanford. Ganapathi has successfully started two previous AI companies which were acquired by Google and Udacity. Ganapathi is also a member of the Forbes Technology Council. When developing automation tools, most engineers focus on the 95% — the common cases most likely to occur. They rarely design for the edge case or outlier. “This may seem to make statistical sense, but that’s typically where automation fails. Due to the highly dynamic nature of healthcare, our industry has an exceptionally high rate of outliers. Ganapathi and AKASA’s other founders set out to develop our solution by evaluating modern automation approaches from some of the most complex industries in the world (such as self-driving cars), and then derived core principles — like the best ways to monitor existing workflows, learn from workflows at scale and quickly adapt to change. The team then built proprietary technology from the ground up to apply these core principles to the unique challenges of healthcare revenue cycle management.”
About MedTech Visionaries Awards: Now in its 2nd year, the MedTech Visionaries Awards highlights the advancements and accomplishments of those in this industry who are disrupting the status quo. It is our mission to humanize the people behind this new frontier that takes ideas and makes them into reality.
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