TPC Selects SHOAR Health & Automation Anywhere to Create AI-Enabled Revenue Cycles for Hospitals
Wednesday, October 19th, 2022
The TPC has selected Windham Brannon’s subsidiary SHOAR Health (SHOAR) & Automation Anywhere (AA) as revenue cycle partners for their master contract with hospitals in Texas, Missouri, Colorado and Arkansas. This work will build AI-enabled revenue cycle solutions for hospitals looking to optimize revenue and prevent leakage.
To manage shrinking margins and return to pre-pandemic financial levels, hospitals and healthcare systems will need to make “transformational changes to their business model,” according to a Fitch report.
“This transformational work is critical for hospitals to remain independent and will certainly take their operations to the next level to do what it takes to not only remain functional, but healthy. Taking care of a hospital’s financial and operational side is key to keeping the doors open and serving communities,” SHOAR Founder and Windham Brannon Principal Valerie Barckhoff said.
SHOAR and AA combined forces to provide that transformational change to the hospital revenue cycle. SHOAR’s team of healthcare advisors will design strategy and use cases while AA builds and deploys bots into production for these hospitals under contract to ultimately solve revenue cycle issues and provide testing and monitoring once systems are set up.
“The A360 Platform is a simple, scalable solution for creating automations. This partnership will serve as a blueprint for building a digital workforce in community hospitals across the country, helping to solve the staffing crisis they are currently facing," Dan Kenneally, Automation Anywhere vice president of US healthcare said.
“TPC Members have a long history of working together to improve their revenue cycle operations and have been extremely involved in exploring the opportunity to enable automation within their processes. The Members selected this partnership to provide custom automation that is built to work in their environments and with their unique workflows,” Cody Waldrop, TPC vice president of revenue cycle said.