Leading advisory, tax and assurance firm Baker Tilly Virchow Krause, LLP (Baker Tilly), and Automated Insights, a Stats Perform company and the leading natural language generation (NLG) provider, have partnered to provide healthcare organizations with advanced NLG insights to power revenue cycle analytics.
Through the partnership, Baker Tilly’s Advanced Revenue Cycle (ARC) programs including ARC Evaluate, ARC Protect and ARC Scan will utilize Automated Insights’ Wordsmith platform to automate written insights that note key trends in data. The combination allows hospitals and health systems to quickly impact their revenue through missed reimbursements, incorrect coding and human error mitigation.
“Using the Wordsmith application’s natural language generation in our analytic delivery allows us to translate complex data into actionable information for healthcare revenue cycle users to quickly put to work, without requiring rigorous analytics training,” said Mike Duke, principal with Baker Tilly’s healthcare consulting practice. “Serving up the information users need in a way they can readily understand eliminates the time they would otherwise spend hunting through the data to find it.”
Baker Tilly’s ARC programs drive incremental value and lasting change through action-oriented information and reporting capabilities, real-time visibility into revenue cycle team performance, and monitoring-of-change impact to allow for continuous improvement.
“The power of this combination of Wordsmith and Baker Tilly’s analytics is what Automated Insights is focused on everyday – bringing analytics to life to help organizations make data-driven decisions quickly,” said Nick Nelli, senior solutions architect at Automated Insights. “Using our flagship NLG tool, Wordsmith, Baker Tilly users will be able to immediately pinpoint key focus areas in revenue cycle analytics and address them, without the need for in-depth training. This partnership creates a simple to use end-to-end product to improve the important revenue cycles of hospitals and health systems.”
Learn more about how healthcare providers gain value from their revenue cycle analytics with the addition of natural language generation in Baker Tilly and Automated Insights’ joint on-demand webinar: https://www.bakertilly.com/insights/revenue-cycle-optimization-finding-your-roi.
About Baker Tilly Virchow Krause, LLP (bakertilly.com)
Baker Tilly Virchow Krause, LLP (Baker Tilly) is a leading advisory, tax and assurance firm whose specialized professionals guide clients through an ever-changing business world, helping them win now and anticipate tomorrow. Headquartered in Chicago, Baker Tilly, and its affiliated entities, have operations in North America, South America, Europe, Asia and Australia. Baker Tilly is an independent member of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 146 territories, with 36,000 professionals. The combined worldwide revenue of independent member firms is $3.9 billion. Visit bakertilly.com or join the conversation on LinkedIn, Facebook and Twitter.
Baker Tilly Virchow Krause, LLP is a member of the Baker Tilly International network, the members of which are separate and independent legal entities. Baker Tilly refers to the global network of accounting firms of Baker Tilly International Limited. Each member firm is a separate legal entity. Baker Tilly International Limited does not provide services to clients.
About Automated Insights (automatedinsights.com)
Established in 2007 and headquartered in Durham, N.C., Automated Insights is the creator of Wordsmith, the world’s first self-service natural language generation platform for business intelligence. Automated Insights empowers organizations to generate human-sounding narratives from data, making it easy to produce real-time, written analytics, personalized reports, and stories at scale. The Wordsmith platform is utilized by companies such as Allstate, Associated Press, and Cisco to increase organizational data literacy and broaden the adoption of business intelligence software.