CHICAGO (June 9, 2020) – 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 Michael Duke, principal with Baker Tilly’s healthcare consulting practice. “Presenting information users need in a way they can readily understand eliminates the time they would otherwise spend hunting through the data to formulate actionable decisions.”
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: bakertilly.com/insights/revenue-cycle-optimization-finding-your-roi.
About Baker Tilly US, LLP (bakertilly.com)
Baker Tilly US, LLP (Baker Tilly) is a leading advisory, tax and assurance firm, providing clients a genuine coast-to-coast and global advantage with critical mass and top-notch talent in major regions of the U.S. and in many of the world’s leading financial centers – New York, London, San Francisco, Los Angeles and Chicago. 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 and a combined worldwide revenue of $3.9 billion. Visit bakertilly.com or join the conversation on LinkedIn, Facebook and Twitter.
Baker Tilly US, 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. Baker Tilly International Limited does not provide services to clients.