Advata, the data analytics spinoff from Renton, Wash.-based Providence, has introduced a new revenue cycle management product it says enables providers to improve accounts receivable management.
The software, Advata Smart AR, improves the process by automating processing and advising staff on the next recommended action, according to a Sept. 29 Advata news release.
It combines artificial intelligence and robotic process automation to review accounts receivable tasks and guides teams on future steps, according to the release. In 30 days, the software can analyze an organization's data and determine the combination of bots and tasks to prioritize for staff members to get more cash from accounts receivable.