The investment brings together Huntington’s healthcare banking experience with Veuu’s AI expertise to solve revenue cycle pain points, such as lengthy outstanding accounts receivable, increasing denials, rising labor expenses, costly back-office functions and compliance risks, according to a Sept. 7 Huntington news release.
“For years, we’ve heard from our physician and hospital clients about the difficulties they experience with the revenue cycle and limitations to working capital financing, so we decided to team up with Veuu to develop solutions that address the complex root cause: medical coding errors,” Dan Storer, Huntington’s senior managing director of healthcare banking, said in the release.
Huntington is investing $4.8 million in Veuu, according to Columbus Inno.
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