Knowtion Health Acquires Amplus and Announces Goal of Developing the Most Broadly Used, On-Shore, RCM Low Balance Recovery Offering
Knowtion Health, formerly RSource Healthcare, and Amplus announced that Knowtion Health has acquired Amplus, a healthcare revenue cycle A/R resolution and technology service. The acquisition of this stellar team of engineers, patient representatives, and billers will accelerate Knowtion’s plan to expand low balance recovery technologies to reach Knowtion’s scalability goals. The two companies will leverage and combine their vast revenue cycle management (RCM) capabilities to fuel growth in the healthcare sector.
“There are low balance recovery solutions in the market, but they don’t move the needle on accounts receivable or reduce bad debt enough to be impactful, let alone address all the stages of a claim cycle,” said Jayson Yardley, CEO of Knowtion Health. “Through our combined technologies and low balance claim experts, we can bring a new recipe to claims resolution never before available at this level. With the use of machine learning data patterns, we’ll provide claims knowledge that brings innovative change-of-behavior ideas, meaningful feedback, reimbursement trends, and denial information for health system business offices that want to drive better outcomes in the often-neglected low balance A/R inventories.”
“Amplus is thrilled to join Team Knowtion Health,” said Satchel Kiefer, Managing Director and CEO of Amplus. “Our team is passionate about technology and supporting accounts receivables at health systems throughout the U.S., and it is an honor to bring our combined solutions to hundreds more health systems each day.”
“As a part of Knowtion Health, the Amplus team will provide important contributions to Knowtion’s 90-day plans to proactively identify, address and enhance capabilities of the low balance program,” Yardley said. “The teams will work together to leverage our broad and complementary solutions to determine a future-stage, low balance offering. There is an immense opportunity to provide better predictors of revenue and how to accelerate it. We can do these using our analytical technologies to drive cleaner A/R and intelligently prioritize accounts to optimize cash and reallocate resources to higher yield activities.”
For the past five years Amplus has utilized the latest in machine learning and automation to support accounts receivable (A/R) for health system revenue cycles. “Their stellar reputation and depth of expertise will further expand Knowtion’s team and geographical footprint,” Yardley said. “Together we’ll serve more health systems and patients with solutions to automate and reduce A/R, resolve denied and complex claims, recover low balance accounts and defend health systems against payer audits to improve reimbursements.”
“Knowtion Health and Amplus, both recently ranking as an Inc 5000 fastest-growing company, will continue to retain their aligned values and heritage, while evolving to reflect the modern, technology-enabled presence of our revenue cycle solutions,” Yardley said. “Our recent brand change in June 2022 was spurred from the idea we call, The Claims Game,” Yardley continued. “In a world where the balance of power has always favored the payers and the rules of determining coverage and the processing of hospital claims have grown complex, too many healthcare providers and their patients have been stuck in a claims game they just can’t win. We’ve found a way to give hospitals and their patients more control over their destiny and get the revenue they are owed. Combining our team with Amplus expands our company’s mission to provide more smarts, more tech, and more passion.”
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