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Ankit Sharma joins Kodiak Solutions as first Chief Technology Officer
Sharma brings deep experience leading development teams for revenue cycle management platforms as Kodiak continues to innovate and grow
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Kodiak's products achieve AICPA's SOC certifications
Compliance achievement underscores the company’s commitment to data protection measures for our customer data.
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Healthcare providers facing stiff headwinds on revenue cycle performance
Revenue cycle leaders need creative, data-driven solutions to counteract lower payment rates by patients and higher denial rates from payors as trends from 2024 expected to continue.
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Kodiak promotes Eric Busch to lead finance and reimbursement team
Kodiak Solutions has promoted Eric Busch to lead its finance and reimbursement business unit. Busch, a senior vice president, takes over leadership of the unit from Derek Bang.
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Healthcare finance leader Michael Coggin joins Kodiak Solutions board
INDIANAPOLIS—(January 15, 2025)—Former Lifepoint Health CFO Michael S. Coggin has joined the board of Kodiak Solutions, the company announced.
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Kodiak Solutions and Cyber Security Solutions
Kodiak Solutions bolsters cybersecurity risk assessment and incident response in new relationship with Cyber Security Solutions.
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Generative AI, Cybersecurity Among Top Risks for Healthcare
Overseeing the use of generative artificial intelligence, enhancing cybersecurity and ensuring compliance with a host of federal healthcare regulations headline the Top Risks health systems face in 2025, according to an annual study by Kodiak Solutions.
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Kodiak Solutions selected for IHA Endorsed Business Partner Program
IHA members gain preferred access to Kodiak Solutions’ technology and tech-enabled services for measuring and managing finance department performance.
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Medicare Advantage Plans vs Traditional Medicare data analysis
Observation rates for MA beneficiaries in 2024 remain elevated despite a federal regulation that went into effect in January requiring MA plans to cover the same services as traditional Medicare
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Final Denial Rate for Inpatient Claims Over 50% more in 2023
Hospitals are seeing a sharp increase in the value of claims that insurers are refusing to pay even after appeals, according to data collected by Kodiak Solutions.
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Cyberattack costs hospitals $2 billion a week in cash flow
The cash flow impact of a recent cyberattack on a healthcare claims processor is illustrated by Kodiak RCA data.
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Kodiak Solutions Presents 2023 Revenue Cycle Performance Awards
Six health systems receive awards during 2024 Kodiak Solutions Healthcare Virtual Symposium
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Media coverage
Patient Collection Rates Declined in 2024
The collection rate from commercially insured patients dropped 3 percentage points between 2023 and 2024, according to recent findings.
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Patient collection rate falls by over 3 percentage points
Patient collection rates for commercially insured patients fell in 2024, worsening revenue cycle challenges and requiring providers to adapt their tech and data-driven strategies.
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The headwinds revenue cycle leaders are facing in 2025
Healthcare revenue cycle leaders are facing three headwinds "whipped up" by payers' claims-paying behaviors, according to a Feb. 27 report from Kodiak Solutions.
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Revenue cycle challenged by low collection rates
Providers have partially offset a lower patient collection rate by improving POS collections and collection on bad debt.
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Plummeting patient collection rates
For community hospitals, it’s a sign of the need for a different approach to patient financial communication and payment — one that meets patients where they are and protects their dignity while avoiding undue stress on the organization’s bottom line.
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Michael Coggin, Board member at Kodiak Solutions
Michael S. Coggin has joined the board of Kodiak Solutions. Coggin is a deeply experienced financial leader for healthcare provider organizations. Most recently, Coggin served as CFO of Lifepoint Health and previously served as Lifepoint’s SVP and chief accounting officer. “Mike brings an invaluable mix of perspectives to the Kodiak board,” Kodiak Founder and CEO Derek Bang said. “Over his career, he has encountered just about every challenge a healthcare finance leader can face."
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Generative AI and cybersecurity are top risks for healthcare in 2025
Overseeing the use of generative artificial intelligence (AI), enhancing cybersecurity and ensuring compliance with a host of federal healthcare regulations are some of the top risks health systems face in 2025.
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Some payers are 'hitting the snooze button' on 2-midnight rule: Report
Our analysis of hospital claims data suggests that payers are "continuing to apply their own criteria"
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Impacts of delayed payments after No Surprises Act rulings
Discover the impact on hospitals of payors delaying reimbursements after a No Surprises Act dependent dispute resolution (IDR) ruling.
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Hospital lobbyists leveraging revenue cycle data
Access to revenue cycle data streams makes the difference for hospital lobbyists petitioning Washington on healthcare policy.
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Provider surveys, vendor benchmarking, rising claims denials
Recent survey and system data are again suggesting that payers’ increasing claims denials are a pain point for healthcare providers.
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Why Hospitals Now Require Patients to Prepay for Treatment
More hospitals and surgery centers are calling for patients to pay their full deductible before treatment begins. Wall Street Journal reporter Melanie Evans joins host J.R. Whalen to discuss questions you should ask as well as financial aid programs available.
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Payers increasingly using information requests to deny care: Report
Payers are delaying billions of dollars in payments by increasingly using requests for more information to initially deny claims from health systems.
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Report: Payer requests for information are slowing reimbursement
Payers are increasingly rejecting claims through requests for informatio that serve no purpose other than to delay reimbursement.
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Claim denials becoming more of a headache for providers: report
Insurance claim denials continue to be a vexing problem for healthcare providers, forcing them to expend more resources to reverse payers' decisions.
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