- WELL Health Technologies’ (TSX:WELL) subsidiary, CRH Medical Corp. is modernizing its billing and back-office processes
- As part of a digitizing process, CRH Medical has made an investment in Graphium Health, an Electronic Medical Records company focused on anesthesia practices
- CRH has demonstrated that it improved its time to capture billable charges by 58 per cent or 5.6 days and reduced its overall accounts receivable balance at the pilot project sites by 24 per cent
- WELL Health Technologies Corp. opened trading at C$4.81 per share
WELL Health Technologies’ (TSX:WELL) subsidiary, CRH Medical Corp. is modernizing its billing and back-office processes.
As part of a digitizing process, CRH Medical has made an investment in Graphium Health, an Electronic Medical Records company focused on anesthesia practices.
Based on a recent pilot project with Graphium Health, CRH has demonstrated that it improved its time to capture billable charges by 58 per cent or 5.6 days and reduced its overall accounts receivable balance at the pilot project sites by 24 per cent.
CRH has made several advancements to digitize its business since its acquisition by WELL more than two years ago, resulting in noticeable business improvements including improved insurance and patient accounts receivable recovery, enhanced denial management performance, and expedited charge capture reconciliation.
CRH’s CEO, Jay Kreger said in a news release that by harnessing the power of artificial intelligence, process automation, and data analytics, his team is empowered to deliver more accurate billing information, expedite charge capture reconciliation, and drive improved collections.
“This investment reinforces our dedication to digitization and innovation in healthcare technology,” Kreger said.
WELL Health Technologies is a practitioner-focused digital health care company active in Canada and the United States.
WELL Health Technologies Corp. opened trading at C$4.81 per share.
Join the discussion: Find out what everybody’s saying about this stock on the WELL Health Technologies Bullboard, and check out the rest of Stockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
