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Home » Cedar introduces an AI service for healthcare invoicing.
AI in Finance

Cedar introduces an AI service for healthcare invoicing.

2 Mins Read
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CEDAR Launches Kora: An Innovative AI Vocal Agent for Patient Financial Support

Couple managing bills

Photo: Jose Luis Pelaez Inc./Getty Images

Introducing Kora

The CEDAR patient financial platform has unveiled Kora, a groundbreaking AI vocal agent aimed at automating up to 30% of incoming invoicing calls by the year’s end. This innovative tool leverages existing invoicing data to engage with patients beyond traditional interactive voice systems, providing comprehensive support for billing inquiries.

Intelligent Financial Assistance

Kora is designed to address a wide array of billing questions, offering insights into costs, identifying various payment options, and connecting patients with financial assistance resources. With natural language processing capabilities, Kora can understand and respond to patient queries conversationally, making financial discussions less daunting and more efficient.

Confidentiality and Multilingual Support

Developed with strict adherence to HIPAA guidelines, Kora ensures patient confidentiality and security. It is adept at detecting emotions and responding to tone, offering support in multiple languages. This responsiveness allows Kora to provide real-time assistance while enabling a seamless transition to a live agent if more complex issues arise.

Impact on Healthcare Operations

By utilizing Kora, CEDAR aims to reduce income cycle costs, allowing healthcare staff to focus on more intricate billing challenges. This strategic shift not only minimizes reliance on call center personnel but also addresses pressing issues such as rising labor costs, staff shortages, and the overall enhancement of patient experience.

Collaboration with Twilio

The development of Kora involved a partnership with Twilio’s Conversation Relay Service, which equips developers with the tools to create intuitive AI voice agents. This collaboration enhances Kora’s capabilities by integrating real-time streaming, speech recognition, and dynamic interruption handling.

The Future of AI in Healthcare

The advancements in artificial intelligence are moving towards intelligent-facilitated workflows that allow minimal human intervention in various clinical and administrative tasks. With the evolution of agentic AI, systems like Kora can now make decisions and facilitate interactions, marking a significant leap from traditional generative AI.

Leadership Insights

Florian Otto, CEO and co-founder of Cedar, emphasizes, “After hearing ample promises about AI, we now need to deliver real results.” He highlights that Kora, built on Cedar’s extensive experience in the income cycle and patient billing, prioritizes privacy, empathy, and security. Dr. Yogin Patel, CEO of Apollomd, praised the technology for its tangible impact on support staff efficiency and patient engagement, underscoring Kora’s pivotal role in modern healthcare.

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