
Acustream
Healthcare it company offering web-based solutions that enable users to get patient charge data for revenue recapturing.
Date | Investors | Amount | Round |
---|---|---|---|
N/A | €0.0 | round | |
N/A | Acquisition | ||
Total Funding | 000k |
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AcuStream operates as a specialized revenue assurance company within the healthcare sector, focusing on automated charge capture and auditing. The company was founded in 2007 by Russ Curran. It primarily serves prominent healthcare providers, including academic medical centers, large integrated health systems, and major physician group practices across the United States. Its business model centers on identifying and recovering missed revenue for these organizations.
The company's core technology, REVBUILDER™, is an automated, post-billing auditing solution that uses proprietary algorithms and client-specific rules to reconcile patient data and identify omitted charges. Complementing this is REVREVIEW™, a service where auditors validate these identified charges against the client's Electronic Medical Record (EMR) documentation and payer contracts. This dual approach allows AcuStream to correlate both hospital and physician data to uncover lost revenue from missed, miscoded, or misplaced charges.
By processing data for over 100,000 doctors monthly, AcuStream provides its clients with a direct financial uplift and actionable insights into departmental efficiencies and revenue management processes. The firm received $1.98M in a seed funding round on September 30, 2013, led by Iron Gate Capital. Reports indicate the company was eventually acqui-hired and is now considered deadpooled.
Keywords: revenue assurance, healthcare finance, charge capture, medical billing audit, revenue cycle management, healthcare RCM, physician billing, hospital revenue, missed charges, medical coding, REVBUILDER, REVREVIEW, healthcare financial services, EMR auditing, payer contract validation, claims reconciliation, net profit improvement, revenue erosion