Kovo HealthTech Launches Next Generation OneRev Billing-as-a-Service Platform
Cloud-powered new software upgrade allows custom larger-client system integration
Reduces back-office team staffing requirements by up to 60%
Vancouver, British Columbia--(Newsfile Corp. - February 22, 2022) - Kovo HealthTech Corporation (TSXV: KOVO) (the "Company" "Kovo") — a leader in healthcare Billing-as-a-Service ("BAAS") — has launched the next generation of its OneRev technology platform, which streamlines the complex process of US healthcare billing for clinics, hospitals and physicians.
Kovo CEO Greg Noble confirmed that, after a two-year development process, the Company launched its upgraded OneRev platform to several of its larger healthcare Billing-as-a-Service clients in mid-February 2022. The Company expects to upgrade the majority of its 1700+ healthcare clients onto the new cloud-powered service over the next few months.
Boosting back-office efficiencies by up to 60%
"Kovo has been beta testing the newest version of our OneRev service with several client partners for the past few months and launching the updated platform this month is a critical milestone in our long-term growth plan," explains Noble. "OneRev is a key competitive advantage for Kovo and powers our industry-leading sub 30 days cash conversion cycle on medical billing reimbursement," he explains.
Noble says the new OneRev API provides the Fintech-level sophistication and configurability required by larger US medical billing clients as the digital acceleration of US healthcare billing continues to evolve. He anticipates that Kovo and its customers will benefit from up to 60% reduction in back-office staffing requirements as a result of the upgrade.
About Kovo HealthTech Corporation
Kovo HealthTech Corporation is a growing healthcare technology company that specializes in Billing-as-a-Service offering SaaS-style recurring revenue contracts and software for more than 1700 US healthcare providers. Kovo helps healthcare providers digitally track and manage complex patient care registration, services, billing and payments in a seamless way, using its industry-leading OneRev technology platform. Currently, through its clients, Kovo processes billing transactions for more than 3.5 million patients. By offering effective billing practices and technology through long-term SaaS-style contracts, Kovo helps healthcare practitioners get paid so they can focus on offering quality care. The Company posted 94% year-over-year revenue growth in the quarter ending September 30, 2021. To learn more about Kovo and to keep up-to-date on Kovo news, visit www.kovo.co
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Greg Noble, CEO
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