June 12, 2024

Staying ahead of a constantly evolving industry like healthcare requires the latest knowledge and solutions, including transformative healthcare net revenue analytics. In comes RCA Next, the ground-up redesign of the Kodiak Revenue Cycle Analytics net revenue reporting solution.
In this article, find out what’s new with the RCA Next tool, including new features and functionalities, migration updates, and information about newly redesigned education and training opportunities. In addition, see how RCA Next, especially when used with other innovative solutions, can propel net revenue improvement throughout your entire organization.
RCA Next will begin rolling out this year for existing users and new customers of the Kodiak RCA solution. The redesigned solution offers users new features – including automations and enhanced reporting and analytics – aimed at improving performance and simplifying users’ experience.
The conversion to RCA Next is multipronged, including an initial assessment conducted with Kodiak’s specialists and then four main steps: pricing and scoping discussions, contract (software as a service) updates, file specification conversion, and parallel testing and training. At the time of this writing, approximately 38% of Kodiak RCA customers have converted or are in the process of converting their files to RCA Next file specifications, and 75% have begun discussions with Kodiak specialists regarding their migration to RCA Next.
Everything available in RCA is now available in RCA Next, and new features designed to further increase precision in reserve modeling and enhance the efficiency of month-end close are being added frequently. Some of the latest features and ongoing deployments include:
To help make the transition to RCA Next as seamless as possible, Kodiak’s specialists have redesigned education and training to help you and your team adopt the product and get the most out of all the features RCA Next has to offer. The revamped educational program has three components:
RCA Next users also have access to additional supporting education, including:
The combination of training opportunities and supporting educational resources has been designed to set up RCA Next users for success. Educational resources are housed at https://academy.kodiaksolutions.io (please note the new URL, which RCA Next users will want to bookmark for easy access).
When it comes to improving net revenue, RCA Next is just the beginning. Several other innovative solutions leverage RCA Next’s data and net revenue reporting features to create a ripple effect of net revenue improvement across an organization. When combining RCA Next with these other solutions and services, net revenue teams can streamline their financial processes, allowing users to spend more time on value-added activities.
The goal for successful organizations today should be not just accurate reporting but overall improvement in their net revenue.
Are you ready to learn more or make the migration to RCA Next? Spots for making the conversion to RCA Next in 2024 are filling up fast. To continue the conversation and get started, contact Kodiak’s specialists today.
¹Computerized theme and machine learning technology as detailed in U.S. patent No. 11,062,214.
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