Healthcare providers save lives every day, but getting paid for their services is a different challenge. In most industries, payments are straightforward, but healthcare payments are fragmented. Hospitals receive paper checks, virtual cards, electronic transfers, and extensive documentation—Explanation of Benefits (EOBs), remittance advice, and denial notices—filled with complex codes and conditions. Manually sorting through these documents to match payments with patient accounts leads to delays and human error, slowing revenue collection and tying up valuable resources. This is where CereSoft comes in. CereSoft’s AI-powered automation platform simplifies the complex healthcare revenue cycle management (RCM) process by capturing, analyzing, and transforming payment data into clean, digital files. By automating these tasks, hospitals can reduce delays, minimize errors, and free up staff to focus on patient care. “We extract information using intelligent document understanding, convert it into electronic data interchange (EDI) files, and send it directly to providers’ billing systems. This reduces manual labor, simplifies EOB parsing, and creates significant business benefits for banks, providers, and others in the RCM process,” says Dr. H.H. Chen, CEO of CereSoft. Automation That Pays Off Hospitals and healthcare providers access CereSoft’s services through the MedAR portal, a cloud-based system that delivers real-time visibility into payment statuses and reconciliation progress. Each evening, providers send their daily batches of payment documents to CereSoft. By the following morning—typically within a 15-hour turnaround—the processed, digitized data is ready for use. This streamlined workflow enables large hospital groups that process billions of dollars in transactions each year to quickly reconcile incoming funds, close financial cases faster, and reduce errors that could lead to delays or denials. CereSoft’s impact on healthcare finance is significant. Its automation of document handling and reconciliation helps providers reduce administrative labor, improve data accuracy, and accelerate cash flow. Instead of spending hours manually matching payments to patient accounts, managing denials, or sorting through unstructured correspondence, staff can focus on higher-value tasks such as resolving exceptions or improving patient-facing services.

When Workday acquired their procurement startup Scout RFP in 2019, co-founders Alex Yakubovich and Stan Garber thought the hardest part was behind them. Instead, they ran straight into the same friction everyone else experiences. Need a document signed? Delayed. Ordering event materials? Complicated. Adding a new software seat? A bureaucratic maze. These weren’t edge cases—they were everyday headaches. As they spoke with others in the industry, the pattern became clear: procurement pain points weren’t isolated—they were everywhere. So, they set out to fix it. But not by guessing. From day one, they brought strategic procurement and operations leaders into the process—not as testers, but as true partners. These collaborators helped shape the product through ongoing feedback, telemetry insights, and roadmap alignment sessions. One thing quickly became obvious: solving procurement at scale required more than just streamlining—it needed AI. Not as a bolt-on, but at the core. That’s how Levelpath was born—an AI-native platform built from the ground up with a unified data model and deeply embedded intelligence, designed to make procurement faster, smarter, and friction-free—from the first request to final approval. This isn’t AI tacked on as a feature; it powers how the entire system works. Instead of clunky intake forms and manual handoffs, users interact with a smart, conversational interface that guides requests in real time—ensuring accuracy, alignment, and momentum from the start. “We’ve spent years in the procurement space, building the technology behind it. Our goal isn’t just to modernize—it’s to create a foundation that makes procurement faster, more accurate, and fully transparent,” says Alex Yakubovich, CEO. By addressing the most persistent procurement challenges—fragmented intake, low user adoption, slow approval cycles, and siloed collaboration—Levelpath gives teams full visibility and control. The platform eliminates manual work and unifies legal, finance, and procurement through real-time updates, alerts, and audit trails. It automates complex workflows by understanding context and intent, dynamically routing requests, pre-filling data, and predicting next steps based on historical patterns. This eases the burden on users and simplifies tasks like submitting purchase requests or managing vendor onboarding.