Advises Dental Practice Owners, Dental Support Organizations, Dentistry Partnership Groups & Private Equity Firms • Artificial Intelligence, Machine Learning & FinTech Innovation for Healthcare Revenue Cycle Management
KeyCorp (NYSE: KEY) today announced a strategic relationship, which includes a minority investment, with Zentist, the leading cloud-based insurance revenue cycle management (RCM) software provider to dental support organizations (DSOs) and their affiliated practices across the United States. KeyBank will introduce Zentist's Remit AI RCM software to its extensive network of DSOs, providing them with access to a transformative tool that enhances their dental revenue cycle operations. Remit AI streamlines dental insurance claims processing with features that include automated explanation of benefits (EOB) parsing and electronic remittance advice (ERA/835) data delivery, automated remittance to bank deposit matching, and intelligent task distribution across both centralized and decentralized DSO structures. The modern dental RCM software also includes specialized predeterminations workflows, real-time claim status updates, and fully customizable advanced RCM analytics dashboards. "KeyBank's commitment to delivering comprehensive financial solutions to DSOs as part of a broader healthcare strategy that involves helping clients with the whole spectrum of payments capabilities and with industry-specific financial services and solutions," said Jon Briggs, Head of KeyBank Commercial Payments and Innovation. "Our strategy aligns perfectly with Zentist's mission to simplify and improve the financial operations of dental groups and practices." "KeyBank is one of the most innovative banks in the country, and we're thrilled to have them as both an investor and a new fintech bank relationship," said Ato Kasymov, CEO & Co-founder of Zentist. "This relationship will allow us to reach a wider audience and help dental groups to optimize their revenue cycles, ultimately leading to better financial health and patient care." KeyCorp's roots trace back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $187 billion at June 30, 2024. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,000 branches and approximately 1,300 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. Contact me to learn more. #healthcare #dentistry #revenuecyclemanagement #fintech #banking #finance #artificialintelligence #technology #innovation
Hayk C.
3mo
AI-driven RCM streamlines dental finance. Zentist's Remit AI tackles complex workflows. How does Zentist's tech stack handle claim denials?
Nate Baker
3mo
This is huge for the industry, especially with all the challenges around insurance. Congrats Sina and the Zentist team!
Frank Balkum
3mo
Congratulations! That is fantastic for you.
We are excited to be working with KeyBank to help U.S. DSOs and their affiliated practices reduce dental insurance claim denials, accelerate cash collections from payers and to improve the patient financial experience through better revenue cycle management data intelligence. KeyCorp's minority investment in Zentist is a testament to the strength of our company's artificial intelligence, machine learning and robotic process automation technology development capabilities. We look forward to accelerating fintech innovations for the dental services industry!