Kovo HealthTech Corporation (TSX-V: KOVO) has officially launched its AI-powered, cloud-based, and Health Insurance Portability and Accountability Act of 1996 (HIPAA)-compliant platform KovoCloud for its 2250-plus U.S. healthcare customers and their 4.5 million patients.

The company said its platform accelerates its Software-as-a-Service (SaaS) offering and AI billing solutions for small and medium-sized healthcare providers and includes new offerings such as Practice Management, Payment Processing, Electric Medical Records, and Patient Engagement.

'With the newly accessible medically trained generative AI models, combined with our KovoCloud platform, deep expertise, and rich data sets accumulated over many years, we are in a rare position to deliver practical and reliable AI capabilities to our customers,' Kovo CEO Greg Noble said in a statement.

'Even more exciting is the promise of extracting incredible insights to drive better outcomes, enhanced physician experience, and autonomous supports for patients.'

Kovo said it would begin onboarding existing clients to KovoCloud throughout Fall 2023, with new customers expected to be onboarded by the fourth quarter of 2023.

Kovo HealthTech is a growing healthcare technology company that specializes in Billing-as-a-Service offering SaaS-style recurring revenue contracts and software for more than 2,250 U.S. healthcare providers.

Its industry-leading technology platform, KovoCloud, helps healthcare providers digitally track and manage complex patient care registration, services, billing and payments in a seamless way.

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