Innovate New Albany tenant, RevQuest, an AI software developer that offers a one-stop shop for hospital and medical practice billing needs, has grown to 30 employees since it was founded in 2017, the year cofounder Keith Moody graduated from New Albany Plain Local Schools. It is on track to recover $900 million for its healthcare clients across the country in 2022. Through automation and machine learning, the company’s software can quickly detect discrepancies and errors that can cause millions of dollars in lost revenue. READ MORE

The company’s mission is to help hospital systems recover a high percentage of the billing revenue they would otherwise lose due to denials and underpayments from insurance companies. The RevQuest proprietary system was built on IBM mainframes, as the power needed surpasses the industry standard for what can be provided both in cloud systems and server arrays.