The healthcare landscape is quickly evolving, with new trends and regulations constantly reshaping how services are delivered. Today, healthcare operations are undergoing a disruptive transformation as automation brings forth brand new capabilities across a wide range of its business processes. On that note, revenue cycle management (RCM) is among the most attractive business functions for healthcare providers to strengthen its stride on the automation journey. Technologies such as robotic process automation (RPA), intelligent automation (IA), and cognitive methods such as artificial intelligence (AI) are helping healthcare organizations improve RCM efficiency, which is a key for improving cash flow.
Notably, AI is helping healthcare organizations find patterns in data and use them to streamline billing and coding. AI can leverage existing RCM data to address common issues, including processing prior authorizations, monitoring billing and claim status, and estimating out-of-pocket expenses. AI can also automate RCM’s most complicated processes, pinpoint when and where human intervention is required, and assign necessary tasks to the most qualified personnel.
Besides, IA is helping healthcare organizations improve patient care and resolve common RCM challenges. IA can help health systems realize new revenue streams by improving net revenue capture, delivering cost reductions through automating timeconsuming rules-based revenue cycle tasks, and producing more predictable reimbursements.
At this juncture, there is a variety of revenue cycle management solution providers that are entering the market to cater to the different needs of healthcare organizations. To help them choose the solution that best fits their requirement, Healthcare Tech Outlook has compiled lists of top revenue cycle management solution providers. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for aspiring CXOs.
We present to you Healthcare Tech Outlook’s, “Top 10 Revenue Cycle Management Solution Providers – 2021.”