The healthcare revenue cycle has an efficiency problem. Bogged down by manual processes and large volumes of claims, healthcare providers are seeking new ways to increase efficiency to get paid accurately and quickly.
Automation technology has generated tremendous interest among healthcare leaders, especially on the financial side, in its ability to automate repeated administrative tasks integral for claims management and reimbursement and leverage the additional power of artificial intelligence to manage more nuanced tasks. Altogether, AI and automation are expected to make resources available to focus on the patient experience and increase satisfaction among healthcare professionals when continued strain on the healthcare system is driving many out.
Beyond efficiency, the revenue cycle is coming to terms with changing rules and regulations. For example, the No Surprises Act has gone into effect and introduced the independent dispute resolution (IDR) process, which is slated to present new challenges for providers and plans to settle payment disagreements. The industry is eagerly watching to see how the new process will play out and what happens to healthcare spending as a result.
Join us to hear from industry leaders on how they are increasing efficiency to streamline revenue cycle management, ensure complete reimbursement, and tap into revenue cycle data to ensure high-quality, affordable care for their patients.