How to Take Advantage of Revenue Cycle Automation
Although digital transformation has helped streamline the healthcare revenue cycle, billing and reimbursement continue to become more complicated over time. Each insurance company requires specific documentation and follow-up to get your claims paid. Effective cash flow for practices and medical billing offices increasingly requires in-depth knowledge of clinical documentation, case management, coding, and health information management. In this environment, investing in revenue cycle automation technologies can potentially improve cash flow and efficiency as well as workforce morale. According to recent data , 78% of health systems surveyed used or were in the process of implementing these solutions in 2021, compared to just 66% in 2020. How automation supports a seamless revenue cycle As technological advancement accelerates beyond our imaginings, medical practices can take advantage of solutions such as data analysis, cloud applications, machine learning, artificial intelligence