AI in healthcare has taken a massive leap in delivering the best results in daily workflow management and providing the desired superior patient outcomes. While artificial intelligence and machine learning tools provided precise results for healthcare procedures for providers, in recent times, they are making a mark in the regular operations workflow and healthcare management teams. AI in healthcare management has proven its worth in boosting efficiency and integrating the chief components of revenue cycle management teams. With the correct application of the tools, healthcare management can now quickly improve the business practices by keeping customer success teams, sales and marketing teams, and front-end billing teams on the same page.
In the last couple of years, AI in healthcare has seen a significant boost in its operations, with more than 50% of the healthcare enterprise organizations adapting more than four automation initiatives. With the remote working scenario and hospital staff shortage on the rise, it is crucial to monitor the key trends in AI in healthcare to make well-informed decisions. Learn how automation is changing the healthcare ecosystem and what the trends are looking like for 2022.
CIOs ramping up Automation Measures
- The report published in collaboration with UiPath and Becker’s Hospital Review shows that around 15% of the enterprise healthcare systems adapted to 10 or more automation tools in 2021.
- Further investigation and communication with the Chief Information Officers at the healthcare companies show that after adapting the new technologies into the workflow of the executive teams, they are looking forward to ramping up the same into the organization’s C-suite.
- The organizations are also taking proper measures to improve the quality of the outcome after investing in AI in healthcare. The existing automation systems were more focused on improving the efficiencies in the organization. Now, the CIOs want to ramp up these measures to improve the revenue cycle management.
- The other important point in the survey was that the organizations already had adopted several automation workflows in the past in separate domains. Currently, the management is looking forward to integrating the independent islands of automation systems into a single platform.
- The strategy for 2022 is looking for these automation tools with enterprise-level functions coupled with a high level of governance and security. It is also an excellent opportunity for the organization to look into skill-building and staff training exercises to best use the new tools.
- The Chief Information Officers of the healthcare organizations will be the front-liners leading the way forward in this process in 2022. The leading CIOs all over the American healthcare industry are looking for solutions that will drive revenue, agility, and efficiency into the organization in a centralized and secured manner.
RPA is the Frontrunner
- Robotic Process Automation continues to be the top choice for healthcare organizations to drive more value to their digital transformation journey. Surveys show that close to 80% of healthcare organizations choose RPA tools as their primary automation platform.
- Most CIOs are trying to zero in on a central platform to work around different facets of automated workflows. RPA has been the top choice for most organizations in this aspect.
- Reports from Gartner show that Robotic Process Automation has been the fastest-growing enterprise software since 2019. The revenue for the RPA industry has grown by around 39% between 2019 and 2020.
- The major factors driving the demand for RPA in the healthcare industry have been no-code or low code build environments, great support for scalability, integration advantage, and enterprise-grade governance.
- As more healthcare organizations are looking forward to integrating the various tools of AI in healthcare, RPA provides the best support for their continuous growth. The automation strategy for these organizations is primarily focused on building around this core platform.
- However, experts believe that the needs of each organization are unique, and the CIOs need to weigh in all their resources at hand before committing to a single-core platform. Whether or not you want to invest in a stable RPA process depends on the current automation processes in your organization and the goals that you want to achieve.
- The goal of deploying AI in healthcare is to ramp up the efficiency of the management workflow and bring out the best outcomes for both the providers and the patients. To achieve this goal, domain experts are now focusing on building resources to bring each team to a single platform.
- For example, the different teams of revenue cycle management work in separate applications. The providers manage their diagnosis notes and store them in the EHR systems. The coders access those EHRs and assign the necessary codes. The biller finally checks out the entire service and prepares the claim for reimbursement.
- The goal of each team is to ensure that the insurance company receives a clean claim for maximum reimbursement. Working in separate platforms for the same end goal makes the current workflow inefficient.
- This is the reason why healthcare IT platforms are trying to replace business application-based workflows with task-based workflows for the teams. Using a single platform with tasks assigned to fragmented teams will bring them on the same page.
- The robotic automation will notify the specific employee about the tasks at hand along with the time frame and deadline if any. The practice manager can log in to the system to track the applications and stay updated.
- The task-based workflows can thus improve the efficiency of the daily assigned works and reduce the time consumed in a single stroke. Employees no longer need to tap into separate applications to perform and update their tasks. The work process becomes streamlined for the management to track and report.
AI in healthcare has several other trends that you need to look at before making a decision on your digital transformation journey. However, if you do not want to invest directly in a repeatable, proven work model for greater revenue generation, you can switch to outsourcing companies for the same. The experienced revenue cycle management companies in the industry follow the automation trends keenly so that they can apply the same for their clients. Get in touch with a trustworthy RCM company to evaluate your choices.
We hope this article helped you understand the upcoming trends in AI in healthcare and how they can affect your revenue and efficiency. In case of any queries, connect with us in the comment section below. Please subscribe to our blog and follow us on LinkedIn, Twitter, Instagram, and Facebook for more such articles on the medical billing industry, technology, and financial management.