Healthcare 2023 and Beyond: A Financial Outlook for Revenue Leaders
The healthcare industry is facing significant challenges — including declines in margins, decreasing patient volumes and strained payer relations. As...
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Staffing shortages are plaguing the industry. Robotic Process Automation (RPA) has proven to be an essential technology for automating manual processes. As a result of RPA, organizations have seen costs reduced by 30-70% without the need to hire.
Furthermore, according to Becker’s Hospital CFO Report, organizations who have implemented RPA have increased their team capacity from 35 to 200% allowing staff to focus on higher priority tasks and lead with cost efficiencies, accuracy and cost savings.
A 15-minute task for an employee pulling medical records, sending it out to the payer, coming back and updating the patient accounting system can be reduced to about 30 seconds.
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