Healthcare Finance News February 25, 2021
Prior authorizations in particular are a complex, time-consuming function that would be well served by technology.
Inefficiency is an issue that continues to plague many areas of healthcare, particularly when it comes to manual administrative functions. While the industry is increasingly harnessing technology — evidenced by the use of telehealth and the push for electronic health record interoperability — administrative complexity continues to be burdensome, and largely paper- and fax-driven. This essentially means cost savings are being left on the table.
Healthcare technology and research firm CAQH recently released a report detailing the extent to which savings could be achieved by adding automation and AI-powered tech to this administrative morass. While the industry has so far avoided about $122 billion...
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