HealthLeaders Media September 28, 2023
CFOs and revenue cycle leaders can save on costs and optimize workflows by addressing the problem area.
KEY TAKEAWAYS
– Denials management continues to be one of the biggest revenue cycle challenges for healthcare leaders, costing time and money.
– Implementing technology like AI and robotic process automation can streamline tasks to save on resources in the long run.
If your healthcare organization isn’t already automating denials management, it should consider moving away from manual processes to alleviate expenses.
Denials management is one area of revenue cycle management that is especially susceptible to inefficiencies, which is why hospital leaders need to explore investment in AI, whether that’s a standalone or an end-to-end solution.
Currently, only 38% of hospitals and health...
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