HealthLeaders Media February 1, 2024
Automated Intelligence is slowly cementing itself in the middle of the revenue cycle.
The predictive capabilities of AI solutions enable health systems to use them in administrative and clinical settings. Considering how data heavy revenue cycle operations are, alongside the difficulties in hiring and retaining medical coders, it’s popularity isn’t a trend—it’s a remedy.
According to a 2023 Medical Group Management Association Stat poll, 34% of medical group leaders said they were having difficulty hiring medical coders. The Bureau of Labor Statistics also estimated that around 12,300 medical records specialist roles are to be created between 2021 and 2031.
Many revenue cycle leaders feel that coding and areas like denials management require more expertise than other parts of the revenue...
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