Why do we need AI-powered RCM capabilities?

Categories
IBS HealthNET

AI technologies can be leveraged to enhance the efficiency, accuracy and performance of the revenue cycle.  AI can seamlessly scale the RCM operations by simply increasing the processing and storage capacity on the Cloud which otherwise would require a significant number of resources. Automation of the repetitive tasks replaces the manual processes leading to minimized […]

AI-powered RCM capabilities

Categories
IBS HealthNET

AI-powered RCM capabilities include automation of eligibility and benefits verification, prior authorization, claims scrubbing, claims processing, medical coding, patient collections, payment posting and reconciliation, denial management and AR follow-up.  AI is also extensively used to determine the gaps in payer contracts, credentialing, claims audit, revenue leakage and ability to forecast the revenues. 

AI-driven Automation Trends in RCM

Categories
IBS HealthNET

AI technologies are being effectively used to automate various aspects of the RCM processes to maximize revenue collection and achieve financial success.  Accurately forecast payments: Advanced AI models can analyze the reimbursement and denial trends to accurately predict the payments.  This is helpful for the stakeholders to ensure that the healthcare organizations for a sustained […]

AI-Powered Revenue Cycle Transformation

Categories
IBS HealthNET

AI is revolutionizing the Healthcare industry including Revenue Cycle Management (RCM) and Medical Billing.  Healthcare organizations are increasingly adopting Artificial Intelligence (AI) across the Revenue Cycle Management processes to benefit from quick returns and meet the short and long-term financial goals.