The Bots Are Here to Help
From front office to RCM, robotic process automation can help the bottom line
Is there anything better than finding free money?
The Wall Street Journal recently reported on a Pennsylvania-based sustainable-waste processing company, Reworld, that is reclaiming some of the estimated $68 million in coins that Americans toss in the trash every year.
It turns out that those pennies, nickels and dimes add up. Reworld has recovered about $10 million in coins over seven years.
Clear (and cleaner!) savings through RPA
Healthcare practices have even more powerful and more lucrative ways to capture savings — ones that don’t require sorting, washing, and counting small metal discs.
That path to better financial health involves applying artificial intelligence (AI) and Robotic Process Automation (RPA) to day-to-day operations. It is among the most financially sound steps any practice can take.
Why the money and savings matter
As every practice administrator knows, billing costs are enormous. A recent Health Affairs report found medical practices spend about $30 billion annually on billing. That is likely a low estimate, as it is based on data from 2009.
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