There’s no question that Artificial Intelligence (AI) has transformed other industries. And a lot has been written about AI’s very promising future within the healthcare industry. But instead of focusing on what’s to come, let’s focus on what AI can do for you now. Optimizing your revenue cycle process with AI is more vital to your organization’s financial health today more than ever before. Here are 3 reasons why:
1. You Deserve Every Penny You Earn.
You work hard. Your physicians work hard. Your coders work hard. Everyone works hard. Your organization deserves to be compensated fairly and accurately because of that. But with reimbursement under pressure and more dollars being pushed to patient responsibility, getting paid all you deserve is increasingly difficult. AI and RCxRules can help by maximizing your most significant revenue stream: Insurance Billing. Through a series of automated processes, our AI technology helps insurance companies pay you accurately and thoroughly. And because the Automated Charge Review technology ensures accuracy pre-claim, denials are dramatically reduced, which results in accelerated payer payments and less time-consuming rework. This frees up valuable resources to work on other critical initiatives.
2. You Have More Important Things to Worry About.
As we all know the healthcare industry is ever-evolving, and with the big shift to value-based reimbursement, you probably feel like your resources are being pulled in many different directions. AI technology can help with this by making your team more efficient. With our Automated Charge Review technology, RCxRules reduces between 50-75% of the effort associated with EMR charge passing. By hypertargeting the select few charges that need your time and effort, you’ll have the capacity to work on other tasks. You’ll also have the confidence and the peace of mind to do so, knowing that all your data has been systematically double-checked, reducing manual error. AI tech is meant to elevate you and your staff to make you stronger, more productive, and more confident. Take your organization to the next level, spend your time tackling those higher-level initiatives head on.
3. You Don’t Want to Fall Behind the Curve.
Healthcare organizations have been using AI to successfully optimize their RCM systems for close to a decade now. AI is here. And it’s thriving. Our Automated Charge Review technology seamlessly integrates with your existing EMR and RCM systems to ensure accurate charges pre-claim. When charges hit your EMR, this technology reviews them using algorithms inclusive of decision-making logic. The logic, comprised of custom and industry rules, acts as an almost fool-proof review system to autocorrect coding errors and capture missed revenue. Once the charge is accurate, it will be automated to your RCM. This AI technology has been battle tested for years in some of the largest and most sophisticated medical practices in the country. Are you ready for it?
It’s undeniable, incorporating AI tech into your billing process is vital and there’s no time like the present to embrace it.
Take the first step in implementing this proven technology today and setup an overview to learn more.
