RPA (Robotic Process Automation) is a technology that uses software robots to automate repetitive and rule-based tasks. In the context of healthcare revenue cycle management, RPA can be used to automate tasks such as claims processing, eligibility verification, and payment posting. By automating these tasks, RPA can help healthcare organizations improve the accuracy and efficiency of their revenue cycle processes, reduce costs, and improve the overall patient experience. For example, RPA can help reduce the time it takes to process claims, which can lead to faster payment and improved cash flow for healthcare organizations. Read this presentation to know more.

1. Why RPA in Healthcare Revenue Cycle
Management?
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Initiate Reimbursement Faster with Automated
Revenue Cycle

2. What is Healthcare Revenue
Cycle Management?
Healthcare revenue cycle management is the process that begins
with the patient taking admission into a healthcare institution and
ends when full claims payment is initiated into the provider’s account.
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As per the report, Revenue Cycle Management market is
expected to cross USD 285.6 billion by 2026. Also around 43%
of service providers wait for 91 to 120 days after service before
referring the account to outside collection, while remaining
32% wait for more than 120 days.

3. Challenges with Healthcare
Revenue Cycle Management
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Erroneous
Medical Billing
Lack of Data Driven
Insights
Billing Backlogs and
Claims Denials
Data
Interoperability
Threat to Data
Security

4. Why RPA to Accelerate
Healthcare Revenue Cycle
Management?
As per Grand View Research, the global market for
revenue cycle management is projected to expand
at a compound annual growth rate of from 2022-
2030. Considering the amount of increment in
revenue cycle management, RPA in healthcare is
expected to expand at an annual growth rate
of 38.4% from 2022-2020.
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5. How RPA Automate Healthcare
Revenue Cycle Management?
RPA in healthcare revenue cycle management automate
the process involved between patient appointments and
payment initiated to the healthcare provider. Automating
these steps with RPA and AI generate better revenue
cycle management. RPA in healthcare revenue cycle
management automates the below steps-
• Insurance Eligibility Verification
• Medical Coding and Claims Preparation
• Claims Submission
• Dispute Management
• Claims Reconciliation
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6. Benefits of RPA in Healthcare
Revenue Cycle Management
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01
02
03
04
05
06
Assist Pre-authorization
Expedite Cost
Estimate Generation
Enhance Patient
Communication Opportunity
Accelerate Customer
Satisfaction Score
Automate Claim
Denials
Reduce Manual
Data Entry
Benefits

7. Hyperautomation Solutions... Not just a platform
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