Source | www.r1rcm.com
To stay competitive and fiscally sound, hospitals and physician practices are turning to revenue cycle management (RCM) partners, like R1 RCM, to digitally transform their internal operations and boost financial performance.
To achieve this type of transformation, hospitals, health systems and group practices should look for a partner that is leveraging five types of intelligent automation technologies to elevate RCM performance: self-service platforms, cognitive automation, natural language processing, web service integration and robotic process automation, one of the most recently buzzed about technologies, and the focus of this blog.
Robotic process automation (RPA) is the healthcare technology trend that people can’t seem to stop talking about. With the healthcare industry facing the effects of rising costs and ever-increasing complexities, RPA is helping hospitals and health systems manage large volumes of manual-processing work in a time/cost effective way. RPA is one of the fastest new technologies to adopt and can generate valuable process disruption at any organization.
While a lot has been written about the benefits of RPA, it’s imperative to look past the hype, and distinguish the myths from the facts to find the true value. Here are five common myths about RPA, and the facts you should know before exploring this technology.