The impact of artificial intelligence on revenue cycle performance

A recent article by ECG Management Consultants dives into the impact artificial intelligence has on revenue cycle performance. 

Editor's Note: This article originally appeared on ECG's website

Artificial intelligence (AI) presents compelling implications for healthcare, and the opportunities inherent in an organization’s ability to use big data, complex decision trees, and machine learning align well to assist with the current challenges within the industry. The capabilities of AI and other technology-based tools to improve data accuracy and process efficiency and support overall financial improvement for the revenue cycle present compelling cases for organizational investment.

The estimated impact attributed to AI is more than $150 billion in clinical and operational savings worldwide by the year 2022, according to a recent Frost & Sullivan study. For revenue cycle leaders, there are many opportunities to harness this technology to improve performance. Just as clinical workflows should engage resources at the top of their license, taking advantage of AI is a way to ensure you are getting the maximum benefit from your staffing, technology, and organizational management investments. Click here to continue>>

 

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