Artificial Intelligence (AI) is expected to be a game changer for healthcare revenue cycle management, especially as providers grapple with the impact of COVID-19. The right AI technologies can drive revenue by reducing human touches and increasing efficiencies. Unfortunately, many companies attempting to adopt AI fail.
Meduit recently launched MeduitAI™, a one-of-a-kind suite of revenue cycle solutions powered by artificial intelligence. Clearly AI is on the minds of healthcare executives based on this OptumIQ Annual Survey, which matches what we are hearing from hospital executives across the country.
Artificial intelligence is transforming revenue cycle management. Meduit’s MedAutoCode leverages AI with autonomous coding to recreate a patient visit and assign accurate, real-time medical codes to the chart with zero human interaction. Check out our newest video to learn how MedAutoCode can lower operational costs, improve coding accuracy and reduce A/R time.
Medical billing errors and coding issues, such as failing to use updated code sets and bad or missing documentation, can lead to claim denials and payment delays impacting healthcare providers financially. According to one study, up to 90% of medical bills contain errors that are cumulatively estimated to be worth $750 billion a year. By reducing human touches, Artificial Intelligence (AI) is playing an increasingly critical role in streamlining healthcare processes, including medical coding, to improve coding accuracy and documentation while reducing costs and driving revenue. Learn more in our latest Issue Brief about how technologies, like MedAutoCode, are leveraging AI with autonomous coding to improve coding accuracy with zero human interaction.