Healthcare providers are increasingly using AI to improve revenue cycle management. Using AI scheduling software, West Tennessee Healthcare boosted its orthopaedic service line by 9% within 100 days. AdventHealth used Iodine Software’s pre-billing software to analyse and prioritise patient records for significant reimbursement potential. Cleveland Clinic partnered with Akasa to add machine learning processing to its revenue operations and help speed up complex coding tasks. AI is seen as key to improve efficiency, reduce administrative burden and maximise revenue.
The True Cost of Focusing on Cost Instead of Cost-Effectiveness
When payors consider only the cost of the medication and not the cost and risk to the patient, doctor, and healthcare system, the irony is
