APAC CIOOutlook

Advertise

with us

  • Technologies
      • Artificial Intelligence
      • Big Data
      • Blockchain
      • Cloud
      • Digital Transformation
      • Internet of Things
      • Low Code No Code
      • MarTech
      • Mobile Application
      • Security
      • Software Testing
      • Wireless
  • Industries
      • E-Commerce
      • Education
      • Logistics
      • Retail
      • Supply Chain
      • Travel and Hospitality
  • Platforms
      • Microsoft
      • Salesforce
      • SAP
  • Solutions
      • Business Intelligence
      • Cognitive
      • Contact Center
      • CRM
      • Cyber Security
      • Data Center
      • Gamification
      • Procurement
      • Smart City
      • Workflow
  • Home
  • CXO Insights
  • CIO Views
  • Vendors
  • News
  • Conferences
  • Whitepapers
  • Newsletter
  • Awards
Apac
  • Artificial Intelligence

    Big Data

    Blockchain

    Cloud

    Digital Transformation

    Internet of Things

    Low Code No Code

    MarTech

    Mobile Application

    Security

    Software Testing

    Wireless

  • E-Commerce

    Education

    Logistics

    Retail

    Supply Chain

    Travel and Hospitality

  • Microsoft

    Salesforce

    SAP

  • Business Intelligence

    Cognitive

    Contact Center

    CRM

    Cyber Security

    Data Center

    Gamification

    Procurement

    Smart City

    Workflow

Menu
    • Cyber Security
    • Hotel Management
    • Workflow
    • E-Commerce
    • Business Intelligence
    • MORE
    #

    Apac CIOOutlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIOOutlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    Key Thoughts on Improving the Healthcare Revenue Cycle Efficiency

    Healthcare industry is engaging in complex payment models, and now healthcare providers must automate critical functions to enhance the efficiency of the healthcare revenue cycle.  

    Key Thoughts on Improving the Healthcare Revenue Cycle Efficiency

    By

    Apac CIOOutlook | Friday, April 26, 2019

    Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.

    Healthcare industry is engaging in complex payment models, and now healthcare providers must automate critical functions to enhance the efficiency of the healthcare revenue cycle. From patient access to registration, billing, and coding, organizations must achieve revenue cycle efficiency and must ensure that providers get paid promptly and accurately. Automation is the key to streamline the revenue process and boost overall productivity and efficiency.

    • Automate the revenue cycle

    Advancements in technology are favorable for the healthcare sector to progress. Providers are adopting a wide range of technologies to deliver innovative and modern facilities to their patients. Revenue cycle automation significantly reduces the administrative burden on the personnel thereby streamlining the workflow, reducing human error, and labor costs as well. However, organizations must integrate the right technology to achieve efficiency. It is essential for provider organizations to invest in revenue cycle management technologies that can be incorporated into the established workflows and legacy systems; otherwise, it will turn out to be another complex revenue cycle.

    Improvements in the frontend processes can assist providers in preventing common errors that lead to underpayments, backend issues, and claim denials. Also information like, incorrect patient demographic data is one of the top reasons why payers deny claims. Providers and the employees spend more time on non-clinical, administrative tasks, and manual frontend adds on to the existing burden.

    Automating prior authorizations benefits verification, patient registration and other frontend workflows can significantly improve revenue cycle efficiency. Technology assists in data collections and ensures that the necessary information is collected even before the patient’s arrival.

    • Transparency and Patient Billing

    Healthcare sector is rapidly evolving, and the coming phase will involve patients choosing where their healthcare dollars would go. The rise in patient financial responsibility can slow down the revenue cycle process as providers would wait for patients to pay their medical bills. Providing patients with the price estimates before the services, offering convenient payment options, and automating medical billing will make the process more convenient.

    As the healthcare sector evolves, revenue cycle process becomes more challenging. Manual processes will no longer keep up with the increasing complexity of the healthcare industry; especially when there is fierce competition and customers demand for valuable services. Adopting the right technology at the right time can help providers quickly adapt to the evolving industry needs.

    Check Out: 

    Top Hearing Aids Companies ( Lucid Hearing )

    Top Revenue Cycle Management Technology Companies

    More in News

    Transforming Retail: The Impact of VR and AR in Asia Pacific

    Transforming Retail: The Impact of VR and AR in Asia Pacific

    Enhancing Customer Satisfaction through Omni-Channel Payments

    Enhancing Customer Satisfaction through Omni-Channel Payments

    AI's Role in Apac's Digital Transformation Journey

    AI's Role in Apac's Digital Transformation Journey

    Influence of AI on Supply Chain Management

    Influence of AI on Supply Chain Management

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Copyright © 2025 APAC CIOOutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    Home |  CXO Insights |   Whitepapers |   Subscribe |   Conferences |   Sitemaps |   About us |   Advertise with us |   Editorial Policy |   Feedback Policy |  

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://www.apacciooutlook.com/news/key-thoughts-on-improving-the-healthcare-revenue-cycle-efficiency-nwid-6261.html