Kareo Clinical EHR Software, one of the big names in providing cloud-based software services to independent clinics, healthcare providers, and billing companies acquired PatientlySpeaking a pioneer in robotic process automation (RPA). This valuable acquisition will grow Kareo’s billing solutions enhancing efficiency and streamlining tedious billing tasks through automation.
What is RPA?
If you don’t know exactly what robotic process automation is then don’t worry as we’ve got you sorted out. RPA is a software-based tool that depends on bots to imitate human work. These bots work like humans which helps organizations to automate monotonous tasks to improve productivity levels. Staff members can’t work round the clock but with robotic process automation (RPA) processing times can be cut down and organizations can increase the number of claims with accuracy. RPA powered abilities are crucial for billing companies to improve efficiency levels and reduce the cost per claim.
RPA Tools for enhancing Revenue Cycle Management (RCM)
The payment posting bot is one of the most favored and common RPA tools used in medical billing. The bots can be trained just like your staff member to post payments. These bots eliminate any human errors as they are designed to accurately post refunds and can also spot underpaid claims. By leveraging the power of payment posting bots medical organizations have been able to successfully automate 70% of medical billing processes, streamlining billing and back end tasks improving efficiency levels greatly.
RPA can also be used with integrations. Integrations will permit nurses, providers, and billers to easily access data from any other system with ease. Staff members in your organizations might be using different systems for different tasks, such as patient information, claims through integration all data is bought in a single platform that can be accessed by everyone.
RPA Tools for your Revenue Cycle Department
The bots are fast to implement and can turn out to be cost-effective as tasks are automated and errors can be reduced. Kareo’s PatientlySpeaking RPA tools can be easily programmed for scalability as your practice grows. With robotic process automation, billers can focus on managing their business and keep patients satisfied through exact and fast billing services. Billing workflows can be streamlined through end-to-end automation helping you ace your revenue cycle management (RCM) processes.
