Podcasts

Key trends shaping the future of revenue cycle management?

Questioner

So, Neil, what are the key trends shaping the future of revenue cycle management?

Neil

Revenue cycle management is evolving rapidly. The integration of remote patient monitoring with revenue cycle management is on the rise. Telehealth is booming, with utilization 38 times higher than pre-pandemic, according to McKinsey study.

RPM is crucial, but providers struggle with billing and coding, leading to lost revenues. Remember, every 20% of claims are denied on the first submission. That’s where the export RCM support is vital for accurate reimbursement and compliance. Another major trend is AI and automation. These technologies are transforming claims, submission, and denial management, reducing error and accelerating payments.

Specifically, AI can reduce denial rates with 30%. And automation can accelerate payment by 25%. At Viante, we’re leading the shift, helping healthcare providers optimize revenue and efficiency in the rapid-changing landscape.

Facebook
LinkedIn
X