Before revenue cycle AI, payers and providers need to get along

Image for article Before revenue cycle AI, payers and providers need to get along
News Source : Techtarget.com

News Summary

  • A survey of nearly 200 provider executives found that 88% of respondents cite payer challenges as one of their top revenue cycle stressors.
  • The number of executives reporting denials over 5% almost doubled compared to last year's survey.
  • Medical group and hospital executives were also the most likely to report higher final denial rates.Across types of organizations, provider executives are focusing on implementing automation and AI to capture revenue and get ahead of denials and delays.
  • But provider organizations may need to iron out some wrinkles in their revenue cycle AI plan, especially when it comes to payer relations.
Revenue cycle AI may not be the reimbursement answer many providers hope for, suggests a recent survey from healthcare consulting firm Guidehouse and the Healthcare Financial Management Association. [+4588 chars]

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