Get Thoughtful+ Insights

Automation news, RPA best practices, and time and money-saving tips, straight to your inbox.

Use Case

All Use Cases

PP

Charge or Payment Posting

Automating charge or payment posting can offer several benefits. Firstly, automation can increase operational efficiency by reducing the time and effort required to manually process charges or payments to patient accounts. By automating the process, the bot can quickly identify the relevant accounts to post the charges or payments, minimizing errors and speeding up the overall process. Secondly, automation can enhance the accuracy and consistency of financial records by using predefined criteria and rules for charge or payment posting. This can minimize discrepancies caused by manual processing and ensure accurate financial records. Lastly, automation can provide real-time visibility into the financial status of patient accounts, allowing for more effective revenue cycle management. Overall, automating charge or payment posting can save time and resources, while improving accuracy and consistency in financial operations.

Function:

Revenue Cycle Management

All

Steps

  1. Data Extraction: The bot extracts the necessary data, such as patient demographics, medical codes, and payment information from various sources, including electronic health records, insurance portals, and payment processors.
  2. Data Pre-processing: The bot pre-processes the extracted data to ensure it is accurate, complete, and in the right format for processing.
  3. Charge or Payment Identification: The bot identifies the relevant charges or payments for each patient based on the extracted data and predefined criteria.
  4. Posting: The bot posts the identified charges or payments to the appropriate patient accounts within the software. This can include updating account balances, generating invoices, or recording payment transactions.
  5. Reconciliation: The bot reconciles the posted charges or payments with the source data to ensure accuracy and consistency. Any discrepancies are flagged for review and resolution.
  6. Reporting: The bot generates reports to provide real-time visibility into the financial status of patient accounts, including account balances, payment history, and outstanding balances. This information can be used for revenue cycle management and financial analysis.

Popular Applications

Our services are not limited to these applications. This automation is available for any cloud based application.

Epic

Epic
Epic

MedEZ

MedEZ
MedEZ

Meditech Expanse

Meditech Expanse
Meditech Expanse

Cerner

Cerner
Cerner

Kareo

Kareo
Kareo

NextGen

NextGen
NextGen

QGenda

QGenda
QGenda

Share

Related

PV

Pre-Visit Payment Collection

Automating pre-visit payment collection offers numerous advantages. Automating the billing process can reduce the number of unpaid patient accounts after service delivery, which improves the financial health of the organization. It also provides accurate and transparent cost estimates to patients, empowering them to make informed decisions about their healthcare. Automation streamlines insurance coverage and eligibility identification, and allows patients to conveniently make payments, thus increasing the efficiency of the billing process. Overall, automating pre-visit payment collection can result in better financial stability for the organization, improved patient experience, and decreased administrative costs.

PS

Patient Scheduling

Automating patient scheduling offers several advantages. Firstly, it enhances the patient experience by providing flexible scheduling options, such as online booking or appointment reminders. This helps to reduce wait times and streamline the scheduling process. Secondly, automation optimizes resource utilization, such as doctors and equipment, by scheduling appointments efficiently. This reduces idle time and improves the overall efficiency of the clinic or hospital. Lastly, automation ensures accurate and consistent scheduling by using predefined criteria and rules. This minimizes errors and ensures that appointments are scheduled correctly. In summary, automating patient scheduling can improve patient experience, optimize resource utilization, and reduce administrative costs.

pc

Patient Collections

Automating patient collections can bring several advantages to health companies. Firstly, it can improve patient satisfaction by providing convenient and flexible payment options, such as online bill pay or automatic payments. This can help reduce the financial stress and burden on patients and make the payment process more convenient and efficient. Secondly, automation can increase collection rates and reduce collection costs by streamlining the process and reducing the time and resources required for manual collection efforts. This can improve cash flow and revenue cycle management, ensuring that payments are collected in a timely and efficient manner. Overall, automating patient collections can help companies provide a better patient experience, while improving financial performance and reducing administrative costs.

Achieving Guaranteed Outcomes and ROI

Join leading healthcare providers and:

  • Collect more money, faster
  • Higher capacity, less headcount
  • Acquire and retain more patients

Request Demo

Learn More