Medical billing is a complex, time-consuming process prone to human errors, which can lead to claim denials and delayed reimbursements. RPA in medical billing automates repetitive tasks, ensuring accuracy and reducing processing times. CognitiveHealth’s iCAN™ platform combines AI and RPA to streamline the entire billing cycle, from patient registration to payment posting.
AI Powered RPA in Revenue Cycle Management: Streamlining End-to-End Processes
Effective RCM is crucial for maintaining the financial health of healthcare organizations. CognitiveHealth’s iCAN™ platform leverages AI and optimizes the use of RPA in phase of the revenue cycle, from patient registration to final payment collection. By automating these processes, healthcare providers can achieve higher accuracy, reduced costs, and faster reimbursements.
AI Powered RPA in Back Office Operations: Enhancing Administrative Efficiency
Back-office operations in healthcare are often burdened with repetitive, manual tasks that can lead to inefficiencies and increased costs. CognitiveHealth’s iCAN™ platform integrates AI with RPA to automate back-office processes, enhancing efficiency and allowing staff to focus on patient care.
AI Powered RPA in Denial Management: Reducing Claim Denials and Accelerating Reimbursements
Denial management is a critical component of RCM, as claim denials can significantly impact cash flow and financial stability. CognitiveHealth’s iCAN™ platform leverages AI with RPA to streamline denial management processes, ensuring quicker resolution and reduced denial rates.
iCAN™ is a Network of AI agents configured to run simple or complex workflows in the Healthcare Revenue Cycle. Built by CognitiveHealth, pioneers of healthcare process automation, AI powers iCAN™ and is purpose-built for the Healthcare Revenue Cycle.
Capture and document every step of your business processes.
Real-time process recording ensures accurate data capture and analysis.
Purpose-built for healthcare, iCAN™ integrates with many EMRs and other business applications.
iCAN™ is a network of AI Agents. They come with an ever-expanding pre-built library of workflows.
Efficiently processes both structured and unstructured data.
Using AI Agents, iCAN™ automates the downstream workflow using the data and business process indicators.
Using machine learning and NLP, iCAN™ standardizes, classifies documents and other assets extracts data from them.
Using historical data and the vast amount of available data, iCAN Predict™ uses Gen AI, machine learning, and LLM.
Leverage GenAI and the data to predict and mitigate potential issues in the revenue cycle.
Using agent technology combined with data, iCAN Predict™ efficiently automates even complex business processes.
Automates the scheduling of critical tasks to ensure timely execution.
Real-time monitoring with automatic alerts for exceptions.
Generate detailed reports to support decision-making and continuous improvement.
Up to 80% reduction in manual effort.
Ensures prompt handling of denials, medical record requests, and patient letters.
Hyper-converged infrastructure to handle large volumes of correspondence.
Significant reduction in manual effort and data entry errors.
Supports remote work without disrupting workflows.
Provides a digital and cost-effective audit trail for each posting.
CognitiveHealth’s team comprises GenAI architects, healthcare security and privacy experts, and revenue cycle SMEs with extensive experience managing RCM processes for healthcare providers of all sizes. Our team has successfully implemented AI-driven solutions in partnership with recognized health systems, nursing homes, and specialty care providers.
CognitiveHealth’s team comprises GenAI architects, healthcare security and privacy experts, and revenue cycle SMEs with extensive experience managing RCM processes for healthcare providers of all sizes. Our team has successfully implemented AI-driven solutions in partnership with recognized health systems, nursing homes, and specialty care providers.
Our AI-powered solutions deliver significant ROI by focusing on labor-intensive processes and minimizing human involvement to exceptional handling and oversight. By accelerating automation and eliminating redundancies, CognitiveHealth ensures rapid implementation and quick time-to-value.
In the dynamic world of healthcare, leveraging RPA for medical billing, revenue cycle management, back-office operations, and denial management is essential for maintaining financial health and operational efficiency. CognitiveHealth’s iCAN™ platform offers a robust, AI-driven solution that addresses these challenges head-on, empowering healthcare providers to focus on delivering exceptional patient care. By embracing RPA, healthcare organizations can significantly reduce administrative burdens, enhance cash flow, and improve overall performance.
Experience the future of healthcare revenue cycle management with CognitiveHealth’s iCAN™ platform – a revolutionary approach to automation in medical billing and beyond. Embrace the power of RPA and transform your healthcare operations today.
CognitiveHealth’s team has extensive experience managing Healthcare RCM processes for small, medium, and large healthcare providers and systems. The team includes AI & GenAI Architects & developers, Healthcare Security and Privacy experts, and Healthcare Revenue Cycle SME’s.
This experienced team of CognitiveHealth has partnered with recognized health systems to build iCAN™ – Network of AI Agents.
iCAN™ platform is purpose-built for healthcare.
We understand your concerns about privacy and security. At CognitiveHealth, our infrastructure meets the highest standards, and we actively follow the latest AI trust and risk guidelines to ensure your safety.
