RCM in Healthcare

In today’s fast-paced healthcare environment, efficient revenue cycle management (RCM) is crucial for financial stability and growth. CognitiveHealth introduces iCAN™, a groundbreaking AI-driven solution designed to revolutionize revenue cycle management (RCM) and administrative workflows. Our innovative RCM billing services streamline processes, reduce errors, and enhance overall financial performance.

The future

Revolutionizing RCM in Healthcare

The Importance of Effective RCM in Healthcare

Effective RCM is the backbone of any successful healthcare organization. From patient registration to final payment, every step in the RCM cycle must be managed meticulously to ensure optimal revenue flow. CognitiveHealth’s AI-driven solutions address common challenges in RCM, providing healthcare organizations with the tools they need to thrive.

Introducing iCAN™ – Network of AI Agents for Healthcare RCM and Billing 

 iCAN™ is a Network of AI agents configured to run simple or complex workflows in the Healthcare Revenue Cycle, it may be end-to-end RCM or just the billing. Built by CognitiveHealth, pioneers of healthcare process automation, AI powers iCAN™ and is purpose-built for the Healthcare Revenue Cycle. 

1. iCAN Automate™

iCAN Automate™ leverages advanced agent architecture and automated process mapping to record business processes in real-time, facilitating faster development and seamless deployment. The CognitiveHealth Automation Scale guides a business value model for better efficiency and ROI.

Automation Process Mapping

Capture and document every step of your business processes.

Real-Time Recording

Real-time process recording ensures accurate data capture and analysis.

Seamless Deployment

Purpose-built for healthcare, iCAN™ integrates with many EMRs and other business applications.

Network of AI Agents

iCAN™ is a network of AI Agents. They come with an ever-expanding pre-built library of workflows.

2. iCAN Insight™

iCAN Insight™ utilizes Natural Language Processing (NLP) and Large Language Models (LLM) to process structured and unstructured data, enhancing automation. This module excels at managing large volumes of data, such as correspondence, by categorizing, indexing, and automating downstream workflows.

Data Processing

Efficiently processes both structured and unstructured data.

Workflow Orchestration

Using AI Agents, iCAN™ automates the downstream workflow using the data and business process indicators.

Data Standardization and Classification

Using machine learning and NLP, iCAN™ standardizes, classifies documents and other assets extracts data from them.

3. iCAN Predict™

iCAN Predict™ uses GenAI, data analytics and machine learning to report, alert, and validate specific business process tasks. This automation covers complex tasks such as claims denial management, appeals, financial transaction management, and pre-service business processes.

Machine Learning and GenAI

Using historical data and the vast amount of available data, iCAN Predict™ uses Gen AI, machine learning, and LLM.

Predictive Analytics

Leverage GenAI and the data to predict and mitigate potential issues in the revenue cycle.

Intelligent Process Automation

Using agent technology combined with data, iCAN Predict™ efficiently automates even complex business processes.

4. iCAN Manage™

iCAN Manage™ enables the scheduling, execution, and monitoring of tasks. This module promptly addresses alerts and escalations, allowing for efficient task management and reporting.

Task Scheduling

Automates the scheduling of critical tasks to ensure timely execution.

Monitoring and Alerts

Real-time monitoring with automatic alerts for exceptions.

Reporting

Generate detailed reports to support decision-making and continuous improvement.

Benefits & Features

Real-World Applications & Benefits

Automating Correspondence Management

With iCAN™ Correspondence, healthcare organizations can automate the management of thousands of correspondence pieces, saving significant manual effort and ensuring timely responses to denials and requests. By standardizing documents, executing customizable workflows, and leveraging advanced AI tools like OCR and NLP, iCAN™ transforms correspondence management into an efficient, automated process.

Manual Effort Savings

Up to 80% reduction in manual effort.


Timely Responses

Ensures prompt handling of denials, medical record requests, and patient letters.

Scalability

Hyper-converged infrastructure to handle large volumes of correspondence.

Payment Posting and Reconciliation

iCAN™ Cash Management automates the tedious and error-prone manual reconciliation process, reducing data entry errors and improving efficiency. This module integrates seamlessly with existing workflows and supports a remote workforce, ensuring continuity even during challenging times.

Efficiency Improvement

Significant reduction in manual effort and data entry errors.

Remote Workforce Enablement

Supports remote work without disrupting workflows.

Audit Trail

Provides a digital and cost-effective audit trail for each posting.

The future

Revenue Cycle Management

The traditional revenue cycle is riddled with manual processes, inefficiencies, and errors that can hinder financial performance. CognitiveHealth’s iCAN™ platform addresses these challenges head-on by integrating intelligent process automation specifically tailored for healthcare. Our AI-powered solutions encompass everything from pre-encounter to patient discharge, ensuring a seamless and efficient revenue cycle.

Expertise and Experience

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.

Commitment to Privacy and Security

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.

Proven ROI

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.


Schedule a FREE Demo Today!

Discover how CognitiveHealth’s AI-powered billing services within your RCM can transform your revenue cycle management. Our advanced automation and analytics tools are designed to streamline processes, enhance efficiency, and improve financial performance. Schedule a free demo today to see how our innovative solutions can benefit your organization.
 

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.

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.

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