What You Should Know:
– AKASA, a leading developer of AI-powered automation for the revenue cycle, released new survey results showing that more than 70 percent of healthcare organizations are actively considering the use of generative AI.
– In the same survey of more than 250 CFOs and financial leaders at health systems and hospitals across the U.S., nearly 60% percent of respondents indicated they are actively considering these new technologies for their revenue cycle operations.
Today’s Healthcare Challenges
Healthcare organizations face challenges such as slim operating margins, staffing shortages, high costs, and growing volumes. These challenges are driving the urgency to embrace innovation, particularly in areas like the revenue cycle, where improvements can significantly increase revenue yield and reduce costs. Generative AI can now rapidly and accurately understand complex clinical documents, such as chart records, and extract meaningful information from them. This capability enhances the usability of clinical data across the revenue cycle.