For the Record Article: Data Analytics – Big Data Tackles Revenue Cycle Deficiencies

Big data is transforming clinical outcomes in multiple ways—from extracting information trapped in unstructured EHR fields to deciphering population health trends—helping providers up their game with qualitative medicine.

But we’re only beginning to unearth the potential for big data, or analytics, in revenue cycle management (RCM). Over the last few years, terms such as artificial intelligence (AI) and machine learning have entered our vocabulary, and we’re continually learning about new capabilities for advanced algorithms to process raw data, turn them into actionable insights, and automate workflows.

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Cover of MedEvolve eGuide "AI Can't Fix RCM Issues You've Never Measured" featuring a businesswoman studying a revenue cycle workflow diagram on a whiteboard.

AI Can’t Fix RCM – no form

Most AI vendor pitches are built around task-completion metrics: claims processed, calls placed, codes assigned, denials ‘worked.’ These numbers are easy to demo and easy to report. They are also, on their own, meaningless.

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AI Can’t Fix RCM Issues

Provider organizations should adopt new methodologies for revenue cycle benchmarks to understand staff effectiveness and where breakdowns are occurring. These include the following measures along with suggested percentages for optimizing revenue cycle processes.

Read More »

Hidden Costs to Getting Paid link

Provider organizations should adopt new methodologies for revenue cycle benchmarks to understand staff effectiveness and where breakdowns are occurring. These include the following measures along with suggested percentages for optimizing revenue cycle processes.

Read More »

Hidden Costs to Getting Paid

Provider organizations should adopt new methodologies for revenue cycle benchmarks to understand staff effectiveness and where breakdowns are occurring. These include the following measures along with suggested percentages for optimizing revenue cycle processes.

Read More »

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Recent Posts
AI Can’t Fix RCM – no form

Most AI vendor pitches are built around task-completion metrics: claims processed, calls placed, codes assigned, denials ‘worked.’ These numbers are easy to demo and easy to report. They are also,

Read More »
AI Can’t Fix RCM Issues

Provider organizations should adopt new methodologies for revenue cycle benchmarks to understand staff effectiveness and where breakdowns are occurring. These include the following measures along with suggested percentages for optimizing

Read More »
Hidden Costs to Getting Paid link

Provider organizations should adopt new methodologies for revenue cycle benchmarks to understand staff effectiveness and where breakdowns are occurring. These include the following measures along with suggested percentages for optimizing

Read More »
Hidden Costs to Getting Paid

Provider organizations should adopt new methodologies for revenue cycle benchmarks to understand staff effectiveness and where breakdowns are occurring. These include the following measures along with suggested percentages for optimizing

Read More »