Global Covid-19 Pandemic has accelerated major trends driving US healthcare both patient care and Revenue Cycle Management. Many digital innovations, AI-enabled tools and technological advancements to improve process automation and reduce human intervention have become part of US healthcare to cater the need of the hour.
With the pandemic and social distancing Telemedicine and digital patient care have become the primary mode of healthcare services. Remote monitoring of patients, Digital Therapeutics, Home tests are a few novel trends from 2021. US Healthcare Trends is in its top-notch ever since the outbreak of the global pandemic effects. Patients, Physicians and all staff involved in healthcare sectors are enforced to adapt to the technological evolution, thus creating a new era of renaissance for US healthcare.
Apart from Patient care, AI-enabled algorithms have been used in Medical Billing and Revenue Cycle Management as well. Claims processing has accelerated with the new technological growth. The majority of the RCM scope of services like Insurance Verification, Medical Coding, payment posting, claim status verification and reminders on insurance follow-up are automated reducing manpower requirements and cost to labor services and error clearance. AI integrated claims processing has proved to produce higher quality claims submission increasing the first pass rate comparatively.
Day to day changes owing to the global pandemic and work from home set up has drastically reduced the manpower resources at all business sectors including healthcare. Lack of adequate staff to handle daily core has been an ongoing issue during and post-pandemic, however technological upgrades and intervention of AI-enabled tools in healthcare and medical billing has emerged as a perfect solution with reduced requirement of staff and efficient process.
With the after-effects of COVID 19 and the global pandemic in 2022 and with the uncertainty of the circumstances, the most suggested approach towards efficient and better Medical Billing is to adapt to the process upgrades as these investments earn maximum returns and expected results in shorter turn-around-time (TAT). However, the best option would be to partner with an offshore-based Medical Billing Company to leverage on their cutting cost model or services to keep your unexpected financial outruns at bay. With the financial downfall over the last two years, investing or keeping the expenditure controlled has to be a cautious effort.
To offshore outsource Medical Billing and Revenue Cycle Management Services or to know more about their benefits, reach out to Ecare.
About e-care
Ecare is one of the top medical billing companies in India. Being a part of US healthcare, Ecare has proved to be the best offshore medical billing outsourcing partner to more than 100+ Clients across the US with high client retention who has been working with Ecare for more than 2 decades. Ecare ensures to work as a virtual back office to meet all your billing and coding needs. To know more about the benefits of outsourcing to ecare log on to www.ecareindia.com