RPA adoption in healthcare is slender, even though it is the fastest-growing sector of the worldwide corporate software market. According to market studies, the robotic process automation (RPA) market is expected to reach $5 billion by 2024. The healthcare sector is expected to be one of the fastest-growing sectors during that time. Hence, it is not surprising that the healthcare systems contain multiple rule-based processes and generate a large amount of data.
RPA has truly turned to be an invincible power, eliminating all inefficiencies across the healthcare processes:
So What Does RPA Mean for the Healthcare Industry?
Multiple demanding tasks, such as claim handling, exist in healthcare systems and require a significant resource allocation. This results in high operational costs and delayed processes.
Using the potential of automation and RPA in healthcare practitioners can address these concerns and improve patient satisfaction by making healthcare systems and processes more efficient and faster.
Why is RPA important in Healthcare?
Robotic Process Automation is a guiding light for the healthcare giants as this industry is one of the most traditional businesses with maximum reluctance to modernize. Eliminating inefficiencies would result in better healthcare delivery, which is beneficial to both the industry and the general population.
Inefficiencies are unavoidable, but few confront the issues like stringent laws regarding patient data and a lack of resources to cope with them. Technology, especially automation, can empower the healthcare giants to strengthen their database management systems, allowing the workers to focus on the patient’s health rather than wasting time on documentation and other robotic tasks.
The funds for IT and healthcare services are all derived from the earnings of healthcare providers. RPA enables healthcare providers to avoid costly, long-running digital transformation implementation projects and gain quick results, allowing them to devote more resources to patient care.
What are RPA Use Cases in Healthcare?
- Scheduling Patients
Patients can make appointments without the intervention of hospital workers thanks to the use of RPA technology. In addition to eliminating the requirement for resource allocation for scheduling, this application can improve customer relations by allowing patients to schedule appointments more quickly.
- Management of Claims
Billing takes time after a healthcare service is performed because of the manual, mundane, and repetitive duties involved in the claim management process. Input, processing, and evaluation of documents and data are all part of claim management. RPA-led claim management can eliminate human errors during claim processing in addition to automating time-consuming operations. According to research, Medicare/Medicaid insurance fraud accounts for the bulk of false claims among all other types of insurance fraud in the United States. And automation helps eliminate these pivotal risks!
- Regulatory Adherence
RPA helps healthcare providers track and document each process step in structured log files to meet external audit requirements. In addition, RPA improves data confidentiality because bots handle these processes.
- Entry, migration, and extraction of data
The healthcare business is heavily reliant on paper records and is in desperate need of digital transformation. For example, patients’ information is being digitized by healthcare providers to be stored electronically and accessed online by other doctors and patients. RPA bots can automate the process of extracting data from legacy systems and entering it into digital ones. Then, when data needs to be migrated for another purpose, such as medical research, a specific RPA bot can take care of it.
What are the Benefits of RPA in Healthcare?
The following are the top benefits of RPA in the healthcare industry:
- Cost savings: RPA software costs a fraction of what healthcare firms pay workers to perform manual activities. According to the CAQH report, automating administrative duties in the revenue cycle may save the healthcare business $13.3 billion.
- Timely reminders: Patients are less likely to miss their appointments thanks to the automation of patient scheduling and appointment reminders sent by the RPA bot, allowing doctors to see more patients, increasing productivity and efficiency.
- Mitigating human error chances:Human error is eliminated because bots follow pre-programmed rules in rule-based operations. Thus, the rules-based procedure will be error-free if the programmer does not make any mistakes when writing code.
- Enrichment of Patient’s Experience:RPA bots automate front-office assistance and make it simple for the patient support team to handle patient inquiries. The use of robotic process automation (RPA) system in the front and back offices allows healthcare providers to provide better customer service.
- Enhanced employee satisfaction: Employee satisfaction may suffer from assigning tiresome jobs to the team, which can lead to higher employee turnover. As a result, there is more recruiting and onboarding, and employees are far less productive. With RPA, the workload is less, and employee satisfaction multiplies.
Read Also: 10 Tips for Successful Robotic Process Automation Implementation in 2021
What to Consider for a Successful RPA Implementation?
RPA implementations, like any other technological endeavor, can fail for a variety of reasons, including a lack of training, harmful use cases, omitting essential stakeholders, and more.
CIO proposes that firms adopt numerous best practices for a successful RPA deployment, including conducting extensive research, educating personnel, establishing a strong use case, and reviewing security.
Also, keep in mind that RPA is a very young technology with rapidly expanding potential to transform legacy operations. Therefore, organizations should first figure out what problem they want to tackle with RPA and which tools would help them get there.
Consider contacting us when building an RPA strategy, selecting a plan, and implementing tailor-made business solutions.