Advancements in automation are cutting into the rising costs

Advancements in automation are cutting into the rising costs of manual healthcare transactions


Advancements in automation are cutting into the rising costs of manual healthcare transactions
Prior authorizations in particular are a complex, time-consuming function that would be well served by technology.
, Associate Editor
Inefficiency is an issue that continues to plague many areas of healthcare, particularly when it comes to manual administrative functions. While the industry is increasingly harnessing technology – evidenced by the use of telehealth and the push for electronic health record interoperability – administrative complexity continues to be burdensome, and largely paper- and fax-driven. This essentially means cost savings are being left on the table.
Healthcare technology and research firm CAQH recently released a report detailing the extent to which savings could be achieved by adding automation and AI-powered tech to this administrative morass. While the industry has so far avoided about $122 billion in costs by streamlining certain processes, there now exists an opportunity to save an additional $16.3 billion by fully automating certain manual transactions.

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