Automate your claims processing

Timely and efficient claims management is one of the biggest challenges for healthcare providers. Robotic Process Automation technology is here to help.

A PROVEN HEALTHCARE AUTOMATION PARTNER:

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Automate your claims processing

Timely and efficient claims management is one of the biggest challenges for healthcare providers. Robotic Process Automation technology is here to help.

A PROVEN HEALTHCARE AUTOMATION PARTNER:

Cut claim processing time in half and never miss a deadline for submission.

According to McKinsey, efficient claims management is one of the biggest challenges for healthcare providers.

On the one hand, the process should be as fast and as accurate as possible. On the other, it involves multiple layers of administrative, managerial, and customer service functions, utilizes various tools, and is often slowed down by manual processing.

 

Biggest challenges for efficient claim processing in the healthcare industry:

Manual processing

Traditional claims processing depends heavily on the manual effort of your employees or outsourced contractors. This approach takes time and is prone to costly mistakes.

Interoperability issues & legacy software

Healthcare providers rely on old, inefficient systems and applications that often cannot be easily integrated via API.

Errors and mistakes

Manual claims processing often leads to human errors, many of which take additional times to fix.

Missed deadlines

Missed deadlines were the leading cause of malpractice claims in 2021. This translates to lost business and hurts the cash flow of healthcare providers.

Denied claims

Too often is a denied claim the result of a simple data entry error, missing information, or duplicate filing – a situation that could have easily been avoided.

Compliance violations

Changes in regulations can significantly impact processing. The more work you outsource, the greater the chance of violating compliance (e.g., HIPAA).

Streamlining claims processing with Robotic Process Automation

Healthcare providers consider claims processing the most desired type of automation, as it can significantly impact a company’s bottom line.

Many players are already implementing some level of automation, such as PDF scanning or primary data migration, still leaving plenty of room for the manual work of your employees.

Robotic Process Automation can be leveraged to build complex, end-to-end claims processing workflows. ​​RPA works at the presentation layer, integrating with all applications and systems, including legacy systems, without creating disruption. It is scalable according to necessities and has up to 100% robotic accuracy.

Automated Claims Processing With RPA

What elements of the claims management process can be automated?

  • Claims creation

  • Extracting claims from any given system

  • Filling out claim forms

  • Adding relevant medical codes

  • Claims prior authorisation

  • Claims validation

  • Submitting claim and sending it to the payer

  • Payouts

  • …any other part of the process you can think of!

Are you considering claims processing automation? Then, schedule a free consulting session with Flobotics.

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Considering automating your claims? Schedule a free consulting session with Flobotics.

Implementing Automated Claims Processing in the Medical Industry

No matter the country, the healthcare sector is a complex but vital system to its citizens’ general well-being. However, due to the healthcare system’s complex nature, managing data related to scheduling applications, clinical applications, enterprise resource planning (ERP), HR, radiography information systems, and third-party portals is usually overwhelming. And that’s not all; integrating these processes across the healthcare system is also very labor-intensive and challenging.

The healthcare system is so complex that, to guarantee seamless patient care delivery, there’s a need for stakeholders, insurance companies, and doctors, including the patient, to cooperate and work together fully. However, that has proven difficult due to the paperwork that continues to increase with the increase in healthcare patients.

To this end, many healthcare companies are beginning to adopt Robotic Process Automation (RPA) as an effective solution to the paperwork involved in hospital processes. And here is where automated claims processing comes in handy.

When integrated into a healthcare system, RPA effectively processes data in record time and addresses the challenges that result from human error. As a result, healthcare companies can increase operational efficiency, reduce costs, and rid their systems of human errors regarding data processing.

Hire RPA consultants and discover what value RPA can bring to your business.

Manual Claims Processing VS Automated Claims Processing

Claims processing is a detailed workflow involving many checkpoints that every claim must pass through before approval. When claims make it through all these checkpoints without issues, the insurer agrees and processes them for insurance payments. If it doesn’t, the claim is rejected and sent back for proper vetting and analysis.

Processing claims have been chiefly made manually for years. The automation solutions on the market were usually expensive and available only for extensive practices and billing providers.

RPA is changing the game – thanks to Robotic Process Automation, we can build small and effective automation on the budget and even for the smallest companies.

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Some of the benefits offered by automated claims processing over manual include:

Improved Processing Speed

Manual claims processing takes time because humans can only carry out a single claim. But, with the automation of claim processes, you have the advantage of time through computational power and multithreading.

Furthermore, automation enables healthcare workers to focus on other tasks and learn new skills, which increases productivity in the long run.

Improved Reliability

Automated claims processing assures that tasks are carried out on time and in an orderly sequence. In addition, reliability is unaffected as the absence of workers does not impede the progress of claim processing.

In situations where workers are stressed and tired, reliability is bound to reduce. For example, NCBI asserts that 75% to 90% of doctors’ visits to the clinic are stress and ailment-related cases. However, with the integration of RPA, doctors get enough time to relax and reliability increases.

Cost Savings

Not having to access every claim manually has allowed many healthcare companies to downsize their claims department personnel.

Reducing the number of employees translates to spending less on employees’ remuneration and salaries. With automation and fewer personal requirements, healthcare companies can save much money on recruitment. That’s not all; automation saves many healthcare companies the overhead costs incurred since fewer supplies and equipment will be needed.

Customer Satisfaction

Automation lessens the time spent attending to a patient and thus increases efficiency. When patients are attended to quickly and within a short time, they are mostly satisfied, and healthcare companies can easily compile the needed data.

Customer loyalty and trust often begin with satisfaction and establishing a solid base of long-term customers benefits your company’s growth. Above all, a satisfied patient is bound to recommend your healthcare company to the next sick person.

Read more about automation for improving the customer experience in your company.

The Checklist Before Automating Claims Processing

Claims processing automation has undoubtedly improved efficiency and reliability and reduced the time spent processing claims in the healthcare sector. However, to effortlessly achieve these results, certain conditions must be met before automating claims processing. Below is a checklist of things to consider before automating claims processing.

Ensure Your Business Processes As Efficient As Possible

Claim processing can easily be automated because they are predefined rules about what happens and to whom it happens. However, in a smooth transition from manual to automated claim processes, you must ensure all procedures are mapped out and improved.

This step is essential because leading with automation without ensuring the efficiency of your processes might make you miss dysfunctional systems ripe for improvement if it takes your organization 10 steps to process a claim, redesign it to 10 steps for easy automation.

Consider How Suitable Automation Will Be For Your Company’s Culture

Change is constant, but we tend to react differently as individuals. Automating claims processing can be a drastic change for organizations and customers alike. To avoid situations where an adaptation might prove hard to achieve, the following questions should be pondered, and suitable solutions are provided;

Will automated systems be a great addition to your worker’s capabilities?

Will effective working conjunction be between workers, customers, and automated systems?

How reliable and suitable will an automated system be for customer use?

Will a continuous improvement approach be maintained with automated processes?

Don’t Be In A Rush To Overhaul All Annual Claims Processes

You risk a lot when trying to automate all processes at once. It will be more difficult to isolate issues and fix them. Prepare and manage the existing systems in a way that integrating automation won’t make things complex. The whole idea of RPA in claims processes is to enable a streamlined workflow, not make life difficult.

Automate Workflows

Remember that RPA is designed to improve the workplace by rebranding business process management (BPM) automation and workflows.

In the past, RPA was only accessible to large enterprises that wanted to mitigate repetitive functions while cutting costs. Now, technology has had time to mature, and the adoption of virtual robots is becoming mainstream.

Ultimately, ensure that the software you select is user-friendly, abundant in features, possesses cross-device functionality, and is easy to use. Above all, endure that the RPA software that you choose can be well blended into the EHR system of your healthcare company or agency.

When it comes to RPA software, there are lots of options available in today’s market. This software can be customized to meet your specific requirements and goals. However, ensure to get one that will be easy to integrate into your system.

There is also an opportunity to provide holistic automation of your critical business processes that will hyper-boost your efficiency and increase profitability with Intelligent Automation.

How To Implement RPA into Claims Processing

Implementing Robotic Process Automation into claims processing in the healthcare sector is a process of first making a list of insurance steps at the front-line employee level.

These steps and actions are input into a computer or other electronic devices and then used to automate data movement across the system. For example, your staff usually implements insurance RPA or IT consultant as “blueprints” to automate scripts operating across various systems to process data.

We recommend that you don’t purchase RPA software until you’re sure of the functions of the bots and the licenses needed for the use case.

Implementing Robotic Process Automation into claims processing may look complicated, but it isn’t. Follow these simple steps to get started;

Step 1: Take note of the sub-processes on the process map where RPA robots can be integrated

Step 2: Evaluate and prioritize the entire insurance use cases and sub-process to know which gives the highest advantages.

Step 3: Lastly, document and devise the rules, keystrokes, and requirements for the use cases that the bot must manage and oversee.

Use-cases of RPA in the Healthcare Industry

Appointment Scheduling

With the integration of RPA technology, patients can schedule appointments without help from a healthcare professional. Aside from terminating the need to allocate resources for scheduling, integrating RPA inspires customer satisfaction since patients can get an appointment quickly.

Claim Management

After healthcare services are offered, billing usually takes some time due to the repetitive nature of claim management processes. These processes can include inputting, processing, and analyzing data and documents. By integrating RPA into the healthcare system, time-intensive tasks are effectively automated, reducing claim processing time. But that’s not all; automated claim management eliminates human errors and omissions during claim processing.

Regulatory Compliance

RPA allows healthcare professionals to document and track every step in structured log files such that healthcare companies can comply with external audits. With this process being carried out by RPA bots, data confidentiality and credibility are guaranteed.

Data Entry/Migration/Extraction

Many healthcare companies still rely on administrative paperwork hence the need for digital transformation. Patients’ information can be electrically stored and accessed online by the patient and doctors through the integration of RPA.

RPA can extract data and information from legacy systems and store those data in a digital strategy. And if data migration for another objective like medical research is required, another RPA bot will oversee the migration process.

Industry Agnostic Use Cases

Expense management, accounts payable, and so on are prevalent across all sectors, and RPA can automate them.

Find out the Robotic Process Automation use cases in healthcare by Flobotics!

Conclusion

Robotic Process Automation as a solution to automating healthcare medical claims management is an effective way of streamlining the entire lifecycle process of claims submission. Be it the validation of data via technology, ease of electronic data entry, or flexibility of error being noticed and flagged before submission, the advantages of RPA are endless.

At Flobotics, the automation processes we provide are remarkable. With our group of experts, we centralize healthcare data and operations while offering the flexibility to scale up or down. Be it automating claim processing, HIPAA compliance, or security practices, we are the best at what we do.

Let’s start with insurance claims automation!

The RPA is disrupting the medical industry. Are you ready to join the race?