Build Automated Claims Processing Workflows

Introduce Robotic Process Automation to your claims processing and streamline RCM operations.

A PROVEN HEALTHCARE AUTOMATION PARTNER:

Build Automated Claims Processing Workflows

Introduce Robotic Process Automation to your claims processing and streamline RCM operations.

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 other hand, it’s the part of Revenue Cycle Management automating which can yield the highest returns on investment.

Elevate Your RCM with Automated Claims Processing

06. Claims Processing

Claims Creation

Automate claim creation in any given system your company is using.

Filling out Claims

Extract patient data from any given system, assign correct billing codes, and insert it in the claim.

Claims Validation

Perform error checks and review the claim before submitting it to the payer.

Claims Submission

Submit claims to payers by interfacing with clearinghouses and ensure timely filing.

Claims Creation

Automate claim creation in any given system your company is using.

Filling out Claims

Extract patient data from any given system, assign correct billing codes, and insert it in the claim.

Claims Validation

Perform error checks and review the claim before submitting it to the payer.

Claims Submission

Submit claims to payers by interfacing with clearinghouses and ensuring timely filing.

HOW DOES IT WORK IN PRACTICE? [PTCoA CASE STUDY]

End-to-End Claims Submission Process Automation

Pain Treatment Centers of America is Arkansas’s largest fully comprehensive pain management practice network. Our software bots fully automated their claims processing workflow, freeing up employees precious time and generating 100% Return on Investment in less than a month!

Watch the RPA bot automatically submitting claims in PrognoCIS EHR system.

23 days

To achieve 100% ROI

4 FTEs

monthly saved

2 weeks

of development

$180K

of savings on initial launch

Why RPA for Claims Processing and Automating Your Claims Management?

RPA cuts down average claims processing time by 50%

RPA can automatically process claims with 99.5% accuracy, eliminating mistakes and denials

Take manual claims processing off your employees’ shoulders so they can focus on tasks that matter.

Stay compliant with payer rules and regulations, reducing future denials.

We build automated claims processing workflows for healthcare.

Schedule a free consulting session and see the live demo of your potential use case.

Photo of Filip Nasiadko - CEO of Flobotics

We have streamlined processes for

Faster Revenue Cycle

RPA cuts down average claims processing time by 50%.

Lower Denial Rate

RPA can automatically process claims with 99.5% accuracy, eliminating mistakes and denials.

No More Manual Work!

Take manual claims processing off your employees’ shoulders so they can focus on tasks that matter.

Improved Compliance

Stay compliant with payer rules and regulations, reducing future denials.

We build automated claims processing workflows for healthcare.

Schedule a free consulting session and see the live demo of your potential use case.

Photo of Filip Nasiadko - CEO of Flobotics

We have streamlined processes for

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.

Automate boring sh*t in healthcare!

Read the RPA whitepaper for the medical & healthcare industry.

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.

What are the benefits of claims automation?2024-01-29T22:58:18+01:00

Claims automation brings several benefits to RCM processes. It improves efficiency, accuracy, and speed by streamlining the claims processing workflow. Automation reduces manual effort, minimizes errors, and accelerates reimbursements for healthcare providers. Additionally, it helps save costs by eliminating repetitive tasks, enhances revenue by optimizing reimbursements, and ensures compliance with coding guidelines and regulations.

What are the steps in processing a claim?2024-01-29T22:55:39+01:00

The claim processing steps encompass patient registration, eligibility verification, coding, claim creation, claim submission, adjudication, payment determination, payment posting, and denial management. By eliminating manual intervention and leveraging technology, claim processing becomes more accurate, efficient, and streamlined, ultimately benefiting both healthcare providers and patients in the realm of RCM.

How can RPA support the processing of claims?2024-01-29T22:46:19+01:00

RPA can offer substantial support in claims processing by automating repetitive and rule-based tasks inherent in the claims process. It adeptly extracts data from sources like EHR or insurance databases to populate claim forms with precision and efficiency. Additionally, it conducts eligibility checks, validates claim information, and manages claim submissions to insurance companies. Through the reduction of manual effort and human error, RPA facilitates faster claims processing, enhances accuracy, and boosts overall efficiency in RCM.

Bring Automated Claims Processing to your Company

Contact us to explore the benefits of RPA in streamlining your RCM workflows.

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