MDaudit’s CEO, Ritesh Ramesh shares on the Monitor Monday Podcast (the weekly Podcasts produced by RACmonitor) – why keeping humans in the loop is the best strategy for preventing negative outcomes and tackling the immense challenges of today’s healthcare RCM departments.
Artificial intelligence (AI) is fast becoming a fixture in healthcare revenue cycle management (RCM), where finance leaders are desperate for ways to relieve understaffed departments struggling under unprecedented volumes of third-party audit demands and rising denial rates without sacrificing accuracy or precision.
At a time when RCM staffing shortages are high, AI provides a critical productivity boost. By investing in data, AI, and technology platforms, compliance and revenue integrity departments have been able to reduce their necessary team size by a third while performing 10 percent more in audit activities, compared to 2022, according to our 2023 Benchmark Report.
The true strength of AI lies in its ability to sift through millions of data points, identifying outliers and critical patterns. MDaudit’s CEO, Ritesh Ramesh shares on the Monitor Monday Podcast- why keeping humans in the loop is the best strategy for preventing negative outcomes and tackling the immense challenges of today’s healthcare RCM departments.
In case you missed it – listen to all the insights from The Human Touch at the Intersection of Artificial Intelligence and Denied Claims on the following platforms –
Apple: https://lnkd.in/gxQq6i-j
Spotify: https://lnkd.in/g3CmuVPW
