Many people who work in healthcare or depend on prescription medicines have probably experienced how slow and frustrating it can be to deal with health insurance claims. This is because a lot of the work is done by people typing things into computers, and there are often mistakes and delays in the process.
As per the report, around 52% of individuals have insurance claims, both personal and at the workplace. To make things better, many healthcare organizations are turning to smart computer programs, like robotic process automation, to help with all the steps involved in handling insurance claims. This is because there are many problems in healthcare, such as doing the same tasks over and over again, using old computer systems that don’t work well, missing important deadlines, and making mistakes when processing claims.
In our earlier blog, we discussed medicare payment processing using Automation, and now we will explore how automation can simplify healthcare insurance claims.
Understanding Healthcare Insurance Claims Processing Challenges
Traditional healthcare insurance claims processing can be slow and error-prone. Here are some common challenges:
Manual Data Entry-
Claims often involve entering large amounts of data manually, which can lead to errors and delays.
Complex Rules and Regulations-
Healthcare insurance claims are subject to a myriad of rules and regulations. It can be easy to miss something, resulting in denied claims.
The exchange of information between healthcare providers and insurance companies can be slow, leading to a long wait for claim approval.
High Administrative Costs-
The manual processing of claims is costly and time-consuming, driving up administrative expenses.
Enter RPA to Simplify the Healthcare Insurance Claims Processing
Robotic Process Automation (RPA) offers a groundbreaking solution to tackle the challenges confronting health insurance companies. RPA software robots emulate human actions and automate tasks that are rule-based and repetitive, leading to more efficient processes and higher accuracy levels. Let’s explore some of the ways in which AI-driven automation is transforming the landscape of health insurance claims processing
Key Features of Service Orchestration Automation:
Simplified Claims Intake
RPA plays a crucial role in automating the extraction of data from claim forms, eliminating the need for manual data entry. Using Optical Character Recognition (OCR) technology, AI bots swiftly capture relevant information from scanned documents. This not only reduces errors but also expedites the claims processing timeframe.
Improved Claims Adjudication
RPA thoroughly evaluates claims by comparing them against predefined rules, policy terms, and historical data to assess coverage eligibility and determine payment amounts. By automating this process, RPA ensures consistent and precise decisions, thus mitigating the risk of human errors and providing swift resolutions to policyholders and healthcare providers.