Annual Report on Automation
AKASA Annual Report
This free, 17-page booklet provides insight into the state of revenue cycle automation in hospitals and health systems across the United States. The report was designed to shed light on the state of automation in healthcare revenue cycle operations; dynamics driving automation initiatives; and plans regarding future automation efforts within healthcare organizations.
The “Annual Report on Revenue Cycle Automation” includes discussion and insights on the following topics:
- Automation as a Future-State Mandate
- Challenges of Deploying New Technologies in a Pandemic
- Why the Type of Automation Matters
- How Automation Can Elevate Employees
- What to Expect in 2021 and Beyond
Insights from 580+ CFOs and Revenue Cycle Leaders
The report features results from a survey commissioned by AKASA and conducted through the Healthcare Financial Management Association’s (HFMA) Pulse Survey program. The survey was fielded between May 19, 2020 and June 22, 2020 among 587 chief financial officers and revenue cycle leaders at hospitals and health systems across the United States.
Automation In Demand
More than 66 percent of health systems and hospitals currently use some form of automation in their revenue cycle operations and more than 60 percent of the provider organizations that do not currently use automation plan to do so by the end of 2021. Survey results also show that more than 90 percent of financial leaders want automation solutions that are purpose-built for revenue cycle management.
- 66 percent of health systems use some form of automation
- 60 percent of provider organizations that do not currently use automation plan to do so by the end of the year
- 90 percent of financial leaders want automation solutions that are purpose-built for healthcare revenue cycle operations