Complementary Guide Provides Practical Considerations for Selecting Automation Technology Best Suited to the Unique Challenges of Revenue Cycle Management.
February 9, 2021 — South San Francisco, Calif. —Today, Alpha Health, the first Unified Automation™ company for revenue cycle management in healthcare, published its “Buyer’s Guide to Healthcare Revenue Cycle Automation.” The free, 28-page booklet is meant to serve as a thoughtful guide to purchasing and deploying effective automation solutions within healthcare revenue cycle operations – from industry best practices to the variables that may be unique to individual organizations. This complementary resource can help decision makers navigate beyond the jargon and buzzwords surrounding artificial intelligence and machine learning to make informed buying choices. The guide can also help set practical expectations any organization should have of effective partners in automation. The healthcare revenue cycle is a highly complex and dynamic industry, one that requires automation partners with meaningful expertise in revenue cycle operations and a flexible platform for performing work.
“Over the past several years, we have seen a significant focus on digital transformation efforts in healthcare Business dynamics driven by COVID-19 have only intensified this focus,” noted Malinka Walaliyadde, co-founder and CEO of Alpha Health. “As a result, automation in revenue cycle operations has transitioned from an aspirational ‘nice to have’ to a mission-critical driver of efficiency and cost effectiveness for providers.”
In a recent survey of more than 500 chief financial officers (CFOs) and revenue cycle leaders at health systems and hospitals across the country, more than 66 percent say their organization is actively using or implementing automation tools in their revenue cycle operations today. The survey was commissioned by Alpha Health and conducted by the Healthcare Financial Management Association’s (HFMA) Pulse Survey program.
“The opportunity going forward for provider organizations is to expand their ambitions and scope for automation,” added Walaliyadde. “Instead of identifying dozens of small, discrete use-cases and never getting past the first few due to high setup and maintenance costs, it’s now time to take a more comprehensive approach. It is time to move towards foundational end-to-end automation for entire functions will drive giant leaps in efficiency.”
The “Buyer’s Guide to Healthcare Revenue Cycle Automation” provides an in-depth look at the automation process; how to understand the total cost of ownership for automation solutions; and how to ensure transparent pricing is tied to meaningful business results, among other considerations. Specific topics include:
- The Automation Process
- A Road Map For Automating Revenue Cycle Operations
- A Look At Traditional Technologies And New Solutions
- How to Evaluate AI Solutions
- Why Human Judgment And Subject Matter Expertise Are Critical To Automation
- Maintenance Matters
- Demand Pricing Transparency
- Security and Compliance Considerations
A complementary copy of the “Buyer’s Guide to Healthcare Revenue Cycle Automation” can be downloaded at: https://alphahealth.com/buyers-guide-to-automation/
About Alpha Health
At AKASA we believe every dollar spent on healthcare matters because healthcare matters to everyone. The first Unified Automation™ company for healthcare, Alpha Health uses the same machine learning approaches that made driverless cars possible to provide health systems with a single solution for healthcare revenue cycle management. Alpha Health’s proprietary Unified Automation™ technology operates within a healthcare system’s existing electronic health record and revenue cycle infrastructure. Alpha Health’s Unified Automation™ brings together the best of people, data and technology to efficiently, accurately and autonomously navigate the complex state of medical reimbursement in the United States. This enables health systems to reduce their cost of care and be better stewards of the healthcare dollar. Alpha Health is based in the heart of Silicon Valley. Learn more at www.akasa.com.
Head of Corporate Communications