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This article was originally printed on the FortressIQ website and includes updates to reflect the company’s change in status. FortressIQ is now part of Automation Anywhere, and its offering is now our product, Process Discovery.
In today’s healthcare ecosystem, every health system, hospital, and physician is being asked to do more with less. Healthcare providers face increasing pressure to manage revenue, optimize utilization, and reduce costs. At the same time, they are being asked to prevent illness, optimize care, and improve patient outcomes.
From clinical decision support systems (CDSS) to electronic health records (EHR), not to mention the medical coding and billing applications, health systems have made massive investments in technology, and stakeholders are inundated with data. Despite having access to reams of information, they are often forced to make crucial operational decisions without complete insight due to disparate data, system silos, and operational inefficiencies.
Providers, as well as payers, must be able to better manage their business and clinical processes to meet their customer’s needs. Determining where and how to employ a quality improvement strategy is complex, but process intelligence can help professionals better understand and improve key processes that drive competitive advantage.
To understand and conquer your organization’s operations and end-to-end revenue cycle, you need a clear view of process intelligence. The healthcare revenue cycle is obviously more than just how money flows into your organization. The revenue cycle ultimately touches on every corner of the healthcare provider landscape—across dozens of systems, hundreds of processes, and untold workers. For your business, the first step is understanding how your revenue cycle operates so that you can quickly realize the potential value.
The effects of the pandemic may be receding, but continued healthcare disruption shows no signs of abatement. Simultaneous pressures to digitize, innovate, and scale your administration are being exacerbated by increasingly demanding patients, faster and more agile vendors, and constantly shifting healthcare business models and trends in payer preferences. Process optimizations and adjustments are required, but moving forward with incomplete or incorrect information can cause even more problems.
The Automation Anywhere Process Discovery solution quickly decodes work at every level, with no bias or blind spots, and no gaps. You can then use this process intelligence to optimize operations, automate repetitive processes, accelerate supply chains, increase compliance and controls, streamline logistics, and much more. Even if systems and processes change across brands, business lines, and regions, the solution provides continuous and comprehensive coverage so that you can identify risks, optimize work, and focus on sustainable growth.
Formerly with FortressIQ, Rahul is a director of product management at Automation Anywhere.
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