R1, a provider of revenue cycle management (RCM) services is teaming up with Automation Anywhere to incorporate their Robotic Process Automation (RPA) technologies into the healthcare revenue cycle. This move supports the industry’s call for digital transformation across hospitals, health systems and physician practices alike.
Benefits of Applying AI in Revenue Cycle Management
R1’s technology solutions currently leverage RPA, driving improved results for its clients, such as increasing net patient revenue and reducing RCM operational costs. As a Platinum Partner of Automation Anywhere, R1 believes this relationship will enable R1 to build on its work by expanding RPA use cases and accelerating the delivery of innovative solutions to enhance value to its customers.
The new collaboration backs efforts to reduce denial rates and operating costs, improve the patient financial experience, and generate operational efficiency through the application of an AI-driven platform – consisting of RPA, cognitive automation, and built-in analytics.
“We are delighted to welcome R1 as a Platinum Partner and continue our strategic value creation with R1 in the RCM space,” said Anubhav Saxena, Executive Vice President, Partnerships, Strategy and Operations at Automation Anywhere. “This is an important step to continuing to build Automation Anywhere’s market growth and provide domain-focused solutions. R1 is uniquely positioned to take advantage of our complete Digital Workforce platform, including RPA, cognitive automation, and analytics. This will help them transform healthcare RCM, continue to deliver superior results to current customers and improve the patient financial experience.”