New York, NY, August 09, 2019 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Jackie Chalarca, Director of Revenue Integrity at Moffitt Cancer Center will speak at a webcast entitled: “Optimize Health Care Revenue Cycle Operations with Robotic Process Automation (RPA) LIVE Webcast.” This webcast is scheduled August 20, 2019 from 12:00 pm to 2:00 pm (ET).
Robotic Process Automation (RPA) has proven to be an important technology for the automation of manual processes. Hospitals are implementing RPA to respond to the challenging environment that currently exists in health care. This advanced technology helps hospitals to streamline operations, reduce the time to complete tasks, improve financial performance, and lower labor costs. It is easily used for common tasks that can be replicated, like queries, cutting and pasting, etc.; however, can also be trained to automate more complex task including denials management, authorization management, claim edit resolution, and other processes.
How does it work? It uses custom programmed processes (robots) that have access to applications and data sources, including end-user health information systems, data input screens, and online application programming interfaces. These robots act as a revenue cycle representative who would normally complete these tasks. While other solutions require you to log into their system, Robotic Process Automation bots log into your systems.
Since RPA leverages artificial intelligence, the virtualization technology can be easily scaled and deployed across hospitals and various geographic locations.
The benefits are significant. When RPA is successfully implemented, it can result in:
§ Gather information from websites and other applications to integrate information directly into the HIS and submit pre-authorizations
§ Clean up eligibility mistakes including Government Managed Care eligibility
§ Respond to payor denials by generating online appeals automatically
§ Automate steps within manual processes to speed up human staff and improve productivity
§ Reduce manual data entry
§ Improved efficiency allows for data sharing between third-party processes and tools
§ Automate simple billing edit resolution
Organizations that have implemented have reduced costs by 30-70% depending on processes deployed. According to Becker’s Hospital CFO Report, some organizations have increased their team capacity from 35 to 200%, so they can focus on higher priority, problem-solving tasks.
About Jackie Chalarca
An accomplished professional with 20+ years of healthcare experience in financial analysis, planning, financial modeling and statistical analysis. Excel expert at generating financial reports using various database systems. Expert at data mining and data analytics. Expert knowledge of various healthcare payment methodologies, insurance contracts, cash flow analysis, capital evaluations, budgets and forecasts, operations, strategic market research, product line analysis and cost accounting.
About Moffitt Cancer Center
Moffitt Cancer Center is dedicated to patient care, research and education to advance fight against cancer. As the only National Cancer Institute-designated Comprehensive Cancer Center based in Florida, Moffitt employs more than 6,100, including some of the best and brightest minds from around the world.
About The Knowledge Group, LLC.
The Knowledge Group is a leading provider of Continuing Legal Education, CLE, for lawyers, Continuing Professional Education, CPE, for accountants and a variety of other types of continuing education for other professions. Our mission is to deliver quality continuing education programs utilizing industry trends and the latest technology to communicate regulatory shifts and contributions made to different fields. Our insightful and engaging webcasts are brought to you by leading influencers to offer a multitude of perspectives and outlooks.
In bringing together thought leaders, regulators, and subject matter experts from around the world, The Knowledge Group strives to be the best-in-class provider of continuing education. The experts we engage with analyze the latest trends, insights, and developments in their industries to bring forth content you can’t get anywhere else.
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