By A.J. Hanna
January’s announcement that Amazon, Berkshire Hathaway and JPMorgan would create a jointly led, independent healthcare company for U.S. associates certainly caused quite the stir in the market. This group of powerful executives and their companies are not the first, and won’t be the last, to attempt to influence the way healthcare is delivered and financed in this country.
As Amazon, Berkshire Hathaway and JPMorgan join forces to attempt to find better and cheaper healthcare solutions, one thing has become abundantly clear: the U.S. healthcare market is ripe for disruption. Thankfully, there are solutions already available today that can simplify healthcare and deliver significant organizational and cost efficiencies by automating core processes.
Currently, there are a variety of intelligent automation tools available on the market, one of which is Robotic Process Automation (RPA). RPA is an enterprise software tool that today’s most forward-thinking global enterprises are leveraging to automate routine, rules-based work. The tool has the ability to perform high-volume, transactional tasks in a more cost-effective and streamlined manner.
More often than not, this includes administrative back-office tasks, such as data entry and payroll processing, or any transactions that are based off a set of clearly defined rules. With tools like RPA, healthcare organizations can eliminate the time spent conducting manual, mind-numbing duties like researching eligibility, coverage, medical history and so on – thereby significantly reducing costs and increasing both speed and accuracy.