Healthcare Organizations Recognize Importance of AI for Reporting
Healthcare providers continue to recognize the value of using AI in reporting operations throughout the organization. AI has many strengths when applied to the healthcare industry:
- Automate routine, repeatable data analysis;
- Create data insights delivered directly to users;
- Build analytics, such as chatbots;
- Posit “what if” scenarios; and
- Identify data clusters, forecasting and anomalies using algorithms.
The final installment of MedeAnalytics President Scott Hampel’s series on the evolution of manual reporting to AI-powered business intelligence is available now. He discusses how AI is the ultimate tool to help healthcare organizations understand and act on their voluminous data.
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Due to rising healthcare costs and the Affordable Care Act removing the ban on capitated benefits coverage, numerous employers with self-insured health plans often purchase stop loss coverage. This coverage is not medical insurance; but rather, it’s a financial and risk management tool that protects the employer from excessive claims.
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Every patient has a plethora of data associated with their health record, which can include decades of enrollments, claims, accounts and charges. Much of this data is not housed within the same institutional, facility or provider database…
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