Hospitals and health systems are increasingly turning to AI to enhance their revenue cycle management (RCM) processes as healthcare execs shift their perspective on the role of the technology.
A survey of 101 healthcare leaders conducted by Sage Growth Partners on behalf of healthcare software developer Ingenious Med, found that more health systems, hospitals, and physician groups plan to invest in AI for RCM in the next one to three years in the expectation that AI will be widespread in revenue cycles within five years.
A third of those surveyed were CFOs and another 17% were vice president or director of Revenue Cycle. Forty-three percent were with health systems and integrated delivery networks and 25% were with physician groups. Thirteen percent were with an independent acute care hospital.
