Matt Seefeld, Chief Commercial Officer, MedEvolveMounting financial pressures for healthcare organizations mean sustainability hinges on reducing the cost to collect. Ongoing challenges associated with declining reimbursements, higher clinical and administrative costs and staffing shortages in the billing department leave providers without a lot of recourse for improving operational margin. Yet within the growing list of negative bottom-line issues, there is one area where healthcare leaders have some control to improve the outlook: increasing staff capacity by reducing the amount of touches it takes to get paid for services rendered.In an effort to streamline revenue cycle processes, many provider organizations are turning to the adoption of automation, analytics and AI to become more effective. A  2023 McKinsey analysis points to significant cost savings associated with these efforts to the tune of eliminating $200 billion to $360 billion of spending in US healthcare overall. In fact, healthcare executives named automation and AI as their highest investment priority for revenue cycle to speed payments and address staffing challenges in a 2024 Guidehouse survey.Like providers, the opportunity is not lost on health plans. Payers are rapidly adopting AI and automation to serve their bottom-line goals

Matt Seefeld, Chief Commercial Officer, MedEvolveMounting financial pressures for healthcare organizations mean sustainability hinges on reducing the cost to collect. Ongoing challenges associated with declining reimbursements, higher clinical and administrative costs and staffing shortages in the billing department leave providers without a lot of recourse for improving operational margin. Yet within the growing list of negative bottom-line issues, there is one area where healthcare leaders have some control to improve the outlook: increasing staff capacity by reducing the amount of touches it takes to get paid for services rendered.In an effort to streamline revenue cycle processes, many provider organizations are turning to the adoption of automation, analytics and AI to become more effective. A  2023 McKinsey analysis points to significant cost savings associated with these efforts to the tune of eliminating $200 billion to $360 billion of spending in US healthcare overall. In fact, healthcare executives named automation and AI as their highest investment priority for revenue cycle to speed payments and address staffing challenges in a 2024 Guidehouse survey.Like providers, the opportunity is not lost on health plans. Payers are rapidly adopting AI and automation to serve their bottom-line goals

As a new member of the HIMSS Digital Health Consulting Partner program, Guidehouse will employ several of HIMSS's key maturity models including: