September 12, 2024- Sage Growth Partners (Sage), a healthcare growth strategy and marketing firm with expertise in market research, has announced new data findings that indicate where health systems, hospitals and physician practices are planning to invest for future revenue cycle success. Sage was commissioned by Atlanta-based Ingenious Med to conduct an independent, double-blind survey of 101 industry leaders. The survey results overwhelmingly revealed that healthcare executives are experiencing a marked shift in their thinking about AI for improving revenue cycle management (RCM).
More health system, hospital, and physician group leaders indicated that they are planning to invest in AI for RCM within the next 1-3 years and are expecting AI to be widespread in revenue cycles in 5 years. Survey participants also recognized the power of AI to effectively address some of the most pressing RCM issues including patient payment estimations, coding, charge capture, cash flow, payer payments and denials prevention/management.
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