The Role Of Automation-Led Startups In Healthcare

Continuing from the previous article on the role startups are playing in automation led transformation in certain functions (like HR), in this article, we look from an industry lens, focusing on the healthcare industry.

Automation has been a catalyst in reinventing the healthcare industry. Along with Artificial Intelligence-led technologies, it has brought an unprecedented level of cost and performance efficiency, especially in back-office processes that previously required a high degree of manual intervention.

Needless to say, innovation is at an all-time high in the healthcare industry. According to a report by CB Insights, the startups in the healthcare AI space have raised over $100M.

Let’s understand the role of automation in the healthcare industry and look at some of the key areas where automation can impact healthcare:

• Revenue cycle management
• Patient appointment and reminders
• Patient admission and discharge
• Claims or appeals processing
• Personalized care marketing

A new survey by the National Center for Health Statistics has shown that ever since the2010 Affordable Health Care Actwas passed – the number of adults covered by health insurance has increased in excess of 20 million. However, despite the rise of automation, a large number of healthcare providers continue to rely on…