BC Advantage - 2025 Issue 6

How Artificial Intelligence Will Help or Hinder the Medical Revenue Cycle Process

Artificial Intelligence (AI) is revolutionizing multiple industries, including healthcare. One of the most critical areas within healthcare that AI is influencing is the medical revenue cycle process. The medical revenue cycle involves all administrative and clinical functions that contribute to capturing, managing, and collecting patient service revenue. This includes patient registration, charge capture, claim submission, coding, payment posting, and accounts receivable management. AI’s role in automating and optimizing this process has the potential to either enhance efficiency and revenue or introduce new challenges that hinder financial operations.   How AI Helps the Medical Revenue Cycle Process   Enhancing...

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