Robotic Automation Streamlines Claim Status and Denial Management
Microbots support healthcare facilities by applying automation to many labor-intensive, costly and error-prone activities within Revenue Cycle Management
What are manual processes costing you?
12-20
minutes
on average per manual claim status check 1
16
minutes
on average per manual eligibility check 3
$9.01
average cost to providers for each claim checked 2
$8.07
average cost to providers for each eligibility check
Top Benefits
of Microbots within RCM
1
Maximizing revenue
2
Reducing costs and
increasing productivity
increasing productivity
3
Improving data quality
and processing speed
and processing speed
ROI
A Meridian revenue cycle management facility has shown significant cost and time reductions since implementing Microbots
33%
reduction in costs or claims follow-up
33%
reduction in aged accounts receivable from inventory
50%
reduction in time to follow-up
10.5
seconds
average Microbot processing per claim status and eligibility check
1, 2, 3 2019 CAQH Index
4 Results from 2019
