Automated EOB Processing, OCR, and Faster Data Access: The Future of Automated Healthcare IT
The healthcare leaders of the future will be those organizations who adopt technologies aimed at driving process efficiency before their competitors. Automated EOB processing software, forms automation, and file compression and OCR technologies are key areas in which healthcare providers can invest to produce swift ROI and huge long-term cost reductions in their document-based processes. Critically, process efficiency adds value beyond cost reduction to enable healthcare providers to offer better, faster care for their patients.
Key Benefits of Automated EOB Processing:
- Reduces EOB processing time and costs through automated data entry
- Enables healthcare organizations to provide more value to patient by minimizing resources necessary for managing paperwork - generating competitive advantage
- Allows clients to understand and apply insurance funds to the appropriate departments rapidly and reliably
- Reduces form processing errors inherent to manual handling
- Creates fully text-searchable documents for instant retrieval of information by keyword search
- Produces real ROI through reduced data entry and faster document processing
Connected Health: Emerging Online, Real-Time Healthcare Trends
Within the healthcare industry, there is a trend toward a more value-based approach to patient care. For example, connected health, or cHealth, is an emerging form of patient care that focuses on online chats, visits and real-time healthcare with professionals. Such tools like the Amwell app (“The doctor will see you, now”) and the online therapy app Talkspace (200,000+ users to date) are leading applications of cHealth in today’s healthcare landscape.
File Compression and OCR: Healthcare’s First New Competitive Edge
CVISION offers PdfCompressor to compress and OCR scanned images and electronic documents efficiently. With compressed, text-searchable EOB forms, e-prescriptions, electronic health records, and other documents, healthcare providers can share and download important files faster, and use keyword search to instantly locate critical patient data. File compression and OCR help healthcare organizations to access health information more efficiently and in turn help their patients faster. PdfCompressor’s OCR also reduces the risk of information loss by indexing documents, giving healthcare providers a fuller picture of the patient’s background and enabling them for more effective treatment.
Automated EOB Processing and Data Extraction: Healthcare’s Second New Competitive Edge
Automated EOB processing and forms automation technologies enable healthcare providers to compete in and with the emerging cHealth space. CVISION’s Trapeze is a forms automation tool that minimizes the need for human processing of forms such as Explanation of Benefits documents, utilizing a highly accurate data extraction engine to process electronic health records efficiently. Again, with a streamlined, automated process in place for processing patient information, healthcare providers can spend more time and resources on what matters most: caring for the patient. Leaders in the future of healthcare will be those organizations who leverage data extraction technologies to stay nimble and provide greater value to their patients. Companies who rely on slow, costly, and error-prone manual data entry will lose their patients and their business to their more technologically savvy competitors.