B R I E F | H E A LT H CA R E

Revenue Cycle
Management
Optimize processes to reduce
claim denials, ensure prompt
payments, and decrease costs

Old challenge, new complexities
Healthcare providers are no strangers to thechallenge of maintaining profitability while
meeting high standards of patient care.
According to the American Hospital Financial
Association, since the year 2000, morethan $576 billion in hospital bills have gone
uncompensated, due in large part to anincreasingly complex process of collecting
payments.

More than$576billion
in hospital bills have gone
uncompensatedRevenue cycle management in today’senvironment faces an array of challenges,
including:

Heightened
expectations frompatients as they playa larger role in thepayment process

Growing gaps
between payments
and billing

Increasingly complex
payment collection
processes

Large amount of timeand effort required touncover inefficiencies
manuallyUnderstanding revenue cycle
processes at ground level
These challenges demand new and creative
approaches to solve them. ABBYY enables
healthcare providers to easily discover, understand,and manage their revenue cycle management
processes more effectively. By using the datacontained within healthcare systems, ABBYY’sprocess intelligence platform builds end-to-end
digital models of your processes as they actually
execute on a day-to-day basis.
Process intelligence delivers the insights that
can help your organization to:
Reduce bad debt write-offs anddays receivables outstanding (DRO)by ensuring that steps are nevermissed, deadlines are met, and clinicalrequirements are followed.
Catch errors sooner with continuous
process monitoring.
Improve patient satisfaction bystreamlining payment processes andreducing the risk for errors.
Reduce costs by eliminating waste andincreasing efficiency.
Increase revenue by identifying andeliminating root causes of claim denials
and other nonpayments.
ABBYY intelligent document processing solutions
help you automate the capture and flow of data
in revenue cycle processes such as billing andclaims processing, accounts receivable and EOBprocessing, and even patient registration andrecords with EHR workflows.

ABBYY for revenue cycle management
ABBYY’s process intelligence platform uses the information contained within providers’systems — EHR, LIS, RIS, PACS, RCM, etc. — to create a visual model of their processes.
This real-world representation helps you understand what’s working, what’s not, and why,so that you can easily identify opportunities to improve.

D I S C OV E R I N G A N D
MAPPINGA N A LYS I S A N D
O P T I M I Z AT I O N

M O N I TO R I N G A N D
ALERTING

PREDICTION AND
FO R E CA S T I N G

Discover the ABBYY difference
ABBYY empowers hospitals, clinics,and other healthcare providers to easily
discover, understand, and manage
business process execution more
effectively with• End-to-end process visualization• Customer journey visibility• Intelligent document processing

Intelligent automation enables
healthcare organizations toaddress today’s financial andregulatory challenges while
maintaining high standards
for patient care. The ABBYY
approach ensures that technology
accelerates the organization
toward the achievement of its
goals, now and in the future.

• Greater efficiency• Compliance risk management• Continuous improvement

Learn more at ABBYY.com.

• Cost reduction

If you have additional questions, contact your local ABBYY representative listed under www.abbyy.com/contacts.
© ABBYY 2023. ABBYY is a registered trademark ABBYY Software Ltd. All other product names
and trademarks mentioned herein are the property of their respective owners. DS-219

abbyy.com