Most of the organizations are turning to automation to streamline and error-proof their billing systems. Moreover, increased digitalization in this segment, has accelerate the adoption of automation in the medical billing process. The medical billing and their respective coding contribute to establishing and categorize patient information that dictates the billing of Medicare and insurance companies. Medical billing is one of the significant parameters in healthcare revenue cycle management. The shift toward value-based solutions is encouraging healthcare companies to move towards the automated medical claims management solutions. With growing advancements in the healthcare industry, AI has become an efficient, faster, and inexpensive choice for claims management. The global healthcare claims management market was valued at USD 8.91 billion in 2021 and is expected to reach USD 11.80 billion by 2027, growing at a CAGR of 4.79%.Īrtificial Intelligence (AI) has transformed various industries across the globe and radically can alter the healthcare field. HEALTHCARE CLAIMS MANAGEMENT MARKET OVERVIEW
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