Robotic process automation (RPA) strengthens finance systems in US hospitals
Healthcare firms are integrating RPA to help ensure speed, accuracy and uninterrupted financial performance
Add bookmark
US healthcare organizations are increasingly adopting robotic process automation (RPA) to simplify finance operations and minimize errors as they deal with the dual challenge of rising costs and increasing administrative complexity, according to IBN Technologies.
The combination of strict regulations and mounting administrative work is making it harder for healthcare finance teams to maintain smooth operations. To overcome these pressures, many firms are integrating RPA to help ensure speed, accuracy and uninterrupted financial performance.
Join the PEX Network community
Don't miss any news, updates or insider tips from PEX Network by getting them delivered to your inbox. Sign up to our newsletter and join our community of experts.
Learn MoreRPA is transforming healthcare financial processes
Healthcare staff are reporting exhaustion and delays, particularly with labor-intensive functions like billing, compliance and claims processing, stated IBN Technologies. Healthcare organizations are adopting RPA tools to enhance financial management and reduce strain on in-house teams.
This shift improves compliance, reduces manual errors and accelerates high-volume processes. Benefits include faster turnaround times, improved visibility into revenue streams and streamlined handling of financial complexities.
For example, California-based hospitals have applied RPA to automate everyday financial operations. Outcomes included a 30 percent improvement in turnaround speed, real-time data enhancements in 40 percent of units and a 25 percent reduction in support-related expenses, according to IBN Technologies.
In Ohio, a healthcare network used RPA to optimize billing, patient intake and claims handling. This resulted in a 25 percent reduction in overhead costs, 40 percent higher accuracy in data capture and over 30 percent quicker completion of routine tasks.
Register for All Access: OPEX Operational Excellence 2025!
The RPA market is evolving
Analysts view RPA as a strategic response to regulatory demands and persistent workforce shortages, making it vital for sustainable performance.
The global RPA market is projected to reach a value of US$46.66 billion by 2034, growing at a CAGR of 23.13 percent, according to data from The Research Insights.
“The RPA market is at a pivotal inflection point,” said Arthur Villa, senior director, analyst at Gartner. “In 2024, the market generated $3.8 billion in revenue representing a healthy 18 percent increase YoY. However, [artificial intelligence] AI innovations have introduced alternatives to traditional deterministic RPA along with the rise of enterprise automation platforms such as business orchestration and automation technologies (BOAT).”
RPA success factors
The most important success factors of RPA span strategy, technology, people and processes. They include:
- Clear process selection
- Executive sponsorship and stakeholder buy-in
- Strong governance and change management
- Scalable and secure RPA infrastructure
- Skilled teams and collaboration
- Continuous improvement and maintenance
- Integration with broader automation strategies
Accelerating business transformation with bespoke solutions on ServiceNow App Engine
Today, off-the-shelf software solutions offer diverse features that enable vast opportunities to implement and maintain business transformation. However, in some circumstances, capabilities lack the flexibility and specificity required to address the unique challenges and workflows of individual organizations. As a result, there is a growing shift toward bespoke application development – custom-built solutions that align precisely with strategic goals and operational demands.
Download this report to explore how enterprises can harness the power of custom applications to drive meaningful transformation. With the growing adoption of low-code platforms like ServiceNow App Engine, organizations are building custom applications faster and with greater control. By empowering both IT professionals and citizen developers to build tailored solutions, organizations can significantly reduce time to value while maintaining control over quality and compliance.
Download Now