In the evolving field of hospital revenue cycle management (RCM), HealSpan is revolutionizing claims processing and patient care with advanced technology. HealSpan's cutting-edge solutions and strategic partnerships position it as a significant player in India's emerging RCM sector, the company says.
While India's RCM sector is still developing compared to more advanced economies, it is set to grow rapidly due to rising demand for efficient healthcare and insurance services. The market for RCM in India is estimated at around one billion dollars, with significant growth expected as the insurance sector matures.
HealSpan aims to improve hospital efficiencies and streamline collections through its tech-driven approach. The company enhances the claims process by ensuring document accuracy and maintaining communication with patients and hospital staff, leading to timely updates and precise claims processing.
By automating pre-authorization and discharge processes, HealSpan helps hospitals reduce delays and improve patient care. Its collaboration with Third Party Administrators (TPAs) further optimizes discharge times, boosting hospital efficiency and patient satisfaction.