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Robotics Process Automation Helps in Healthcare

RPA technology uses the existing infrastructure used by your organization without asking for its own which makes it easy to adapt. However, as per the industry experts, it demands a proper design, planning, and maintenance to optimize and enhance the business processes

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Robotics Process Automation Helps in Healthcare

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  1. Robotics Process Automation Helps in Healthcare

  2. What is Robotic Automation? Robotic Process Automation is one sector of business process or automation technology that allows us to configure computer software or a robot or artificial intelligence (AI)/digital workers to understand, follow, and combine the actions of a human interacting within digital systems to execute a business process. When RPA was missing as a technology in the market, the traditional ways included the developers to produce different actions that needed automation by getting into the back-end of the system using application programming interfaces or scripting languages. Whereas now with the RPA system, it itself develops a list by observing the user's task in the graphical user interface and then performs automation. With the help of RPA systems, the barrier to use automation in products decreases and is very much similar to that of GUIs (graphical user interface) testing tools. 2

  3. RPA in Businesses RPA helps streamline business processes by increasing the pace of data processing and reducing the occurrence of errors. Not just this, it also helps in directing the recovery of revenue. Many business owners and companies are adopting RPA as a source of reducing errors and speeding up their operations by using RPA as a source to cover repetitive tasks effectively in less time. KPMG estimates the value of the global IT robotic automation market to reach roughly $5 billion this year. RPA technology uses the existing infrastructure used by your organization without asking for its own which makes it easy to adapt. However, as per the industry experts, it demands a proper design, planning, and maintenance to optimize and enhance the business processes. Many corporates are using RPA for its provision of the higher value of work which is optimized and free of errors. However, Forrester Research estimates that RPA software will threaten the livelihood of 230 million or more knowledge workers or approximately 9 percent of the global workforce. 3

  4. This makes it a bit of an issue for companies to adopt RPA just to check if bots and automation of processes work better than humans or are worth the hands working on systems. Moreover, the outcomes regarding the economic investment in the RPA implementations hold less of an assurance. It might be assured that it automates 30 percent of tasks for the majority of professions, on the other hand, it doesn’t exactly turn that into 30 percent cost reduction. 4

  5. RPA in the Healthcare Industry RPA tools are of great help in the healthcare sector as they help in extracting and optimizing patient's data effortlessly and efficiently. Its usage has definitely provided a lot of aid in the sector. Though RPA provides updating of the electronic medical records, analyzes plus simplifies claims processes, and handles staffing levels, it is not that much of a trend adopted by the Healthcare industries. RPAs utilization in the healthcare sector includes: • Simplifying claims processes: These claims include data processing, input, and evaluation. Operations such as data processing come under the most time-consuming tasks and if an error occurs during the process, it takes double time and effort to cover it. Hence, RPA helps in maintaining and data processing at a quick pace without errors and with quick recovery. • Scheduling Patient’s Appointments: RPA helps in scanning the data of the new patients when they fill out the forms online and directs it to the right queue of work. • Improving Healthcare Cycle: It helps in extracting and optimizing the patient’s data in a better way without giving in a lot of effort or time. 5

  6. RPA Market Analysis RPA being the application of technology has a huge demand in certain industries in the market. Robotic Process Automation (RPA) Market is estimated to reach USD 2,467.0 million by 2022, at a CAGR of 30.14% between 2017 and 2022. The Robotic Process Automation can be implemented and used by many businesses and departments to automate numerous processes such as customer, vendor onboarding, employee, order processing, data processing, report aggregation, and payroll processing. The combination of RPA with technologies such as AI, NLP (Natural Language Processing), machine learning, speech recognition, enables it to handle tasks that are complex in nature and is able to assist in decision making without the help of humans. Robotic Process Automation market is anticipated to reach USD 25.56 Billion by 2027. The demand for automating the processes in order to save time and reduce operational costs is driving the market growth over the forecast period. 7

  7. RPA Market Analysis Whereas, the BFSI segment is anticipated to grow at a CAGR of 40.1% over the forecast period. North America is the dominant region in the market and held a market share of approx. 37% in 2019. As for the fastest-growing market is considered, Asia-Pacific is growing at an exponential rate due to the fast adoption of technology and digitization. 8

  8. About ExpertsConsult ExpertsConsult is a technology-driven platform that uses advanced techniques including Artificial Intelligence to search and match industry experts based on the required insights. Our system evaluates more than 30 data points to find the right expert from our database. ExpertsConsult helps professionals to connect with experts and seek consultation to overcome business and operational challenges, gain market insights, develop skills, and test ideas. With a strong global network of experts across industry groups and sub-groups, ExpertsConsult is able to offer quick and on-demand insights to clients worldwide. Not just that, we also have a dedicated team of researchers that will help you find an expert matching your requirement through our custom recruitment process. Since our founding, ExpertsConsult has been connecting professionals with subject matter experts across fields. Today we make professionals gain smarter insights by connecting them to our network of more than 50,000 experts, including industry experts, analysts, consultants, academics, retirees, and also subject matter experts. We serve professionals from research firms, management consulting firms, corporations, and other professional services firms. 9

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