• Post Graduate Program in Banking and Credit Underwriting
    4.7 out of 5 by 1376 learners
    12 X industry demand
  • Post Graduate Program In Finance And Accounting
    Co-created with Grant Thornton
    4.9 out of 5 by 238 learners
    14 X industry demand
  • Post Graduate Program in Analytics and Artificial Intelligence
    Co-created with Coding Ninjas
    4.8 out of 5 by 4610 learners
    12 X industry demand
  • Professional Certification in FinTech
    Co-created with SP Jain School of Global Management
    4.6 out of 5 by 1250 learners
    6X industry demand
  • Credit Risk and Underwriting Prodegree
    Co-created with Moody’s Analytics
    4.5 out of 5 by 526 learners
    4X industry demand
  • Banking And Wealth Management Bootcamp
    4.7 out of 5 by 460 learners
    3X industry demand
  • Post Graduate Program In Capital Markets
    4.7 out of 5 by 807 learners
    3X industry demand
  • Certified Investment Banking Operations Professional
    4.8 out of 5 by 7600 learners
    8X indsutry demand
  • Machine Learning and Deep Learning Prodegree
    Co-created with IBM
    4.7 out of 5 by 2750 learners
    32 X industry demand
  • Post Graduate Program In Data Analytics
    4.7 out of 5 by 3600 learners
    14 X industry demand

The ripple effects of the COVID19 pandemic have been felt across industries at several levels. The healthcare industry wasn’t spared either, with essential healthcare workers moving to the frontlines to deal with the emergency. As a result, many organizations saw their back-end operations, such as appointment bookings and disbursement trackers, floundering.

However, there is a silver lining in this situation– it’s that technology has speedily been integrated into systems. Telehealth software has seen a surge in demand so as to prevent risks of exposure; healthcare disbursements are next on the list to be made easier.

Healthcare disbursements are traditionally tricky and convoluted processes; the pandemic has put further amounts of strain on the system and caused frustration, delays, and errors. However, machine learning in healthcare is a step forward in fixing disbursement delays.

Here’s how:

  • Moving from Checks to Digital Disbursements

A majority of disbursement systems around the world rely heavily on cheques and other outdated methods. However, this has become a point of friction at this time considering courier services have shut down and deliveries are very delayed. In such a scenario, the use of digital reimbursement options, bolstered by machine learning, is tempting.

Providers can facilitate faster payouts through DTC (direct-to-consumer) payments. By shifting the process online, providers will also be able to keep track of all patient and consumer data on one server. Machine learning can be used to pull up the relevant information, create automated disbursement setups, and ensure the consumer receives their disbursement digitally. The reduced reliance on paper payment processes will lessen the load on healthcare finance systems as well as get disbursements out to the right people in a flash.

  • Addressing Glitches in Systems

Several reports talk of misplaced cheques, incorrect deposit information, and several such kinks in telehealth and digital healthcare solutions being used today. Machine learning can be leveraged to iron out these kinks because, especially during a healthcare crisis, such errors can have a snowball effect on consumers and providers alike.

Providers who use machine learning systems to manage delays will be able to maintain strict records of past and future payouts. The system can be trained to collect the right deposit information as well as cross-verify with other records if required. The reliance on an automated system, in this case, equals to a lesser reliance on outdated methods of payout tracking.

  • Simplify User Experience

Claiming payouts and processing them can become a nightmarish experience for both patients and healthcare providers alike. Machine learning systems effectively reduce quite a number of manual steps which, in turn, saves time, money, and efforts. Machine learning can be leveraged to extract critical information from healthcare contracts, estimate how much is owed, and prepare the right documentation in time for a payout.

For patients, too, the process of claiming payouts become simpler. They will no longer have to fill out a myriad of forms and move from office to counter over days. Instead, by automating certain processes from the providers’ ends, patients can be called in only to verify details if necessary and to provide any other physical documentation the healthcare provider may need.

Conclusion

The healthcare industry will most likely see a surge in the adoption of machine learning and artificial intelligence. This will be across the board– from handling disbursements to automating admissions and discharges. Therefore, students who are interested in pursuing an artificial intelligence career would do well to explore this niche and develop the right skillset for it.

You can do this by enrolling in a machine learning course that focuses on the healthcare system, or take on related projects that could leverage your portfolio when it comes to it. The current strains on healthcare providers worldwide have exposed significant cracks in the system that machine learning could most likely fix.

For Online Course Enquiries
About Imarticus
Imarticus Learning is India’s leading professional education institute that offers training in Financial Services, Data Analytics & Technology. We’ve successfully transformed careers of over 35,000+ individuals globally through our Certification, Prodegree, and Post Graduate programs offered in association with leading and renowned global organisations in the Financial Services, Data Analytics & Technology domain.
Related course
  • Post Graduate
    Post Graduate Program in Banking and Credit Underwriting
    Course duration(6)
    Upcoming batches
    1
    Organizations enrolled
    20
    4.7 out of 5 by 1376 learners
    12 X industry demand
    Upcoming Batches
    Date Location Schedule
    Not Available MUMBAI Online
    Date Location Schedule
  • Post Graduate
    Post Graduate Program In Finance And Accounting
    Co-created with Grant Thornton
    Course duration(months)
    4
    Upcoming batches
    1
    Organizations enrolled
    20
    4.9 out of 5 by 238 learners
    14 X industry demand
    Upcoming Batches
    Date Location Schedule
    None DELHI Online
    Date Location Schedule
  • POST GRADUATE PROGRAM
    Post Graduate Program in Analytics and Artificial Intelligence
    Co-created with Coding Ninjas
    Course duration(Weeks)
    28
    Upcoming batches
    5
    Organizations enrolled
    20
    4.8 out of 5 by 4610 learners
    12 X industry demand
    Upcoming Batches
    Date Location Schedule
    8th August MUMBAI Weekend
    22nd August BANGALORE-MARATHAHALLI Weekend
    29th August ONLINE Weekend
    Date Location Schedule
    9th August THANE Weekend
    22nd August THANE Weekend
  • Prodegree
    Professional Certification in FinTech
    Co-created with SP Jain School of Global Management
    Course duration(Months)
    4
    Upcoming batches
    1
    Organizations enrolled
    20
    4.6 out of 5 by 1250 learners
    6X industry demand
    Upcoming Batches
    Date Location Schedule
    none ONLINE Online
    Date Location Schedule
  • PRODEGREE
    Credit Risk and Underwriting Prodegree
    Co-created with Moody’s Analytics
    Course duration(Months)
    3
    Upcoming batches
    1
    Organizations enrolled
    20
    4.5 out of 5 by 526 learners
    4X industry demand
    Upcoming Batches
    Date Location Schedule
    30th-May ONLINE Weekend
    Date Location Schedule
  • Certification
    Banking And Wealth Management Bootcamp
    Course duration(Months)
    2-3
    Upcoming batches
    1
    Organizations enrolled
    20
    4.7 out of 5 by 460 learners
    3X industry demand
    Upcoming Batches
    Date Location Schedule
    Not Available ONLINE Weekend
    Date Location Schedule
  • Post Graduation
    Post Graduate Program In Capital Markets
    Course duration(months)
    4
    Upcoming batches
    1
    Organizations enrolled
    20
    4.7 out of 5 by 807 learners
    3X industry demand
    Upcoming Batches
    Date Location Schedule
    Not Available ONLINE Online
    Date Location Schedule
  • Certification
    Certified Investment Banking Operations Professional
    Course duration(Months)
    2-3
    Upcoming batches
    16
    Organizations enrolled
    20
    4.8 out of 5 by 7600 learners
    8X indsutry demand
    Upcoming Batches
    Date Location Schedule
    4th July PUNE Weekend
    16th July BANGALORE-KORAMANGALA Weekday
    21st July HYDERABAD Weekday
    1st August MUMBAI Weekend
    7th August THANE Weekday
    8th August MUMBAI Weekend
    14th August BANGALORE-KORAMANGALA Weekday
    22nd August DELHI Weekend
    Date Location Schedule
    16th July MUMBAI Weekday
    17th July MUMBAI Weekday
    28th July THANE Weekday
    7th August MUMBAI Weekday
    8th August THANE Weekend
    8th August BANGALORE-KORAMANGALA Weekend
    14th August HYDERABAD Weekday
    29th August BANGALORE-KORAMANGALA Weekend
  • Prodegree
    Machine Learning and Deep Learning Prodegree
    Co-created with IBM
    Course duration(Months)
    4
    Upcoming batches
    1
    Organizations enrolled
    20
    4.7 out of 5 by 2750 learners
    32 X industry demand
    Upcoming Batches
    Date Location Schedule
    25th July HYDERABAD Weekend
    Date Location Schedule
  • Post Graduation
    Post Graduate Program In Data Analytics
    Course duration(Months)
    5
    Upcoming batches
    8
    Organizations enrolled
    20
    4.7 out of 5 by 3600 learners
    14 X industry demand
    Upcoming Batches
    Date Location Schedule
    14th August THANE Weekday
    16th August PUNE Weekday
    28th July PUNE Weekday
    17th August HYDERABAD Weekday
    Date Location Schedule
    14 August PUNE Weekday
    28th July DELHI Weekday
    17th August BANGALORE-KORAMANGALA Weekday
    14th August HYDERABAD Weekday