Robotics Process Automation Helps in Healthcare
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.
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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.
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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.
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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.
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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.
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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.
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