{"id":48789,"date":"2020-09-18T13:31:28","date_gmt":"2020-09-18T20:31:28","guid":{"rendered":"https:\/\/cm-edgetun.pages.dev\/en-us\/industry\/microsoft-in-business\/?p=48789"},"modified":"2020-09-23T13:18:47","modified_gmt":"2020-09-23T20:18:47","slug":"consolidate-and-automate-how-health-payors-can-create-a-more-efficient-future-in-the-cloud","status":"publish","type":"post","link":"https:\/\/cm-edgetun.pages.dev\/en-us\/industry\/microsoft-in-business\/business-transformation\/2020\/09\/18\/consolidate-and-automate-how-health-payors-can-create-a-more-efficient-future-in-the-cloud\/","title":{"rendered":"Consolidate and Automate: How health payors can create a more efficient future in the cloud"},"content":{"rendered":"

\"man<\/p>\n

The Microsoft team is increasingly focused on tailoring solutions for the healthcare industry, as evidenced by our recent announcement of the\u00a0<\/span>Microsoft Cloud for Healthcare<\/span><\/a>.<\/span>\u00a0<\/span>T<\/span>his<\/span>\u00a0dedication<\/span>\u00a0includes creating solutions that make it easier for healthcare payors\u00a0<\/span>to\u00a0<\/span>run their business efficiently and deliver high-quality experiences to members.<\/span>\u00a0<\/span><\/p>\n

The migration of software solutions to the cloud represents more than just a shift in technology; it\u2019s an industry-wide evolution toward more connected and empowered decision making. With this shift comes an opportunity for healthcare payors to leverage next-gen technologies and transform how they operate<\/span>\u00a0and improve care for members<\/span>.<\/span>\u00a0<\/span><\/p>\n

ERP solutions like Microsoft Dynamics 365 Finance go beyond traditional accounting systems\u00a0<\/span>and\u00a0<\/span>deliver best-in-class, scalable solutions that consolidate\u00a0<\/span>financial data across the en<\/span>terprise<\/span>,<\/span>\u00a0<\/span>and automate\u00a0<\/span>inefficient business\u00a0<\/span>processes to simplify the experience for finance professionals.<\/span>\u00a0<\/span><\/p>\n

Consolidating data to create shared experiences<\/span><\/b>\u00a0<\/span><\/h2>\n

For years, financial reporting has been a static experience. Despite best efforts, reports often are already outdated by the time they are published. With Dynamics 365 Finance, users\u00a0<\/span>can<\/span>\u00a0build dynamic reports with consolidated financial information from existing internal systems, explore data<\/span>,<\/span>\u00a0and make adjustments easily without\u00a0<\/span>manually rerunning\u00a0<\/span>reports.<\/span>\u00a0<\/span><\/p>\n

By making real-time reporting accessible across internal departments and creating dashboards\u00a0<\/span>to\u00a0<\/span>share key information, healthcare payors are empowering their\u00a0<\/span>team members\u00a0<\/span>to make informed business decisions and drive improved business outcomes.\u00a0<\/span>To make this even easier,\u00a0<\/span>Dynamics\u00a0<\/span>connects seamlessly with\u00a0<\/span>Microsoft Office 365<\/span>\u00a0<\/span>applications<\/span>\u00a0and enables users to interact with familiar tools\u00a0<\/span>like Microsoft Excel<\/span>.\u00a0<\/span>\u00a0<\/span>The ability to equip each worker across the organization with a shared data experience saves considerable time and\u00a0<\/span>fosters\u00a0<\/span>a culture of collaboration.<\/span>\u00a0<\/span><\/p>\n

Automating processes to realize efficiency<\/span><\/b>\u00a0<\/span><\/h2>\n

P<\/span>ayors already automate claims,\u00a0<\/span>member\u00a0<\/span>eligibility, and similar processes that involve data transactions between systems<\/span>\u00a0with existing technologies<\/span>.\u00a0<\/span>Yet, t<\/span>here\u00a0<\/span>are\u00a0<\/span>significant opportunit<\/span>ies<\/span>\u00a0to\u00a0<\/span>standardize<\/span>\u00a0and<\/span>\u00a0streamline<\/span>\u00a0<\/span>manual<\/span>\u00a0business processes\u00a0<\/span>around\u00a0<\/span>these systems<\/span>, including<\/span>\u00a0<\/span>e<\/span>nrollment<\/span>,<\/span>\u00a0billing<\/span>,\u00a0<\/span>prior authorizations<\/span>,\u00a0<\/span>adjudication of\u00a0<\/span>complex\u00a0<\/span>claims<\/span>,\u00a0<\/span>member\u00a0<\/span>appeals,\u00a0<\/span>utilization reviews,\u00a0<\/span>and overpayment recovery<\/span>.<\/span>\u00a0<\/span><\/p>\n

To empower customers to\u00a0<\/span>digitally transform<\/span>\u00a0processes<\/span>\u00a0that span\u00a0<\/span>siloed systems<\/span>,\u00a0<\/span>Microsoft\u00a0<\/span>provides an integrated\u00a0<\/span>solution<\/span>\u00a0platform that\u00a0<\/span>bundles capabilities of its Power Platform with\u00a0<\/span>Dynamics 365 application<\/span>s<\/span>.\u00a0<\/span>As a result,\u00a0<\/span>healthcare payors\u00a0<\/span>are equipped with\u00a0<\/span>powerful\u00a0<\/span>tools\u00a0<\/span>to\u00a0<\/span>automate\u00a0<\/span>inefficient business processes<\/span>, reduce errors, and\u00a0<\/span>greatly\u00a0<\/span>improve productivity<\/span>.<\/span>\u00a0<\/span><\/p>\n

Consider how your firm currently processes accounts payable; seasoned professionals typically can process 30-40 AP invoices in an hour. With streamlined processes, a single employee can process the same number of invoices in just ten minutes \u2013 that is an opportunity to increase employee efficiency by more than 80%. Power Platform introduces a user-friendly solution for managing AP invoices by connecting data sources and facilitating actions that link inbound orders and reports with invoices so that every input is up to date and everyone is paid on time.<\/span>\u00a0<\/span><\/p>\n

If\u00a0<\/span>you\u2019re searching for a more effective financial reporting solution\u00a0<\/span>and also interested\u00a0<\/span>to increase the productivity of your teams, Dynamics 365 Finance is your chance to break free.\u202f Download the\u202f<\/span>Microsoft Dynamics 365 Finance Trends Report<\/span><\/a>\u202fto discover how the cloud is shaping the future of finance and reach out to your Microsoft account representative to learn how Dynamics and the Power Platform can help advance your business.<\/span>\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The Microsoft team is increasingly focused on tailoring solutions for the healthcare industry, as evidenced by our recent announcement of the\u00a0Microsoft Cloud for Healthcare.\u00a0This\u00a0dedication\u00a0includes creating solutions that make it easier for healthcare payors\u00a0to\u00a0run their business efficiently and deliver high-quality experiences to members.<\/p>\n","protected":false},"author":182,"featured_media":48792,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"_classifai_error":"","_classifai_text_to_speech_error":"","footnotes":""},"categories":[1536],"post_tag":[101],"content-type":[],"coauthors":[970],"class_list":["post-48789","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-transformation","tag-healthcare"],"yoast_head":"\nConsolidate and Automate: How health payors can create a more efficient future in the cloud - 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