2025 Innovation Conference: Transforming RCM: How AI is Revolutionizing Revenue Cycle Management - HBMA Store

As presented at HBMA's Innovation Conference March 12th-13th, 2025.

Transforming RCM: How AI is Revolutionizing Revenue Cycle Management Presented by Vinod Sankaran

In today's rapidly evolving healthcare landscape, physician practices, Hospitals and revenue Cycle Companies face mounting pressure to optimize operations, streamline workflows, and maximize revenue. Traditional methods are no longer enough. That's where Artificial Intelligence (AI) comes in.

This session will delve into the transformative potential of AI, showcasing how this cutting-edge technology can revolutionize operations in every aspect, including:

• Enhanced Patient Care: AI-powered tools can analyze medical data to predict patient needs, personalize treatment plans, and automate administrative tasks, freeing up valuable time for doctors & their staff to focus on what matters most – their patients.
• Streamlined Revenue Cycle Management (RCM): Say goodbye to tedious billing and coding errors. AI can automate Coding, claim submission, identify denial risks, and even negotiate insurance payments, boosting your client’s financial health.
• Improved Operational Efficiency: From scheduling appointments to managing inventory, AI can automate repetitive tasks, minimize human error, and optimize resource allocation, leading to a smoother, more efficient practice for your clients. 

Course participants will be able to:

1. Discover the latest AI applications specifically designed for healthcare, especially for RCM companies and their clients. 
2. Learn how AI can enhance patient care, streamline RCM, and boost operational efficiency.
3. Gain insights into the real-world benefits and challenges of implementing AI in your company and your client’s practice. 
4. Example of how to use available generative AI applications to draft emails, and appeal letters to insurance companies. Also, do market research and get a list of potential practices and help with sales. 

Speaker Bio:
Vinod (Vinny) Sankaran is a seasoned leader with 20 years of experience in operations, financial analysis, strategy, business development, sales and marketing. As the CEO and Founder of Medical Billing Wholesalers (MBW), Vinny leverages his extensive background to optimize revenue cycle processes, enhancing profitability and performance for clients across the healthcare industry.

Since co-founding MBW in 2010, Vinny has played a pivotal role in expanding the company from a small team of 3 employees to a robust organization with over 400 employees. Under his leadership, MBW now operates multiple locations in the US, with delivery centers in India.

As CEO, he drives company growth, spearheads new client acquisition, and integrates cutting-edge technologies to boost revenue and profitability. Vinny holds dual master's degrees in Quantitative Finance and Industrial Engineering from Oklahoma State University. He also holds certifications in AI for Business from Wharton and Digital Marketing, Customer Engagement, Social Media, Planning & Analytics from Columbia University.

In his personal life, Vinny is an avid traveler, having explored over 60 countries. He also has a passion for kickboxing and enjoys teaching it as an instructor in his spare time.