AI-Powered Hospital Accounting: Towards Sound Financial Management

Abstract

Healthcare organizations have unique challenges in preserving their financial stability. Due to the rising cost of healthcare, changing payment models, and the need to provide patients with high-quality treatment, hospitals are under continual pressure to optimize their financial operations. Conventional hospital accounting methods may not be enough in this rapidly evolving environment. The potential of artificial intelligence (AI) to transform hospital accounting and provide a means of enhancing financial stability is explored in this chapter. Automation, data analytics, and advanced machine learning algorithms are used in AI-driven hospital accounting to improve accuracy, speed up financial processes, and support well-informed decision-making.