Low Mkt Cap
#39 of 49
$8 B
Average CAGR
#29 of 49
20 %
RPA technology can be used to automate repetitive administrative tasks in organizations, freeing up staff to focus on more complex and high-value activities. This can help reduce costs and improve efficiency. RPA bots can be programmed to perform tasks like patient registration, appointment scheduling, and insurance verification.
0 FDA approvals in Robotic Process Automation (RPA)
Process Efficiency
"RPA can automate repetitive and time-consuming tasks, freeing up workers to focus on more complex and high-value activities." - Healthcare Informatics Research, December 2021
Reduced Errors
"RPA can reduce errors and improve accuracy by eliminating manual data entry and ensuring consistency across processes." - Journal of Healthcare Information Management, January 2022
Cost Savings
"RPA can lead to cost savings by reducing staffing needs and improving process efficiency, as well as enabling faster and more accurate billing and claims processing." - Healthcare Financial Management Association, February 2022
Investor sentiment
Business WireMay 2021
"...The global robotic process automation market is expected to grow at a CAGR of over 30% from 2021 to 2026, driven by the increasing adoption of RPA in organizations for automating administrative tasks, reducing operational costs, and improving patient outcomes, the rising demand for digital transformation, and the growing use of AI and machine learning technologies."
Market Research FutureJune 2021
"...The global robotic process automation in market is expected to grow at a CAGR of 28.3% from 2021 to 2028, driven by the increasing adoption of RPA solutions in facilities for automating repetitive and time-consuming tasks, the growing demand for cost-effective and efficient services, and the rising use of AI and machine learning technologies."
Sector leaders
UiPath
UiPath, a robotic process automation software company, said that it was making its initial public offering in which it aimed to raise about $1.3 billion, valuing the company at nearly $29 billion.
Automation Anywhere
Automation Anywhere, a robotic process automation company, raised $290 million in a Series B funding round, valuing the company at $6.8 billion.
