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Navigating Medical Billing Analytics: Addressing Operational Challenges with Efficiency

By Suvarnna Babu October 3, 2024

Medical billing remains one of the most complex aspects of healthcare management, and it continues to pose significant operational challenges for healthcare providers. According to a report from the Consumer Finance Protection Bureau (CFPB), medical billing errors impact millions of…

Transforming Patient Billing into Revenue Growth: The expEDIum Perspective

By Suvarnna Babu September 27, 2024

In today’s healthcare landscape, managing revenue cycles efficiently is more critical than ever. According to a 2022 study, nearly 73% of healthcare organizations reported that inefficient billing processes were one of the top reasons for revenue loss . This statistic…

Is Your Outdated Revenue Cycle Management System Holding Your Practice Back?

By Suvarnna Babu September 26, 2024

In today's rapidly evolving healthcare environment, optimizing financial performance is critical to the success of any medical practice. Yet, many practices find themselves using outdated Revenue Cycle Management (RCM) systems, leading to inefficiencies, delayed payments, and lost revenue. At expEDIum,…

Custom Gastroenterology EHR: Driving Patient Satisfaction with Specialty Solutions

By Suvarnna Babu September 20, 2024

Consider the daily routine of a gastroenterologist like Dr. Lewis. Each day brings a mix of patient consultations, procedures, and follow-ups. Recently, he encountered a patient, Mrs. Thompson, who was understandably anxious about her upcoming colonoscopy. With a few clicks…

How Efficient Patient Scheduling Boosts Healthcare Provider Performance

By Suvarnna Babu September 16, 2024

In the fast-paced environment of healthcare, efficiency and patient satisfaction are at the forefront of successful operations. One crucial, yet often underappreciated, factor that contributes to both is patient scheduling. A robust and efficient scheduling system not only ensures that…

RCM Benchmarks: Key Metrics for Healthcare Providers to Optimize Revenue

By Suvarnna Babu September 6, 2024

Revenue Cycle Management (RCM) is the cornerstone of financial stability in the healthcare sector. With the rising complexity of medical billing, coding, and reimbursement procedures, effective RCM systems are more important than ever. In fact, recent studies show that the…

Recovering Aging Patient A/R: Strategies, Challenges, and Best Practices

By Suvarnna Babu September 5, 2024

Managing recovering aging patient A/R is a significant challenge in healthcare revenue cycle management (RCM). Aging A/R can have a substantial impact on cash flow, and its management requires a nuanced approach that considers various complexities. This blog will delve…

Top Reasons for Prior Authorization Denials and How to Avoid Them

By Suvarnna Babu August 23, 2024

Prior authorization (PA) is a critical step in the healthcare process, ensuring that treatments, medications, or services are necessary and covered by the insurance provider. However, it's not uncommon for prior authorization requests to be denied, leading to delays in…

Top 10 Benefits of Using Patient Billing Software for Your Practice

By Suvarnna Babu August 12, 2024

In today’s fast-paced healthcare environment, implementing patient billing software is essential for any successful practice. Medical billing is an important element of healthcare management, yet it can often be a tedious and error-prone process. Based on a study by the…

How Can You Use First-Pass Claim Rate to Improve Your Billing Efficiency?

By Suvarnna Babu July 12, 2024

In the world of healthcare billing, efficiency is everything. Have you ever wondered why some healthcare practices get paid faster and more consistently than others? Statistics show that claims with errors can take up to twice as long to process…