Medical Billing - expEDIum Solutions Blog

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…

Tracking Top Medical Billing KPIs: A Comprehensive Guide for Your Practice

By Suvarnna Babu June 27, 2024

In today's healthcare environment, the efficiency and effectiveness of medical billing processes are crucial for the financial health of a practice. Understanding and tracking top Medical Billing KPIs (Key Performance Indicators) can significantly enhance revenue cycle management, ensuring that practices…

Streamline Your Claims Process: The Top 5 Benefits of Electronic Claims Submission

By Suvarnna Babu June 21, 2024

Are you tired of the hassles that come along with traditional paper-based claims submission in the healthcare industry? Say goodbye to manual processes and hello to a more efficient way of managing your medical billing! Electronic claims submission is improving…

Everything You Need to Know about Prior Authorization in Healthcare

By Suvarnna Babu June 14, 2024

Feeling like you're constantly jumping through hoops to get the healthcare you deserve? You're not alone. One particular challenge could be prior authorization. This process, which varies by insurer, requires the submission of administrative and clinical information by the treating…

How to Choose the Best Medical Insurance Billing Software

How to Choose the Right Medical Insurance Billing Software

By Suvarnna Babu May 2, 2024

Introduction to Medical Insurance Billing SoftwareKey Features of Medical Insurance Billing SoftwareTop Benefits of Medical Insurance Billing SoftwareFactors to Consider When Selecting Medical Insurance Billing Software:Understanding Your OptionsOn-Premises Systems:Cloud-Based Solutions:Embracing Innovation with expEDIum Are you feeling overwhelmed while trying to…

Understanding the Medical Billing Impact on Healthcare Finances

By Anupriya Oraon April 29, 2024

Understanding the Healthcare Billing ProcessMedical Billing Impact on Healthcare FinancesChallenges in Medical Billing and Healthcare FinancesTechnology’s Impact on Medical Billing and Healthcare FinancesConclusion Medical billing is a crucial process that ensures healthcare providers are financially reimbursed for their services. It…

Top Benefits of Electronic Claims Submission

By Anupriya Oraon April 25, 2024

Here’s a closer look at the top 5 benefits of electronic claims submission:Conclusion: Healthcare billing is no longer a paper chase. The introduction of electronic claims submission has significantly transformed medical billing. The benefits of electronic claims include real-time tracking…

Choosing the Best Medical Billing Software for Your Practice

By Suvarnna Babu April 25, 2024

Understanding Your OptionsOn-Premise Systems:Cloud-Based Solutions:The Power of Medical Billing SoftwareKey Considerations in Your Selection ProcessEmbracing Innovation with expEDIum The landscape of healthcare billing is ever-evolving, and the need for efficient solutions has never been more critical. In a world where…

Streamline Your Revenue: Improving Healthcare Claims Denial Management

By Suvarnna Babu April 19, 2024

Healthcare providers face a constant challenge: claim denials. Up to 8% of revenue can be lost due to denied claims, impacting not only an organization's financial health but also its ability to deliver quality patient care. An effective denial management…

Navigating the Shift: Value-Based Care and Its Impact on Medical Billing

By Suvarnna Babu March 8, 2024

The US healthcare system is facing a multitude of challenges, and the push towards value-based care is a significant step towards addressing them. This system prioritizes outcomes, quality, equity, and cost of care, moving away from the traditional fee-for-service model…