Revenue Cycle Management - expEDIum Solutions Blog

Revenue Cycle Efficiency: The Impact of EHR Medical Billing and Coding

By Anupriya Oraon October 18, 2023

Integrated EHR systems have changed medical billing rules, providing a more flexible view of revenue. Traditional manual processes often lead to errors, inferior solutions, and performance overhead. EHRs streamline these tasks and promote accurate clinical documentation, electronic prescribing, and information…

The Key Role of RCM in Maximizing Healthcare Reimbursements

By Anupriya Oraon September 5, 2023

According to the HFMA, revenue cycle management (RCM) refers to all clinical and administrative activities for identifying, controlling, and collecting patient service revenue. Its primary responsibility is to increase revenue quickly. Administrators and RCM managers must follow best practices for…

Why Accurate Insurance Verification Matters in Healthcare

By Anupriya Oraon September 1, 2023

In today's world of healthcare, having insurance is not just a convenience but a crucial necessity. It goes beyond having a policy; it involves the overlooked process of verifying medical insurance eligibility. This process plays a role in ensuring that…

Optimizing Revenue: Denial Management Strategies in Modern Healthcare

By Anupriya Oraon August 24, 2023

Effective denial management in the healthcare sector depends on revenue cycle management (RCM). Loss of money increased administrative work, or even dissatisfied patients may result from denials. According to a Medical Group Management Association (MGMA) Stat poll, on the practice side,…

Coding Intelligence: How AI is Reshaping Healthcare Revenue Cycle Management

By Anupriya Oraon August 16, 2023

Amidst healthcare's tech evolution, integrating AI (Artificial Intelligence) into Revenue Cycle Management (RCM) is emerging as a meaningful change. Advancing AI promises more refined code suggestion systems and seamless Electronic Health Records (EHR) integration. Its prowess in unstructured data analysis…

Safeguarding Your Finances: Avoiding Revenue Leakage in Healthcare Billing

By Anupriya Oraon July 25, 2023

The financial stability and operational effectiveness of all hospitals and healthcare systems are negatively affected by the problematic issue of revenue leakage. The uncollected or delayed payments cause healthcare to lose tens of billions yearly. This blog intends to raise…

Choosing the Right Revenue Cycle Partner: Essential Qualities to Consider

By Suvarnna Babu June 28, 2023

In today's complex healthcare landscape, medical practices and healthcare organizations face numerous challenges in managing their revenue cycle effectively. Outsourcing revenue cycle management (RCM) to a trusted partner can alleviate the burden and enhance financial performance. However, selecting the right…

Streamlining Healthcare Services: How Practice Management Systems Improves Efficiency

By Suvarnna Babu April 20, 2023

As the healthcare industry grows more intricate, it is imperative for healthcare providers to employ technology in order to streamline their operations and enhance patient outcomes. A technology that has gained considerable momentum in recent years is the practice management…

A Guide to Finding a Reliable Revenue Cycle Management Partner

By Suvarnna Babu March 30, 2023

The healthcare industry is a dynamic field that poses increasing challenges for healthcare providers in effectively managing their revenue cycle. One viable solution is to collaborate with a competent Revenue Cycle Management (RCM) company to streamline and optimize the revenue…

Maximizing Revenue Streams in Healthcare: Addressing Common Challenges

By Suvarnna Babu March 24, 2023

In the contemporary digital age, the healthcare sector has initiated the employment of robotic process automation and artificial intelligence to administer its revenue cycle. The adoption of automated workflows is inducing fewer inaccuracies, amplified collections, and overall profitability. Nevertheless, despite…