Blogs

RPA in Medical Billing – 3 bots You Can Build Right Away!| ExdionRCM

RPA in Medical Billing – 3 bots You Can Build Right Away!| ExdionRCM

RPA in Medical Billing - 3 BOTs You Can Build Right Away! The healthcare sector is bearing a huge amount of revenue losses which can be attributed to the increasing number of patients, rising costs, and decreased reimbursement rates. The inefficiencies in the billing and cashing processes do not help the cause. . It is the time to restructure the billing...

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COVID-19 Impact – Healthcare Billing Organizations

COVID-19 Impact – Healthcare Billing Organizations

Impact of COVID-19 On Healthcare Billing Organizations And How They are Dealing With It The world is staying in but the healthcare providers and medical practitioners are now more active than ever. Their battle on the frontlines against the deadly coronavirus has not just put their lives in jeopardy but has also complicated the revenue cycle, impacting...

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Key Drivers for RCM in 2020

Key Drivers for RCM in 2020

 Revenue Cycle Management: Where Does RCM Stand in 2020?As hospitals and healthcare establishments around the world continue to deliver their services and save lives, they must also look for ways to build successful revenue policies to remain financially sound and afloat. But why now? As per a 2019 study, 56% of consumers would not be able to pay a health bill of more than $1,000.Healthcare...

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Automated Revenue Integrity Solution- ExdionCA-UC

Automated Revenue Integrity Solution- ExdionCA-UC

ExdionCA-UC an automated Revenue Integrity solution expressly for Urgent Care Centers; designed to increase Urgent Care Center revenue and confirm compliance. An affordable, subscription-based model guaranteed to deliver an improved bottom line.  ExdionCA-UC is built on a proprietary, rules-based engine that automatically scrubs and...

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Revenue Leakage due to coding errors in Urgent Care Centers

Revenue Leakage due to coding errors in Urgent Care Centers

Recent report by Urgent Care Association (UCA) in United States indicate that about 89 million patients visit Urgent Care Centres for treatment annually. The industry is expected to reach $26 billion by 2023. The 2018 Urgent Care Benchmark survey response indicate only 7% of total patients were of the fully cash pay category. 93% users had some form of insurance or other coverage which reflects...

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Benefit from Hospital Management System with RCM

Benefit from Hospital Management System with RCM

Healthcare industry consists of multiple stakeholders. There are providers, Billing companies / intermediaries, TPAs, and Payors. Healthcare industry is inundated by thousands of Practice, Hospital, Billing & Payor management and other IT systems catering to various needs.  Majority of these systems are “On-premise” legacy ones, some of which may not have any more support for upgrades or...

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Seamless Clinical Data flow from HMS to Billing Solutions

Seamless Clinical Data flow from HMS to Billing Solutions

Healthcare service providers, whether a hospital, clinical lab, imaging center, outpatient surgery center or a podiatrist’s office, have unique requirements for using patients data. Despite their best efforts, Healthcare service providers are not able to provide a seamless data flow to patients because of proprietary data structures and software systems. A major challenge service providers face...

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Automate Revenue Cycle Management With RPA

Automate Revenue Cycle Management With RPA

Effective Revenue Cycle Management is key to sustainability and profitability of healthcare organizations. Billing companies bear the most brunt on revenue cycle leakages. Billing service providers do not have the process to prevent denials from falling through the cracks. Not just billing companies, even hospitals suffer revenue losses because of poor follow-up process, communication gaps...

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Negating Physician Groups’ Challenges Through Administrative Technology

Negating Physician Groups’ Challenges Through Administrative Technology

Physician groups in US, numbering approximately 240,000 have grown and changed significantly in terms of team compositions, employment contracts and management in last two decades. The proportion of physicians in solo and two-physician practice have decreased significantly from 40% to 30%. Today, more physicians work in the group practices, often specialized single specialty groups. Kaiser...

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Value-Based Patient Care Through Data Analytics

Value-Based Patient Care Through Data Analytics

Today, patient experience is the differentiating factor between one healthcare provider and another. Healthcare providers bank on analytics to make sense of data and discover methods to drive positive patient experience. Data on socio-demographics, admission, procedures performed, discharge, re-admission and insurance coverage (including what is paid by the insurance company and what’s borne by...

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