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Transforming Healthcare: The Strategic Partnership Between Exdion Health and Inbox Health

In a major advancement for revenue cycle management (RCM) in healthcare, Exdion Health has officially entered into a partnership with Inbox Health. This alliance is set to revolutionize the way hospitals, urgent care centers, and occupational health facilities handle their patient billing and revenue cycle operations, enhancing both provider and patient experiences.

The Power of Automation

Exdion Health, known for its AI-powered SaaS+ platform, focuses on automating medical coding processes. This automation offers a multitude of benefits, including reducing errors, minimizing denials, identifying various revenue opportunities, and making Clinical Documentation Improvement (CDI) a reality. The platform is bolstered by a robust Business Intelligence layer that enables healthcare providers to cut administrative costs and make informed decisions that positively impact overall revenue performance.

Inbox Health contributes significantly to this partnership by modernizing the patient billing aspect of healthcare. Its innovative platform automates patient billing and payment processes while also providing AI-driven patient support through various channels such as phone and live chat. This comprehensive approach to the billing cycle enhances revenue collection, saves time, decreases operational expenditures, and enriches the patient experience.

Key Outcomes and Benefits

The partnership aims to deliver significant improvements in several key areas, including:

• - Increased Collection Speed: With integrated clean claims and automation of accounts receivable (A/R), healthcare providers can expect up to a fivefold increase in the speed of collections.
• - Reduced A/R Workload: The collaboration is projected to lower patient A/R workload by 50%, enhancing overall staff efficiency throughout the revenue cycle.
• - Improved Cash Flow: A 20% improvement in cash flow is targeted by minimizing paper-based billing procedures and simplifying processes related to payments.
• - Enhanced Documentation Quality: Exdion's advanced AI engine promises to elevate documentation quality and provide better decision-making support.

Perspectives from Leadership

Lohith Reddy, President of Exdion Health, emphasized, "Our goal at Exdion Health is to empower healthcare organizations with intelligent automation that optimizes revenue and streamlines operations. Partnering with Inbox Health enables us to extend that automation across the full revenue cycle, delivering exceptional outcomes for both providers and patients."

Blake Walker, Chief Executive Officer of Inbox Health, remarked, "We believe that patient billing is a crucial interaction point in healthcare. We aim to redefine patient-first billing through our partnership with Exdion, making it more transparent and personalized to consumer preferences. Our collaboration enables healthcare providers to work smarter, collect more revenue faster, and improve patient satisfaction overall."

A New Era in Healthcare RCM

This partnership between Exdion Health and Inbox Health represents a new chapter in healthcare revenue cycle management. It's an integrated and AI-driven approach that allows healthcare organizations to not only cut costs but also enhance collections and improve the overall care experience for patients.

About Exdion Health

Exdion Health is a leading technology provider dedicated to transforming healthcare and billing operations through its cutting-edge AI-powered SaaS+ solutions. For further information on how to revolutionize your revenue cycle alongside Exdion Health and Inbox Health, feel free to reach out via their official contacts.

Overall, this strategic partnership marks one of the most significant evolutions in healthcare technology, setting a new standard for RCM that is efficient, patient-centered, and future-focused.