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The overall theme of this year's HFMA Annual Conference is "Transforming the Business of Healthcare," and it is right on target. No other industry is experiencing more evolution and transformational change than healthcare. It seems that the only thing we can count on is change -- this is even more ...Read More
Here we go again! In my last blog I mentioned how companies like Amazon, Google, Apple, Uber, etc. will be driving innovations in healthcare delivery and costs over the next 10 years. Today, the Wall Street Journal (WSJ) reported that retail giant Walmart is in preliminary talks with health insurer ...Read More
Medicare Advantage (MA) business continues to experience significant growth, increasing demand for MA plans. Despite the uncertainty surrounding health care and proposed budget cuts to the program, Medicare Advantage enrollment continues to climb and this trend is expected to continue throughout 2017 and beyond. As of February 1, 2017, total ...Read More
Right on the heels of the Aetna-CVS merger story, Healthcare Finance News reported earlier this week that Humana is eyeing a deal with Walmart. The $69 billion merger between CVS Health and Aetna, announced by CVS on Sunday, has spurred industry analysts to talk about a possible deal between Walmart ...Read More
Following is a plea from AHA Chairman Gene Woods, and I would urge everyone in the healthcare industry to respond to his plea by contacting their congressional representatives. Our hospitals are already hurting from lower inpatient volumes and the movement to value-based care. This unnecessary cut will hurt them even ...Read More
GeBBS Healthcare Solutions, Inc., a leading technology-enabled provider of revenue cycle management (RCM) solutions, announced today that the company has been selected by Becker’s Hospital Review as a company healthcare providers should know for revenue cycle management solutions. According to Becker’s, hospitals, health systems, physician practices and healthcare organizations are ...Read More
GeBBS Healthcare Solutions, a leading technology-enabled provider of Revenue Cycle Management (RCM) solutions, announced recently that the company has been selected for the 2017 Inc. 5000, an exclusive annual ranking of the nation's fastest-growing private companies. This is the ninth consecutive year the California-based healthcare Business Process Outsourcing (BPO) firm ...Read More
Marina del Rey, CA, July 11, 2017 –GeBBS Healthcare Solutions, a leading technology-enabled provider of revenue cycle management (RCM) solutions, announced recently it had passed the milestone of over 1,000 certified coders currently employed by GeBBS. GeBBS has the industry’s largest and most experienced certified coding staff; over 1000 of ...Read More
The Obama administration and health insurers took steps recently to standardize and improve the measures that are intended to gauge the quality of healthcare. The CMS and trade group America's Health Insurance Plans (AHIP) have announced an agreement to adopt a core set of quality measures for the nation's doctors. ...Read More
Since the inception of the term “big data,” how to handle this data has been a challenge for healthcare providers. Big data has been around since computers were first harnessed to help the healthcare industry. The challenge has always been how to handle and make sense of this copious amount ...Read More
By Nitin Thakor, GeBBS President & CEO The U.S. does have a physician shortage today and that shortage is expected to grow to over 130,000 by 2025. What is causing the problem? In my opinion two things are driving this shortfall of doctors. First, millions of new patients are and ...Read More
With the growing number of high deductible insurance plans and the Affordable Care Act (ACA), patients are now responsible for up to 35 percent of their healthcare delivery costs. Here are some staggering facts from MGMA and McKinsey & Company: - Patient A/R growing to $660 billion in 2015 - ...Read More
The Centers for Medicare & Medicaid Services (CMS) has begun paying providers for delivering non-face-to-face care to their Medicare patients with two or more chronic conditions. This is a win-win for everyone involved in the process. Patients will experience improved outcomes and physicians have the opportunity to increase their revenue ...Read More
The 2015 Medicare Physician Fee Schedule (PFS) will pay for non-face-to-face services for CPT Code 99490 -- Chronic Care Management (CCM), reimbursing practices on an average of $42 per patient, per month. Of all the governmental mandates that have come along -- this is a good one. It incentivizes physicians ...Read More
In an article entitled: “Boeing negotiates directly with more health systems” in this morning’s Modern Healthcare e-newsletter, it was reported that airplane manufacturer Boeing Co. will soon offer more employees the option of health benefits negotiated directly with local health systems. The employer, being skilled in the art of negotiations, ...Read More
Although employee negligence and lost/stolen devices continue to be major causes of data breaches, criminal attacks are now the leading cause of breaches in healthcare. What are these cyber criminals doing to get access to the data, and what is causing the breaches in our healthcare organizations? Ponemon’s report says ...Read More
Earlier this month we saw the announcement of the Aetna/Humana acquisition and now, within the same month, Barnabas Health and Robert Wood Johnson Health System in New Jersey are following suit. The guiding force between this newly announced merger is most likely the opportunity for these two organizations to expand ...Read More
Where Should Patient Access Management be Located within the Organization? Patient access management should be incorporated as an element of a hospital’s financial department because in today’s new financial environment, everything this department does ties into multiple areas of the revenue cycle. Best practices hospitals use the approach where any ...Read More
Inefficient revenue cycle management (RCM) and outdated RCM technologies are causing almost unbearable pain for many medical practices. These RM inefficiencies are resulting in extreme financial hardships, to the point that in a recent survey conducted by Black Book, a technology and services market research and opinion company, 87 percent of ...Read More
Implementing health information technology in a secure manner is an extremely important issue in the healthcare industry.  To remain effective and efficient, healthcare providers must utilize the latest information technology solutions.  These IT solutions require the electronic storage and transmission of sensitive patient data. They must be designed, implemented and ...Read More
A new report by MarketsandMarkets recently estimated the healthcare IT outsourcing market value will be $50.4 billion by 2018. What is driving this significant growth in the healthcare marketplace? The global market is forecast to grow at a compound annual growth rate (CAGR) of 7.6%, to reach $50.4 billion by ...Read More
We at GeBBS are pleased to be mentioned prominently in a recent article in the Wall Street Journal. The piece, "Keep Employees Happy With Creative Perks", interviews some select "creative small firms" who use innovative benefits to keep their employees happy. Of the 2,300 employees of GeBBS Healthcare Solutions, the majority ...Read More
GeBBS Provides Cost-effective Demographic Data Entry Solution to a Large Northeastern U.S. Radiology Billing Services Company. CASE STUDY Organization A leading Radiology Billing Services Company Key Metrics: Located in Northeast U.S. In business for more than 15 years Clients located in 30 states Serves over 800 radiologists Focuses on addressing ...Read More
Executive Interviews: Q&A with GeBBS Leadership Team What one word best describes GeBBS today? Why do you think this word describes us today? Because our company is constantly growing in several areas our employee population, our service offerings, and our people’s abilities, as they learn, develop new skills and take ...Read More
GeBBS Healthcare Solutions, Inc., an industry leader in healthcare revenue cycle management (RCM) outsourcing solutions, today announced it has crossed the 2,000 employee mark. The company plans to add another 600 employees by the end its fiscal year, March 31, 2013. Many of the company’s expanded employee base are being ...Read More
GeBBS Healthcare Solutions Helps To Sponsor the Venice Family Clinic’s 25th Annual Children’s Holiday Movie Event. Victor Ortiz, American professional boxer (on the left), Ms. California Latina - Crystal Rose Munoz, and Ryan Ochoa who plays Lanny on Disney XD's Pair of Kings. GeBBS Healthcare Solutions, Inc., an industry leader ...Read More
This election season, the economy was on everyone’s mind. Americans were evaluating the candidates on the likelihood that they will be able to improve the economy and get more jobs. However, this simplistic view of the economy does not penetrate the business world. Leaders understand that job creation/company growth is ...Read More