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Achieving Business Objectives with Effective Coding & Preventable Denial Strategies I. IntroductionDenials are a leading source of revenue loss and increased labor costs for healthcare organizations. Hospitals across the country lose approximately $262 billion per year on denied claims from insurers, sparking huge cash-flow issues and recovery costs. An estimated ...Read More
One Platform for All Compliance & Auditing Requirements I. Coding Audits: The Cornerstone of Compliance & Revenue IntegrityAccording to the Healthcare Financial Management Association (HFMA), lowering compliance risk and ensuring the accuracy of charges should be top concerns of revenue integrity programs.4 Administrative costs, which are frequently cited as a ...Read More
The Right Solution at The Right Time—Cash Recovery on Neglected Claims Boosts Revenue I. The Problem of Low-Balance Collection is UniversalAfter an audit of outstanding accounts receivable (A/R), an extensive healthcare system with over 400 facilities serving 3.5 million patients a year realized there was a big problem with low ...Read More
A healthcare system partnered with GeBBS Healthcare Solutions to assist with coding documentation and validation review services, increasing their overall reimbursement by 5% and reducing rebills by 9%. Client: A healthcare system located in Florida partnered with GeBBS Healthcare Solutions to assist with coding documentation and validation review services, increasing ...Read More
GeBBS Healthcare Solutions, Inc., a leading technology-enabled provider of revenue cycle management (RCM) solutions, announced today that Phoenix Children’s Hospital and Childrens Hospital Colorado has selected their iCode Assurance platform for external auditing services, internal coding quality workflow and analytics. GeBBS’ iCode Assurance is a comprehensive, SaaS-based, customizable medical coding ...Read More