Inflection Points that Define the Entrepreneurial Journey
/ Posted in GeBBS Healthcare Solutions, Inc.Turning the corner from bootstrapping founder to successful entrepreneur makes for a great story. There are many plot twists and conflicts on the path to building a business. As I transition to become a mentor to young and emergent entrepreneurs, I see my experience as a differentiator and a vehicle through which I can give …
Rebuilding Your Healthcare Revenue Cycle
/ Posted in Revenue Cycle Management (RCM)While the coronavirus pandemic wreaked havoc on the lives of millions of people, hospitals and other healthcare entities fought tirelessly to protect both patients and staff. However, the battle against the pandemic quickly became a war on multiple fronts, as many healthcare systems were forced to contend with disruptions to their revenue cycles in addition …
Role of Revenue Cycle Management in Health Equity
/ Posted in Revenue Cycle Management (RCM)Healthcare organizations have long understood that revenue cycle management (RCM) plays a leading role in creating a winning financial plan. However, the abundance of data that flows through an RCM system can also be used to inform strategies for patient care and health equity. Over the last few years, the concept of “health equity” has …
Automate Revenue Cycle Tasks to Improve Efficiency
/ Posted in Revenue Cycle Management (RCM)Efficient revenue cycle management (RCM) is a cornerstone of effective patient care and provider profitability. Unifying healthcare’s clinical and business facets via a fully integrated RCM solution allows medical professionals to provide the best patient experience possible while simultaneously optimizing the revenue stream. One key to unlocking the potential of your revenue cycle is RCM …
Better Data, Better Decisions: Key Medical RCM Metrics
/ Posted in Revenue Cycle Management (RCM)When leveraged correctly, big data can provide invaluable insights into virtually every aspect of a healthcare organization’s operations, including its revenue cycle. Once this data is collected, it can be parsed and analyzed — or data mined — to yield profitable results ranging from streamlined workflow to increased profitability to improved patient experience. But data …
Filter Dirty Data From Your RCM System for Clean Claims
/ Posted in Data Analytics, Revenue Cycle Management (RCM)Dirty data is a barbed thorn in the side of many healthcare organizations. Inaccurate or incomplete data can create an array of problems during the revenue cycle management (RCM) process. To avoid these issues, providers must purge dirty data from their RCM systems. This may sound easy enough, but unfortunately it’s often easier said than …
The Suite Life: Benefits of an End-to-End RCM Solution
/ Posted in Revenue Cycle Management (RCM)A well-structured revenue cycle is vital to a healthcare organization’s survival. An ineffective revenue cycle management (RCM) strategy will hinder a provider’s profitability and negatively impact the patient experience. These issues are compounded by the ever-shrinking margins with which healthcare providers must contend. Many healthcare organizations are ditching their disjointed revenue cycle programs for end-to-end …
Crack the Codes: Increase Revenue with Improved Medical Coding
/ Posted in Health Information Management (HIM)Healthcare claim-denial rates have been on the rise in recent years, and the trend accelerated while hospitals and other medical providers contended with the effects of the coronavirus pandemic. In a recent survey of hospital executives, about one-third stated their average denial rate was more than 10%. Another 16% of hospital executives said their facilities’ …
How Outsourcing Healthcare RCM Can Help Reduce Staff Burnout
/ Posted in Revenue Cycle Management (RCM)Did you know that between March and July 2021, close to 19 million people in the healthcare sector quit their jobs? Yes, it seems the Great Resignation is now upon us, adding to the long list of changes to how differently we all do business since the pandemic era has begun. Even before COVID-19 emerged, …
Why People Are Still Important to Automated RCM
/ Posted in Revenue Cycle Management (RCM)The healthcare industry is experiencing a massive cultural shift. Organizations across the globe are transitioning away from outdated legacy systems and are upgrading to cutting-edge automated revenue cycle management (RCM) solutions. These technologies promise to improve the patient care experience, increase the efficiency of key billing processes, and streamline the entire revenue cycle. Despite the …