How Improved Patient Access Solutions and the Patient Experience Produce RCM Success
/ Posted in GeBBS Healthcare Solutions, Inc.In most healthcare organizations, such as hospitals and nursing homes, medical billing and collection staff have among the highest rates of turnover. However, these employees are crucial to the continued operation and success of any healthcare business or medical facility. These employees, often called the patient access staff, do not always get the opportunity to …
How AI, NLP Technologies Automate Risk Adjustment Processes
/ Posted in GeBBS Healthcare Solutions, Inc.Even before the COVID-19 pandemic emerged last year, health care payers were facing numerous challenges. From rising costs and uncertainty about the Affordable Care Act (ACA) to struggles with systems integration, alignment of incentives with providers and consumer engagement and education, these entities were faced with attempting to improve member health while addressing an array …
The Importance of Automated RCM Solutions for Health Systems
/ Posted in GeBBS Healthcare Solutions, Inc.Hospitals and other players in the health care system don’t need to be told twice about the impact of the coronavirus on operations and practice management. What many administration executives may have missed, however, is just how quickly facilities and systems transitioned to new technologies and automation to soften the damaging operational impact of the …
5 Ways Automation Can Help Hospitals Achieve Clinical, Financial and Operational Success
/ Posted in GeBBS Healthcare Solutions, Inc.The United States spends more than any other country on medical research and development. Unfortunately, it also expends nearly twice as much as other wealthy nations on healthcare, primarily due to higher prices for medications and healthcare professionals, as well as inflated administration costs. Healthcare providers across the U.S. are starting to employ automation to …
Can Outsourcing Save Struggling Hospitals?
/ Posted in GeBBS Healthcare Solutions, Inc.Anyone working in healthcare finance knows all too well the struggles US hospitals have been facing for years, only recently intensified by the COVID-19 pandemic. In fact, a recent report issued by Kaufman Hall indicates that at least 39% of hospitals are likely to experience negative operating margins in 2021 – a number that could …
The Triple Aim & Value-Based Care – Improving Quality, Decreasing Costs, and Improving the Patient Experience
/ Posted in GeBBS Healthcare Solutions, Inc.While the US healthcare system continues to make extraordinary advancements in medical innovations, such as new treatments, devices, and therapies – when it comes to the operational side of things, we’ve got a lot of work to do to catch up with other developed nations. Our healthcare spending per capita is more than $12,000 a …
Why Speed, Cost, & Accuracy Are of Equal Importance for Your Revenue Cycle
/ Posted in GeBBS Healthcare Solutions, Inc.Most healthcare executives will agree that the revenue cycle for large health systems is the most complex of all industries. From scheduling to collections and every step in between, the healthcare revenue cycle is ripe with opportunities for improvement. Focusing on three key areas – speed, cost, and accuracy – is the key to improving …
When it Comes to Revenue Cycle, Think: Automate, Innovate and Transform
/ Posted in GeBBS Healthcare Solutions, Inc.Today’s healthcare systems are facing decreasing reimbursement, new payment models, regulatory changes and more. With shrinking margins and an increasingly complex revenue cycle, the time to automate, innovate and transform is now. It’s the trifecta, and the key to future success for healthcare organizations. Automation already plays a key role in various area of the …
Data, Data and More Data – Why More Data Can Improve Your Bottom Line
/ Posted in GeBBS Healthcare Solutions, Inc.There’s an old adage that says “Less is more,” but when it comes to data in healthcare, this generally doesn’t ring true. For risk adjustment and HEDIS programs, most payers will agree that more data, and not less, is critical to ensuring fair and accurate reimbursement. That’s why there’s been recent backlash in response to …
Preventing and Addressing the Many Dangers of Denials
/ Posted in GeBBS Healthcare Solutions, Inc.Hospitals and health systems have been managing shrinking profit margins for more than a decade. This past year, adding COVID-19 and the financial and operational impacts that come with it have made it more critical than ever for providers to focus on effective revenue cycle management. Yet, denials and denial write-offs continue to increase – …