Outsourcing as a Solution for Revenue Cycle Management (RCM) Continues to Grow at a Rapid Pace

Posted in Business Process Outsourcing (BPO), Coding Outsourcing, Offshore Medical Billing, Offshore Medical Coding, Offshore Revenue Cycle Management, Outsource Coding, Outsourced Coding, Outsourced Medical Coding, RCM Solutions, Revenue Cycle Management (RCM)

Facing lower reimbursements and shrinking margins, hospitals are exploring ways to capture more revenue. This has led an increasing number of hospitals across the nation to outsource their Revenue Cycle Management to professional outsourcing companies. This trend was identified in a recent Black Book™ survey, which included responses from 1,309 hospital CFOs and business office …

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Streamline Your Revenue Cycle Management

Posted in Business Process Outsourcing (BPO), Medical Billing BPO, Offshore Medical Billing, Outsourced Medical Billing, Revenue Cycle Management (RCM)

In their May 6, 2016 newsletter, the AMA stated that: “Patient care is the top priority and a source of passion for physicians, but making sure the business side of your practice is ‘healthy’ also can contribute to better outcomes and patient satisfaction.” We couldn’t agree more! This has been GeBBS Healthcare Solutions’ philosophy from …

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End-to-End Revenue Cycle Management Will Keep You Out of the News

Posted in Business Process Outsourcing (BPO), Medical Billing BPO, Offshore Medical Billing, Outsourced Medical Billing, Revenue Cycle Management (RCM)

A large Chicago-based health system recently posted an operating loss of about $186 million in 2015, nearly 15 times the amount reported in the previous year. In addition, the system will lay off 250 employees and leave 450 jobs unfilled. The health system has told its bondholders that it will write off $53 million of …

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CMS and AHIP Move to Improve Healthcare Quality Measures

Posted in Business Process Outsourcing (BPO), HIPAA, Medical Coding, Medical Coding BPO, Offshore Medical Coding, Outsource Coding

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. Officials say the measures are …

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The Climb to Conquer “Mount ICD-10” Is Going to Get Steeper

Posted in Business Process Outsourcing (BPO), HIPAA, Medical Coding BPO, Outsource Coding

The climb to conquer Mount ICD-10 is going to get steeper and more difficult. Be sure you have an experienced guide to help you on this perilous journey. The ICD-10 transition difficulties were lessened by CMS by not dropping all of the thousands of new codes on the healthcare industry at one time. That is …

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There Is NO Substitute for Training & Experience When It Comes to HIPAA Compliance

Posted in Business Process Outsourcing (BPO), HIPAA, Medical Coding BPO

By Nitin Thakor, GeBBS President & CEO The HHS Office for Civil Rights (OCR) recently imposed heavy monetary fines and acceptance of resolution agreements and corrective action plans on two provider organizations following substantial violations of the HIPAA privacy and security rules. About 30 organizations to date have now agreed to such sanctions after OCR …

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CMS Chronic Care Management (CCM) Initiative Can Help Improve Bottom Line for Physicians

Posted in Business Process Outsourcing (BPO), Coding Outsourcing, Medical Coding BPO, Medical Coding Outsourcing, Offshore Medical Billing, Offshore Medical Coding, Offshore Revenue Cycle Management, Outsource Coding, Outsourced Medical Billing, Outsourced Medical Coding, Remote Medical Coding

In today’s healthcare delivery environment, physicians are constantly looking for new ways to earn and increase their bottom lines. For example, the 2015 Medicare Physician Fee Schedule (PFS) will pay for non-face-to-face services for CPT code 99490 — Chronic Care Management (CCM), which reimburses practices on an average of $42 per patient, per month. Of all …

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Medical Coding Outsourcing is More Than Staffing

Posted in Business Process Outsourcing (BPO), Coding Accuracy, Medical Coding BPO, Medical Coding Outsourcing, Offshore Medical Billing, Offshore Medical Coding, Offshore Revenue Cycle Management, Outsource Coding, Outsourced Medical Billing, Outsourced Medical Coding, Remote Medical Coding

Outsourced medical coding’s traditional approach has been staff augmentation. It has been typically used to meet short-term gap needs due to turnover, extended absences, or electronic medical record (EMR) changes. In other words, it has been used when a healthcare provider needed temporary additional resources to supplement its existing resources. However, from our experience, this …

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Grow Your Own Doctors

Posted in Business Process Outsourcing (BPO)

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 will be entering the healthcare …

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