New Year’s Resolutions Can Be Achieved If You Have a Plan

Posted in Business Process Outsourcing (BPO), Explanations Of Benefits (EOBs), Medical Coding Outsourcing, Offshore Medical Billing, Offshore Medical Coding, Offshore Revenue Cycle Management, Outsource Coding

A new year presents a fresh opportunity to set annual goals and create a plan to achieve them.  Many people make New Year’s resolutions where they strive to do better than they have in the past.  Often the most successfully attained resolutions are the ones that are documented and backed-up with a plan to achieve …

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ERAs Are a Win-Win over Paper EOBs

Posted in Accounts Receivable (A/R), Electronic Remittance Advices (ERAs), Explanations Of Benefits (EOBs), Insurance Billing Solutions, Revenue Cycle Management (RCM)

The introduction several years ago of the ERA (Electronic Remittance Advice) created a quantum leap in the healthcare billing arena by providing an improvement to the traditional, paper-based EOBs. Astonishingly, many providers have not taken advantage of this revolutionary change. It has been estimated that even today only 46 percent of the claims are processed …

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Why Switch to ERAs?

Posted in Electronic Remittance Advices (ERAs), Explanations Of Benefits (EOBs), Revenue Cycle Management (RCM)

Why Switch to ERAs? In addition to inefficient processing and high administrative costs, paper EOBs contribute to a provider’s struggle with physical storage and document inaccessibility. Rummaging through paper archives as a means to investigate and manage secondary claims does not promote efficiency. Even worse, your medical practice or hospital may miss out on the …

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Why ERAs Are More Efficient than EOBs

Posted in Affordable Care Act, Electronic Remittance Advices (ERAs), Explanations Of Benefits (EOBs), Revenue Cycle Management (RCM)

It is no secret that the healthcare industry is burdened with costly administrative processes. A good example of this are paper explanation of benefits (EOB) forms that have been estimated to cost nearly $18,600 per physician per year in administrative fees. With the availability of tools like the electronic remittance advice (ERA), medical practices, hospitals, billing …

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Revenue Cycle Management (RCM) and Best Practices Adoption

Posted in Accounts Receivable (A/R), Business Process Outsourcing (BPO), Explanations Of Benefits (EOBs), GeBBS Healthcare Solutions, Revenue Cycle Management (RCM)

For physicians, getting paid properly for the services they provide is extremely important. Between constantly changing coding rules and dozens of insurance contracts — each with its own coverage, billing and payment terms — many medical practices find it difficult to keep up. As a result, physicians too often are paid less than they actually …

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How To Heal Merger Maladies with Outsourcing | GeBBS

Posted in Accounts Receivable (A/R), Best Practices, Explanations Of Benefits (EOBs), GeBBS Healthcare Solutions, Revenue Cycle Management (RCM)

When you are one of the largest medical billing services companies in the Southwest U.S. and your mission is to help other physician groups solve their staffing and financial challenges, how do you react when you are faced with these very same issues? You take the advice of the old adage: “physician heal thyself” and …

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Understanding Electronic Remittance Advices: Benefits & Obstacles

Posted in Business Process Outsourcing (BPO), Electronic Remittance Advices (ERAs), Explanations Of Benefits (EOBs)

EOBs Are Going the Way of the Dinosaurs – Extinction! Make Sure Your Facility Doesn’t Follow Them. The “paper blizzard” that the healthcare industry has been caught in for many years is finally starting to subside. The inefficiencies of dealing with too much paper in the healthcare payment process are well documented. One of the …

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