Patient Collection Rates Are Plummeting as Out-of-Pocket Costs Rise – We Weren’t Surprised!

Posted in Affordable Care Act, Healthcare Revenue Billing, Insurance Billing Solutions, Medical Billing BPO, Offshore Medical Billing, Outsourced Medical Billing, Self-Pay Collections

Hospitals reported that patient collection rates dropped by 17.6 percent once patients owed more than $1,200 in out-of-pocket costs, a Crowe Horwath study recently confirmed. Hospitals collect significantly less from patients with higher out-of-pocket costs. The study revealed that collection rates for patient accounts with balances greater than $5,000 were four times lower than collection …

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AHA President and CEO Asks President-Elect Trump For “Steady as She Goes” Effort on Healthcare

Posted in Best Practices, Healthcare Revenue Billing, Insurance Billing Solutions, Medical Billing BPO, RCM Solutions, Revenue Cycle Management (RCM), Revenue Cycle Solutions

By Nitin Thakor, GeBBS President & CEO AHA President and CEO Rick Pollack recently sent a congratulatory letter to President-elect Donald Trump and asking him to go slowly on changes to our healthcare delivery system, particularly when it comes to the Affordable Care Act (ACA). This is good advice since healthcare represents a significant portion …

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Beware of Secondary Injury to Your Wallet after an ER Visit

Posted in Healthcare Revenue Billing, Insurance Billing Solutions, Medical Billing BPO, RCM Solutions, Revenue Cycle Management (RCM), Revenue Cycle Solutions

A recent article in US News and World Reportexplained a little known fact of which most patients are completely unaware. A trip to the emergency room could cause a secondary injury to a patient’s wallet. Even if a patient goes to a hospital included in his or her health insurance network, if the emergency room …

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All is Not Well in the Small Hospital World When It Comes to the ICD-10 Transition

Posted in Business Process Outsourcing (BPO), Healthcare Revenue Billing, Knowledge Process Outsourcing (KPO), Offshore Medical Billing, Offshore Medical Coding, Revenue Cycle Management (RCM)

By Nitin Thakor, GeBBS President & CEO So far small hospitals and small health systems are not faring as well as large hospitals and health systems during the ICD-10 transition. The press is full of reports about how well the transition is going for large hospitals, but that is not the case for smaller community …

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Survey Shows About 80 Percent of Hospital CFO’s Consider Outsourcing RCM to be the Best Stop-Gap Measure

Posted in Business Process Outsourcing (BPO), Healthcare BPO Companies, Healthcare Revenue Billing, Knowledge Process Outsourcing (KPO), Medical Coding, Medical Coding Outsourcing, Offshore Medical Billing, Offshore Medical Coding, Offshore Revenue Cycle Management, Outsource Coding, Remote Medical Coding, Revenue Cycle Management (RCM)

By Nitin Thakor, GeBBS President & CEO According to a recent survey reported in Healthcare Finance, 83 percent of hospitals now outsource some accounts receivable and collections, 58 percent of hospitals outsource some contract management, 55 percent of hospitals outsource some denials management and 68 percent of physician groups with more than 10 practitioners now …

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Outsourcing Chronic Care Management Is a Win-Win for All!

Posted in Best Practices, Healthcare Revenue Billing, Insurance Billing Solutions

The Centers for Medicare & Medicaid Services (CMS) has begun paying providers for delivering non-face-to-face care to their Medicare patients with two or more chronic conditions. This is a win-win for everyone involved in the process. Patients will experience improved outcomes and physicians have the opportunity to increase their revenue streams. CMS created the new …

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New CMS Initiative Can Generate Revenue for Physicians

Posted in Best Practices, Healthcare Revenue Billing, Insurance Billing Solutions

The 2015 Medicare Physician Fee Schedule (PFS) will pay for non-face-to-face services for CPT Code 99490 — Chronic Care Management (CCM), reimbursing practices on an average of $42 per patient, per month. Of all the governmental mandates that have come along — this is a good one. It incentivizes physicians to extend their care management …

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How Can You Define Success with Your BPO Provider?

Posted in Business Process Outsourcing (BPO), Healthcare Revenue Billing, Revenue Cycle Management (RCM)

The first step in determining your success with a BPO provider is to define a clear set of objectives that you expect them to meet. If you can’t define what you expect them to do, you can’t measure it. When setting your expected objectives for your BPO engagement, make sure they map to your business …

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Trends in Healthcare Billing: Healthcare Revenue Cycle Management and Global Offshore Medical Billing

Posted in Business Process Outsourcing (BPO), Healthcare Revenue Billing, Knowledge Process Outsourcing (KPO), Medical Coding, Revenue Cycle Management (RCM)

Today’s healthcare delivery system is at the center of many political and social debates. The ongoing focus of these debates is often how the healthcare financial process is handled, and it is one of the many problems frustrating professionals in the billing department of hospitals and medical facilities. Each year, $350 million is spent to …

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GeBBS Healthcare Solutions to Showcase Coding Workflow & Automation Platform at RBMA 2013 Radiology Summit

Posted in Business Process Outsourcing (BPO), GeBBS Healthcare Solutions, Healthcare Revenue Billing, ICD-10, Insurance Billing Solutions, Revenue Cycle Management (RCM)

NGLEWOOD CLIFFS, NJ, May 08, 2013 — GeBBS Healthcare Solutions, Inc., an industry leader in healthcare revenue cycle management outsourcing solutions, will be demonstrating its state-of-the-art coding platform, iCode, at the Radiology Business Management Association (RBMA) 2013 Radiology Summit, May 19-22 in Colorado Springs, Colorado. iCode, a SaaS-based coding platform, combines GeBBS’ expert coding capabilities …

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