Sobering Statistics about Growing Patient Self-Pay Amounts

Posted in Accounts Receivable (A/R), Best Practices, Business Process Outsourcing (BPO), Knowledge Process Outsourcing (KPO), Offshore Medical Billing, Self-Pay Collections

With the growing number of high deductible insurance plans and the Affordable Care Act (ACA), patients are now responsible for up to 35 percent of their healthcare delivery costs. Here are some staggering facts from MGMA and McKinsey & Company: – Patient A/R growing to $660 billion in 2015 – $65 billion in bad debt …

Continue Reading »

Patient Choice Is Driving Growth in Urgent Care Centers and Free Standing Emergency Departments

Posted in Accounts Receivable (A/R), Business Process Outsourcing (BPO), Knowledge Process Outsourcing (KPO), Offshore Medical Billing, Self-Pay Collections

The amounts for insurance deductibles continue to grow each year and there is no end in sight to these increases. With more and more patients opting for high deductible, low premium commercial health insurance policies, and the growing usage from the Affordable Care Act (ACA), providers must seek ways to collect these large deductible amounts …

Continue Reading »

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 …

Continue Reading »

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 …

Continue Reading »

The Benefits of Outsourcing Chronic Care Management

Posted in Business Process Outsourcing (BPO), Knowledge Process Outsourcing (KPO)

There are many benefits of outsourcing the chronic care management (CCM) activities for physicians who want to take advantage of the new Centers for Medicare & Medicaid Services (CMS) initiative that pays doctors for delivering non-face-to-face care to their Medicare patients who have two or more chronic conditions. Primary, of course, is the ability to …

Continue Reading »

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 …

Continue Reading »

The Rise of Knowledge Business Process Outsourcing (KBPO)

Posted in Business Process Outsourcing (BPO), Knowledge Process Outsourcing (KPO), Revenue Cycle Management (RCM)

The state of our economy is on everyone’s mind today. Our business leaders understand that job creation and company growth is an increasingly global proposition, especially with the growth of outsourcing over the past two decades. Outsourcing began small, focused on finding cheaper manpower for labor-intensive jobs such as telemarketing and data entry at the …

Continue Reading »

The Impact of Accountable Care on Your Revenue Cycle

Posted in Accountable Care Organizations (ACOs), Affordable Care Act, Business Process Outsourcing (BPO), Evaluation and Management (E&M) Requirements, GeBBS Healthcare Solutions, Healthcare Revenue Billing, Knowledge Process Outsourcing (KPO), Medical Coding, Revenue Cycle Management (RCM)

Becoming an accountable care organization (ACO) requires that your facility adopt a completely new point of view when it comes to revenue cycle management. The goal of an ACO is to reduce costs by improving the quality of care provided to patients. Providers are encouraged to and boost preventative efforts that may ultimately reduce the …

Continue Reading »

Advantages of the Knowledge Process Outsourcing for Healthcare

Posted in Business Process Outsourcing (BPO), Knowledge Process Outsourcing (KPO)

This election season, the economy was on everyone’s mind. Americans were evaluating the candidates on the likelihood that they will be able to improve the economy and get more jobs. However, this simplistic view of the economy does not penetrate the business world. Leaders understand that job creation/company growth is an increasingly global proposition, especially, …

Continue Reading »