Powering the Patient Experience Through Front-End RCM

Posted in GeBBS Healthcare Solutions, Inc., Revenue Cycle Management (RCM)

When reflecting on revenue cycle management optimization across health systems, much of the conversation revolves around internal processes and staff. Often overlooked is the critical role that patients play in revenue generation and claims processing. The path to successful claims management starts with the information collected during patient intake. If that data is inaccurate or …

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The Importance of Automated RCM Solutions for Health Systems

Posted in GeBBS Healthcare Solutions, Inc., Revenue Cycle Management (RCM)

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 …

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Can Outsourcing Save Struggling Hospitals?

Posted in Extended Business Office Solutions (EBO), Health Information Management (HIM), Revenue Cycle Management (RCM)

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 …

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Why Speed, Cost, & Accuracy Are of Equal Importance for Your Revenue Cycle

Posted in GeBBS Healthcare Solutions, Inc., Revenue Cycle Management (RCM)

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 …

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When it Comes to Revenue Cycle, Think: Automate, Innovate and Transform

Posted in GeBBS Healthcare Solutions, Inc., Revenue Cycle Management (RCM)

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 …

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Preventing and Addressing the Many Dangers of Denials

Posted in Revenue Cycle Management (RCM)

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 – …

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Don’t Let Underpayments Get You (or Your Revenue) Down

Posted in Revenue Cycle Management (RCM)

Healthcare is well-known for the complexities and red tape associated with billing and insurance. On each the provider, payer and patient side, this is due to a wide range of complex, multifaceted factors, including complicated documentation and coding guidelines, billing problems and complex contract terms. There’s often a back-and-forth dance between all three parties to …

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The Single Overarching Strategy That Will Help Improve Your Revenue Cycle

Posted in Revenue Cycle Management (RCM)

In the world of revenue cycle, there are dozens of sound strategies that can help busy hospitals and healthcare organizations drive greater efficiency – but at the end of the day, there’s only one method that truly works. Sounds easy, right?  Unfortunately, when you’re considering the complexities of the revenue cycle – nothing is as …

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When it Comes to Payment, Accuracy is Everything

Posted in Revenue Cycle Management (RCM)

In the consumer world, you pay for what you get. Unfortunately, in healthcare, it doesn’t exactly work that way. The complex world of healthcare billing means that patients and providers alike are often left confused with what items they’re being charged or for what services they’ve been paid. While there are several reasons for this, …

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Denials, Denied: Moving From Denials Management to Denials Prevention

Posted in Revenue Cycle Management (RCM)

Denials coming from all payers are steadily increasing. Similarly, denied claims based on “medical necessity” related to coding inadequacies are also on the rise. Coding continues to be an increasingly complex process – leaving room for more errors that will lead to more denials. While every healthcare organization dreads the financial impact of denials, few …

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