GeBBS Healthcare Solutions, one of the leading healthcare outsourcers, today announced a deal to deliver value-added back-office BPO operations in the Accounts Receivable Management space.
The client is one of the largest provider of hospital-based ARM services in the US. Hospitals are inefficient at processing business transactions that comprise the entire revenue cycle. As a result, 30 cents on every dollar billed is never collected, and 20% of all uncollected funds occur because coding was wrong or insurance requirements weren’t met up front. Our client provides a uniquely integrated suite of services and software to over 100 hospital clients to address these problems and ensure that revenues are maximized.
Under the terms of the contract, GeBBS will provide the client with Denial Management and Accounts Receivable services for Insurance claims along with assistance in appeals and audit follow-up. The GeBBS team will work as an extension of the client’s team and will help maximize revenues by increasing collectables and reducing denials.
Nitin Thakor, President and CEO of GeBBS said, “This is a prestigious win for GeBBS. We have already deployed resources onsite to commence knowledge transfer and we are confident that this deal will significantly accelerate our growth in the ARM space.”
GeBBS is a $12 million, ISO 9001 certified healthcare outsourcing solutions firm based in Englewood Cliffs, NJ, with multiple facilities in the US, and India. GeBBS focuses on providing Information Technology and Business Process Outsourcing Solutions to Healthcare Providers and Payers. In addition, GeBBS is among the premier providers offering a wide range of Revenue Cycle Management Services, including Medical Coding, Charge Capture, Payment Posting and Account Receivables Follow-Up. GeBBS helps clients succeed by using innovative and cost effective approach to onshore and offshore outsourcing.