The Essentials of Effective Revenue Cycle Services
Sweeping changes in the healthcare profession have had a powerful impact on the attention paid to revenue cycle services. Where physicians and managers once had the luxury of a relaxed attitude toward revenue cycle management, they have now drastically altered their approach to this key function.
Recent changes in revenue cycle management include an increased reliance on patient responsibility for payment. This is due to the increase in plan deductibles, which puts more and more medical bills in the laps of those seeking care. In response, some health care enterprises are increasing the staff required to verify insurance and secure upfront collections. Though this is often the first reaction to this revenue cycle management challenge, it is by no means the most effective.
Adding staff means more than just hiring people. There is also equipment, office space, and management time required to make this new system function effectively. In many cases, the advantages of internal revenue cycle management growth are offset by the additional overhead. And at the end of the day, patient care has not improved.
Another element of effective revenue cycle services is a commitment to using the latest technology to support an ever-changing landscape. Just the revenue cycle services considerations that are always in flux, the technology required to maintain pace is also changing. Often, healthcare facilities find themselves unable to upgrade or invest in new technology in any form, which ultimately serves only to set them back even further. Having the right people will not provide the effective revenue cycle services you need if they are not working with the latest technology.
At GeBBS, we implement end-to-end, comprehensive revenue cycle services from payor credentialing to complete billing and collections services. Our revenue cycle services teams follow industry-standard key performance metrics to measure success and integrate best practices, so that you get the value of our proven experience and expertise.
Plus, we are continually investing in the technology that has helped make us one of the nation’s leading providers of revenue cycle management (RCM) and health information management (HIM) solutions.
Trust the revenue cycle services experts
Founded in 2005, GeBBS Healthcare Solutions provides experienced and trusted revenue cycle services for a diverse assortment of healthcare enterprises. Our clients benefit from:
- 10+ years of hospital and provider experience
- A network of over 4,000 experienced industry professionals
- Corporate security certifications: SSAE 16 Type II, ISO/IEC 27001:2013, and ISO 9001:2008
- Real-time dashboard reporting via GeBBS’ proprietary SaaS technology
- A client-centered focus on achieving maximum coding accuracy through continuous improvement of our people and technology
By leveraging our people, processes, and technology, GeBBS clients reduce operating and capital costs, recover revenue, improve patient satisfaction, and increase productivity. Most important, healthcare providers see improved job satisfaction due to a reduction in their administrative and internal management duties.
For more information on how GeBBS can become your strategic revenue cycle services partner, call (888) 539-4282 or click here to contact us online.