In-House vs. Outsourced Medical Billing: A Comparative Analysis of Cost and Operational Efficiency

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For FQHC and traditional healthcare providers, effectively navigating the intricacies of medical billing is paramount to financial stability and administrative efficiency. However, building and maintaining an in-house billing team can present significant challenges, prompting many practices to consider outsourcing these critical functions. This analysis delves into both approaches’ financial and operational implications, highlighting the potential…

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GeBBS Healthcare Solutions Recognized as One of America’s Greatest Workplaces for Diversity for 2024

GeBBS Healthcare Solutions, Inc., (ChrysCapital portfolio company), a leading provider of technology enabled Revenue Cycle Management (RCM) & Risk Adjustment Solutions for healthcare providers and payers, announced today that Newsweek has recognized the company as one of America’s Greatest Workplaces for Diversity for 2024. This acknowledgment is a major milestone for GeBBS and the healthcare…

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Can You Recover Lost Revenue With a Medical Billing Audit? Yes, You Can.

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In the dynamic world of healthcare, medical billing audits are crucial yet often overlooked tools for financial stability. These audits do more than correct errors; they are a strategic approach to reclaim lost revenue and ensure compliance in medical billing. This article delves into the significance of medical billing audits and outlines how they can…

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Medical Coding and Coding Audits: Enhancing Accuracy and Compliance

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Navigating the labyrinth of healthcare bureaucracy can be a daunting task, and at the heart of this complex system lies medical coding and coding audits—a pivotal element ensuring that the wheels of healthcare reimbursement and compliance run smoothly. Imagine a world where medical procedures and diagnoses are lost in translation, leading to a cascade of…

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Measuring FQHC Performance: Evaluating Billing and Collection Services

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This white paper provides a comprehensive overview of the importance of measuring provider billing and collection performance through Key Performance Indicators (KPIs). It outlines crucial KPIs such as Days in Accounts Receivable, Collection Rate, Denial Percentage Rate, Net Collection Percentage, Bill Lag, and Credit Balance, providing benchmarks for each. Additionally, it highlights the challenges providers…

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AI and Robotic Process Automation Among Latest RCM Healthcare Trends

AI and Robotic Process Automation Among Latest RCM Healthcare Trends

The healthcare industry is constantly evolving, and Revenue Cycle Management (RCM) solutions have become a crucial necessity for healthcare finance leaders. To maintain high-quality medical care at reasonable costs and optimize operational efficiency, healthcare providers must keep up with the latest technologies and advancements. With AI-powered medical billing systems and interactive patient portals, healthcare RCM…

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Revenue Cycle Management (RCM) in Healthcare and its Integration with EHRs

Revenue Cycle Management (RCM) in Healthcare and its Integration with EHRs

Revenue Cycle Management (RCM) is vital to healthcare organizations’ financial health and operational efficiency. As the healthcare industry continues to undergo significant transformations, staying updated with the latest RCM capabilities is crucial. One of the critical developments in RCM is its integration with Electronic Health Records (EHR). This article will explore the emerging trends in…

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White Paper: How FQHCs Can Enhance Medical Billing Management

White Paper: How FQHCs Can Enhance Medical Billing Management image

Maximizing revenue and getting paid for all the services they are providing is critical for FQHCs to make the biggest difference in the communities they are serving. A specialized billing partner is crucial for improving billing efficiency and maximizing revenue. They help FQHCs overcome billing obstacles, ensure compliance with ever-changing regulations, and enhance financial performance.…

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The Definitive Guide to Revenue Cycle Management

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What Is Revenue Cycle Management Revenue Cycle Management (RCM) refers to the financial process within the healthcare industry that involves managing the entire patient care revenue cycle, from the initial appointment or registration to the final payment. It encompasses all administrative and clinical functions that contribute to capturing, managing, and collecting patient service revenue. The…

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The Advantages to Outsourcing your FQHC Medical Billing

The Advantages to Outsourcing your FQHC Medical Billing Image

Federally Qualified Health Centers (FQHCs) are critical in providing affordable and accessible healthcare services to underserved communities across the United States. However, FQHCs need help managing their operations, including medical billing. Medical billing is a complex process that requires expertise and attention to detail. This is why many FQHCs outsource their medical billing to specialized…

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