GBS Corp Partners with HTP to Offer Healthcare Revenue Cycle Enhancement Solutions
January 16, 2007As part of our continuing commitment to provide clients with cutting edge data management solutions, GBS Corp, headquartered in North Canton, Ohio, recently announced a strategic partnership with HTP, Inc. of Columbus, Ohio, a leading developer of software solutions for the healthcare industry. The resulting union allows the healthcare vertical of GBS to supply HTP's RevRunner software to clinics, physicians and hospitals. "This is a move that allows us to seriously enhance the service we give to our healthcare clients," said Jeff Fusco, Executive Vice President, GBS.
Since 1982, GBS has provided businesses in the healthcare industry with data management solutions that allow them to efficiently handle patient information with options ranging from software to document management services. "Those solutions focus on managing patient records," Fusco explained, "but when one of our Healthcare Account Executives brought HTP RevRunner to our attention, we realized it was the perfect complement to what we were currently providing. We knew we had to make it one of our solutions."
HTP RevRunner is a comprehensive, automated solution enabling healthcare providers to identify insurance eligibility and proactively monitor the status of claims. It speeds the revenue cycle by tracking every patient encounter and generating daily Exception WorkLists with detailed views of accounts that may require further attention to resolve payment issues. A practice, clinic or hospital using HTP RevRunner will realize maximized insurance reimbursements, identify more patient coverage, reduce insurance denials, increase cash collection at the point of contact, and minimize bad debt write-offs.
“We are very excited about GBS choosing to partner with HTP for their revenue enhancement offering,” said Leigh Orlov, VP of Business Development for HTP. “GBS is known for identifying and providing best-in-class solutions to their clients, and we’re thrilled our services will enable their hospital clients to increase revenue and better serve the patient populations in their communities.”
"GBS has spent 24 years helping healthcare accounts to efficiently manage patient information," Fusco said. "Now we can help them on the other side of the desk by identifying payment opportunities and accelerating reimbursement." He cited industry evidence showing that one-third of billing write-offs are avoidable, and that in many cases, 3 to 5 % of revenue is lost. By implementing HTP RevRunner, a business can dramatically improve these numbers by automating the administrative process.
"We at GBS are very excited about this partnership with HTP," Fusco said. "It's a move that brings new opportunity to both of our businesses and allows us to offer a critical new service to our healthcare clients."
About GBS Corp.
GBS Corp is headquartered in North Canton, Ohio. GBS has been providing technology, labeling, filing, and document management solutions since 1971. GBS provides products and services that help customers create, manage, retrieve, and deliver information to achieve greater profitability, faster growth, and tangible results for their customers. Additional GBS sites are located in Florida, Michigan, and Texas.
About HTP, Inc.
HTP develops software technology for the healthcare industry that improves efficiency, profitability and service quality for hospitals, insurance companies, physician groups, managed care organizations, third-party administrators and public sector health plans. The company's software technology also enables secure information exchange through Regional Health Information Organizations (RHIOs). Based in Columbus, Ohio, HTP supports 170 customers, including 110 hospitals and 60 health plans, by translating and moving more than 15 million transactions per month. HTP technology powers the Utah Health Information Network (UHIN), recognized as the nation's first successful RHIO. A 2004 and 2005 Inc. 500 company, HTP and its executives have been recognized for leadership by the Ohio Third Frontier Project, The Deloitte Technology Fast 500, the Ernst & Young Entrepreneur of the Year program and the Columbus Technology Council. Notable HTP customers include Ohio Medicaid and Utah Health Information Network.
GBS Corp Acquires Cincinnati-Based Marketing Fulfillment Provider
January 16, 2007GBS Corp recently announced the acquisition of marketpathinc.
Cincinnati-based distributor marketpathinc. specializes in all aspects of commercial print including brochures, product sheets, and marketing fulfillment.
Acquiring marketpathinc. enables GBS to expand its expertise and create synergies in the following areas: fulfillment, print procurement, project management, graphic design, direct mail services, and hand assembly.
“The acquisition of marketpathinc. is proving to be a great fit since marketpathinc. complements GBS’ core document management business and presents significant expansion opportunities enabling both firms to provide customers with a higher level of offerings and support,” explains Eugene Calabria, CEO and President.
GBS Corp is headquartered in North Canton, Ohio. GBS has been providing technology, labeling, filing, and document management solutions since 1971. GBS provides products and services that help customers create, manage, retrieve, and deliver information to achieve greater profitability, faster growth, and tangible results for their customers. Additional GBS sites are located in Florida, Michigan, and Texas.
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