November 4, 2019
The healthcare industry continues to be inundated with new technologies on a daily basis. One of the biggest challenges for providers is to figure out how to effectively integrate these technologies into their practices to improve both patient care and financial performance. Organized, automated billings and collections processes do in fact provide the resources needed to positively impact patient care. Without consistent cash flow into a practice, everyone can suffer.
According to a recent survey* conducted in the healthcare industry:
- 13% of respondents stated that their Revenue Cycle Management (RCM) processes are completely automated.
- Of those respondents, 69% use more than 1 solution to manage their revenues, leading directly to system incompatibilities, increased claim denials and difficulty in obtaining patient payments.
- 96% of the respondents reported that data collection throughout the entire process was either a “moderate” or “big” problem for them.
Don’t allow your practice and patients to get caught up in this confusion! GBS has an all-in-one RCM solution that will help to decrease insurance denials, increase patient collections, and simplify office processes. We also offer automated, value-added solutions that can be customized and applied to a practice’s existing RCM process to enhance and improve overall performance.
GBS would be glad to discuss how our proven business model can benefit your practice, and how we’ve already helped other organizations improve their bottom lines by improving their billings and collections. Contact us today and get started!