Healthcare Outsourcing Company
A healthcare outsourcing company could assist with your company’s cash flow problems. Specialty medical coding assistants have driven growth at companies, increasing revenue by 40%. Currently, their operation processes 7.2 million charts for outpatient coding annually. They also handle compliance risk, and they can strategize financial opportunities.
Inaccurate RAF Scores
Getting all your patients approved for government-funded care would boost margins a bunch. Their healthcare coding team focuses on risk adjustment initiatives. In terms of their impact, they have seen an average RAF score bump of 0.75 points. With iCode Risk Adjustment, this score increase led to a 20% jump in reimbursements based on the new RAF score.
Incorrect Patient Statements
Patients may not realize they are making an error, but it affects medical billing. Members at the call center can reach out to patients and ask them to reverify if the information is correct. At the moment, this company’s call center staff is 800-strong, and they have saved an average of 40% per call.
Eliminating Inconsistencies
Specialized professionals use technology to avoid inconsistent authorization attainment. Their healthcare billing firm has received 300 thousand of pre-authorizations each year. They also manage up to 1.2 million for eligibility and benefit verification.
Inconsistencies in POS collections can lead to a steep drop in revenue. This agency’s help has led to a 24% increase in added revenue. This increase tallies up to $0.73 million of additional dollars flowing through these enterprises.
Coding Errors
Errors in coding can be fixed, and this can lead to a 19% increase in revenue.
Contact Gebbs Healthcare Solutions for revenue cycle management services and risk adjustment solutions.
