GeBBS Healthcare Solutions | Recurring Blog Posts
Challenges Faced by Safety-Net Hospitals
Safety-net hospitals, which are essential in providing care to vulnerable populations, already have the deck stacked against them with inconsistent government support and competition from more prosperous healthcare providers. But resource crunches, surging costs and staffing shortages have many safety-net hospitals fighting for their survival.
One solution that can help safety-net hospitals and other understaffed, underfunded healthcare providers like community hospitals and critical-access hospitals is revenue cycle management (RCM) outsourcing that utilizes a customized combination of skilled human resources and advanced technology to improve administrative and operational performance across the revenue cycle continuum and throughout the patient journey.
Structured Patient Data Key to Identifying Care Gaps
Structured patient data is a vital component in the drive toward healthcare interoperability, and access to structured patient data is increasingly critical to provider and payer risk adjustment.
Structured patient data fills the risk adjustment framework with a panoramic picture, and it yields insights about gaps in care and other challenges, as well as opportunities to save costs and improve the patient journey. Although access to structured patient data is improving, unstructured — or unstandardized — data from multiple healthcare provider and payer sources continues to present obstacles.
The Benefits of Single-Source Medical Coding
There are several solutions to the modern medical coding challenges faced by physicians, hospitals, health networks, and home care and hospice providers. But the most valuable and practical may be single-source coding.
Also known as single-path coding, single-source coding is an idea whose time has arrived. Though single-path coding predates the pandemic, the coronavirus crisis and ongoing healthcare labor shortage have prompted more healthcare leaders to embrace single-source medical coding and realize its corresponding benefits.