After the passage of the Affordable Care Act (ACA) in 2010, millions of people were able to obtain health insurance for the first time or after a long absence from being covered. The result was more than 30 million new patients visiting hospitals, clinics, private practices and more.
This in turn created an unprecedented and often overwhelming level of bureaucratic paperwork throughout the healthcare industry. Medical providers quickly became overwhelmed with the necessary task of keeping up with all the forms and regulations required by both government agencies and private insurance companies.
One solution was for medical provider to seek outside help in the form of what is now called a Healthcare BPO Company. BPO stand for Business Process Outsourcing. This kind of firm takes on an array of informational processing for hospitals, clinics and other providers.
Those who seek the service of a Healthcare BPO Company are seeking more than just help with their routine billing and record keeping. They want to find ways to provide better health care at reduced cost. It turns out that a huge portion of all medical expense is driven by the informational data system of a provider. Basically, by improving the way the paperwork is done, enormous savings can be passed on to patients while increasing profits for the provider.
There are many categories of forms and paper work. Some examples are claims processing, eligibility verification, medical coding, medical billing, medical transcription, patient’s services, finance and accounting.
One of the major motivations for getting paperwork under control is so that doctors can spend less time filling out forms and focus directly on patient care. Another huge benefit of a Healthcare BPO Company is that it can save lives. They do that by eliminating errors in patient files that can lead to serious mistakes in treatment.
For more information on Healthcare BPO Company, contact Gebbs Healthcare Solutions through their website today.