With the Affordable Care Act, insurance and eligibility verification is absolutely critical. Identifying patient responsibility upfront prior to the visit is critical to managing the receivables. In the absence of proper eligibility and benefit verification, countless downstream problems are created delayed payments, reworks, decreased patient satisfaction, increased errors, and nonpayment.
A 2009 McKinsey Quarterly survey of retail healthcare consumers showed that 52 percent of consumers would pay from $200 to $500 or more by credit or debit card when they visit a physician, if an estimate was provided at the point of care.
To avoid these problems, GeBBS provides a remotely-hosted Centralized Eligibility Unit for hospitals, faculty practice plans, PMS/EMR vendors, and billing companies. The solution consists of GeBBS staff, technology, management and expertise that delivers high-quality, cost-effective patient insurance eligibility and related services.
GeBBS Eligibility Verification Services has the potential to:
Improve A/R cycles (reduce A/R days)
Increase cash collections by reducing write-offs and denials
Eligibility and Benefits Verification
Receive schedules from the hospital via EDI, email or fax
Verify coverage on all primary and secondary (if applicable) payers by utilizing sites like WebMD, payer web sites, interactive voice response systems, and phone calls to payers
Contact patients to get updated insurance information
Provide the clients with the results, which include eligibility and benefits information such as member ID, group ID, coverage end and start dates, co-pay information, and much more
Other Optional -Related Services
Obtain pre-authorization number
Obtain referral from PCP
Enter/update patient demographics
Remind patient of POS collection requirements
Inform client if there is an issue with coverage or authorization
Process Medicaid enrollment