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GE Healthcare Improves Workflow, Revenue Capture For Schumacher Group

Case Study Published By: GE Healthcare
GE Healthcare
Published:  Aug 27, 2015
Type:  Case Study
Length:  2 pages

Schumacher Group Medical Billing was looking to drive change: denials were too high, collections were not being optimized, and workflows were overly manual. Working with GE Healthcare, they made significant progress within each area of the revenue cycle targeted for improvement. The Schumacher Group was able to reduce claim rejections and denials while improving eligibility verification and payment electronic posting. Ultimately, GE Healthcare was able to help the Schumacher Group make significant workflow improvements and reduce rework costs by approximately $3.8 million per year.

Tags : 
centricity business, financial management, revenue cycle, hospital billing, hospital finance, patient billing, rcm, episodic payment, accountable care, icd-10, healthcare reform, shared savings, capitation, payment reform, risk based contracting, hospital consolidation, [mjm] claims, denials, cost to collect, patient accounting