Plano, TX & Pleasanton, CA (PRWEB) December 10, 2013
Hospitals with affiliated physician practices, physician groups and other professional providers continue to lose revenue at an alarming rate. This is due to the low focus hospitals put toward 1500 billing as well as a lack of sophistication and insufficient capabilities of most physician billing systems. The problem of revenue attrition is only exacerbated by the industry’s drive towards hospitals accelerated acquisition of physician practices, making the need for better systems even more pressing.
With the release of Professional v 3.9, GAFFEY Healthcare now allows hospitals that provide professional healthcare services to have a centrally and comprehensively managed physician billing function for collecting all associated revenue with equal attention and enhanced workflow, editing & reporting capabilities. Also featured in the release is automation technology for claims statusing and automated Coordination of Benefits secondary billing of professional claims.
“The product release and integration come from our commitment to revenue cycle automation and consistently meet the evolving needs of our customers. As the healthcare industry continues on its trend of consolidation, these latest developments build upon an already powerful claims management platform to accommodate our client hospitals billing both professionally and institutionally,” said GAFFEY Healthcare CEO, Derek Morkel.
The integration within GAFFEY Claims Management and within the hospitals' billing process enables the same level of GAFFEY EDI expertise to achieve high levels of efficiency and the country's highest claims acceptance rates for both institutional and professional claims.
About GAFFEY Healthcare:
GAFFEY Healthcare provides next-generation, cloud-based revenue cycle technology and services, including business office outsourcing, to help health care organizations accelerate their cash flow, improve their productivity and increase their profitability. From Patient Access & Eligibility through Billing, Claims Management to Collections - all the way to Payment Verification and Integrity - the components of their software are tied together through a state-of-the-art workflow automation and business intelligence platform, AlphaCollector. Over 200 health care systems, hospitals and physician practices use GAFFEY Healthcare's cloud-based applications.
For further information, please contact:
Raja Bisharat, Marketing Manager
Read the full story at http://www.prweb.com/releases/2013Gaffeyhealth/12/prweb11404801.htm.
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