Revenue Cycle Management

The lengthy and tedious healthcare revenue cycle is experiencing a paradigm shift in its management with OSP’s highly customized money transfer application software system. Our remittance management software solutions relieve the intense pressure on healthcare systems overloaded with payments-related paperwork rising performance expectations.  

OSP’s first-rate custom remit management software solutions enable providers to automatically post accounts receivable and swiftly balance payments to the original claim. Our healthcare payment solutions are built to ensure the maximum efficiency of your business with reliable and sophisticated compliance and are easily accessible with cloud architecture. Our integrated payment management solutions help you free yourself from endless claims filing, manage EOB claims, and effectively identify denial reasons.

Healthcare payment systems are the structured payment models that help patients pay for their treatments through direct copay or insurance coverage. The paper-based healthcare payment models are the things of the past. Health care is transitioning from healthcare payment systems based on the volume of services provided, also known as fee-for-service, to value-based care, where healthcare payments are based on the value of those services.  

OSP has experience in building a wide variety of healthcare payment solutions for myriad facilities as per their needs. We can customize healthcare payment systems that help you navigate the transition from fee-for-service to value-based payment. We can customize healthcare payment models for a broad spectrum of payment systems such as Medicare, inpatient PPS, outpatient PPS, MACRA & other physician payment, long-term care hospital PPS, and more. 

Healthcare RCM is a financial process utilized by US-based healthcare systems to track the revenue received from their patients from appointment scheduling to the final payment of medical bills. Healthcare RCM companies track a patient’s journey described through a cycle of encounters from admission to adjustments of accounts receivables. 

The Healthcare RCM process is the strategy used by healthcare provider companies to save time and money. Healthcare revenue cycle solutions help streamline the medical practice’s financial side to get more money per patient with lesser efforts in a shorter time. Healthcare revenue cycle management companies leverage healthcare RCM solutions to eliminate the traditional system, enhance revenue margins and prepare for value-based payments by examining possibilities across the complete revenue cycle.

OSP’s Healthcare Specialty Billing Solutions caters to the billing needs of healthcare providers who are expanding their footprint by employing or affiliating with multi-specialty physician groups. Our multi-specialty billing services are instrumental in offering comprehensive RCM solutions featuring interfaces to ADT, EMR, and electronic charge capture systems to minimize errors and delays in the billing process. With our expertise and domain knowledge, we create specialty billing software solutions that automate and bring efficiency to the rigorous workflow in each healthcare specialty offering. Our multi-specialty billing software solutions manage charge entry, claims to scrub, medical claims filing, payment posting, patient billing, denial management, A/R follow-up, and comprehensive reporting.