The MED Group Announces Agreement with OmniSYS to Offer Revenue Cycle Management and Compliance Services
LUBBOCK, Texas, Nov. 17, 2014 /PRNewswire/ -- The MED Group, a Managed Health Care Associates, Inc. (MHA) company, today announced that it entered into an agreement with OmniSYS, a nationally recognized leader in Medicare Part B claims reimbursement and compliance services for HME/DME providers and other alternate site providers, to offer comprehensive revenue cycle management and compliance services.
OmniSYS allows providers to bill medical claims through their operating system, and the company's extensive point-of-sale edits have industry-leading 99% collection rates. OmniSYS manages the full lifecycle of the medical claim, from eligibility checks at the point of sale, to billing the claim, through to accounts receivable management with denial tracking, electronic and manual remittance, and patient invoicing. OmniSYS also offers a comprehensive audit and compliance solution for HME providers designed to mitigate compliance risk, improve payment rate, and reduce the administrative burden of keeping up with compliant document needs and responding to audits. To learn more visit www.omnisys-llc.com.
Tricia Finger, OmniSYS President and CEO commented, "OmniSYS is excited to partner with the MED Group and bring our solutions to MHA and MED Group members at a discounted rate. OmniSYS' product solutions help providers increase comprehensive payment rates and improve days sales outstanding. Our focus on detailed, transparent reporting gives unrivaled insight into business performance. The MED Group's forward-thinking, data-centric business model aligns perfectly with OmniSYS' business model, so we are looking forward to a long, successful partnership."
Jeff Woodham, Senior Vice President and General Manager, the MED Group added, "We are excited to have OmniSYS in the portfolio of business partners that our members can work with to enhance their business success. The increase in audits for HME providers has created significant resource demand and financial risk. Having a solution that can bring expertise, efficiencies and results will help our members continue to grow their business."
About The MED Group
The MED Group, a wholly owned subsidiary of Managed Health Care Associates, Inc. (MHA), is a Group Purchasing, Business Solutions and Network Management Organization that serves its members through a unique value driven model.
MED members are market-leading HME Providers that consistently deliver quality patient care through clinical and business based best practices. The MED Group's portfolio of contracted products and services enables its members to make cost effective purchasing choices. MED also helps members improve efficiencies in education and training, reimbursement, accreditation, certification, technology and other operational areas – to help maintain their status as market leaders. MED's Network includes 500 +market leading HME providers that cover 1900 +locations. For more information visit www.medgroup.com.
For More Information Contact:
Angela Elsier
Director of Marketing
Managed Health Care Associates, Inc.
800-642-3020 X2870
SOURCE The MED Group
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