Orion HealthCorp Introduces First 'Deep-Dive' Data Management and Analysis Technology for Physician Practices

ATLANTA, Sept. 28 /PRNewswire/ -- Mounting labor and administrative costs, lack of capital for technology development, ongoing regulatory concerns, and changing compliance requirements have caused many physicians to outsource their medical billing and practice management operations in order to stabilize revenues and better predict cash flows. Even though many practices have made the decision to outsource these activities, most have struggled to gain the necessary visibility into and detail from the large amount of data they contend with on a daily basis. To address these challenges, Orion HealthCorp, Inc., a leader in medical billing and practice management for more than 20 years, has developed Osmium, a powerful, new technology that helps doctors better manage and analyze data.

Bringing a new industry standard to the marketplace, Osmium www.OsmiumOS.com takes transparency to the next level—giving physicians the data they need, when and how they need it. Osmium utilizes a proprietary methodology that integrates and organizes information from multiple sources in a way that allows for an extremely fast analysis of information. This latest innovation from Orion provides visually appealing, easy-to-use tools that give both hospital-based and office-based physicians big-picture scenarios as well as detailed reporting capabilities, such as:

• Charge Posting Volatility/Cash Flow Maximization – These tools ensure consistent posting of charges on a weekly basis to help doctors better forecast and manage cash flow. Additional reporting shows the status of charges and lets physicians know what needs to be done to move them along to reconciliation.

• Denial Trending and Management - Correct coding initiatives identify differences between hospital and physician coding, allowing practices to better manage reimbursements while maintaining compliance.

• Physician Benchmarks - This measurement tool helps calculate and gauge physician productivity within a practice and allows them to benchmark themselves against other practices within their specialty.

"Current solutions don't come close to offering the depth and breadth of data analysis needed in today's health care environment," said Terrence L. Bauer, president and CEO at Orion HealthCorp, Inc. "Information sources constantly change with each transaction, making data difficult to analyze. They also only contain individual pieces of information, making it impossible to create big-picture scenarios that help maximize revenues or to provide the level of detail needed to achieve compliance and mitigate risk. Our technology is the first to give physicians the tools to organize, manage and access data in the most efficient and effective manner."

Osmium's Impact on Today's Medical Practice

The demand for health care in the United States will only continue to grow. According to the Center for Medicaid and Medicare Services (CMS), national health expenditures are estimated to increase to $4.9 trillion in 2016. Complexity and inefficiency that plague health care administration today are major drivers that raise annual health care costs. Processing medical claims alone has been estimated, by the American Medical Association, to add as much as $210 billion annually. However, even during these times of increasing costs, physician practices can start increasing their bottom lines as much as 30 percent now, by taking advantage of Orion HealthCorp's full suite of services, including Osmium's data management and analysis capabilities.  

About Orion HealthCorp, Inc.

Orion HealthCorp, Inc. is a trusted partner to physicians who require the specialized medical billing and practice management processes and technology necessary to successfully maximize the recovery of earned revenue and to manage stringent industry compliance mandates and insurance intermediaries. The company supports thousands of office-based physicians and hospital specialists in pathology, radiology, and anesthesiology; and delivers an intense focus on personal relationships and company accountability.  Innovative tools, technologies, and operational processes enable the Orion team to capture missing revenues that other companies overlook and help clients mitigate the risks associated with choosing a billing partner or implementing a new billing process. Headquartered in Roswell, Ga., with offices in Alabama, California, Colorado, Illinois, Ohio and Texas, Orion HealthCorp is among the top medical billing and practice management companies in the United States.  For more information, please visit: http://www.orionhealthcorp.com.

SOURCE Orion HealthCorp