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New 'Deep Dive' Tool Aims to Help Doctors Better Manage Data

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, gaining the necessary visibility into and detail from the large amount of data they contend with on a daily basis is often a struggle. To help physicians contend with these challenges, Orion Health Corp. Inc. recently developed Osmium, a new technology that helps doctors better manage and analyze such data

Osmium uses a proprietary methodology that integrates and organizes information from multiple sources in a way that allows for an extremely fast analysis of information. It provides tools that give both hospital-based and office-based physicians big-picture scenarios as well as detailed reporting capabilities. They include:

  • 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.
  • 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.
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