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.
