Stingray™ offers a game changing technology that is set to become an essential component for hospitals to maximize their reporting reimbursements.
Fort Worth, Texas (PRWEB) January 12, 2013
Healthcare Payment Specialists (HPS), a pioneer in bad debt, DSH and Medicare reporting and review services, announces the addition of Phil C. Solomon to HPS’s executive management team as Senior Vice President. Previously Phil was the Chief Sales and Marketing Officer for a national BPO and business intelligence firm, the Senior Vice President of a global IT and BPO Company and the CEO of an Atlanta Fast Tech 50 technology firm. “HPS’s unwavering objective to build the most skilled, thought-leading leadership team possible has been realized this year and will continue throughout 2013,” said President Todd Doze.
“Phil has an exceptional track record and is one of the most knowledgeable executives in the industry. His appointment with us is a testament to HPS’s vision, as well as our growth and success. Phil will lead our company-wide effort to launch our new Revenue Intelligence Platform, Stingray™,” said Doze. Stingray™ is the healthcare industry’s first fully automated platform designed to identify incremental revenue opportunities when filing bad debt and DSH reporting and complying with IME-GME and transfer DRG reporting requirements. “I immediately recognized that Stingray™ offers a game changing technology that is set to become an essential component for hospitals to maximize their reporting reimbursements. The Stingray™ Platform is the first of its kind to help hospitals automate, optimize, identify and collect revenue,” said Solomon.
HPS has served 500+ client hospitals since 2002 and has successfully recovered over $600mm in reimbursement for these clients by delivered more than 3,500 reporting projects in every MAC Region in the country. HPS anticipates its clients will embrace Stingray’s™ capabilities and integrate its powerful intelligence platform into their revenue cycle processes.
HPS specializes in government reimbursement and payment issues for hospital systems. The company’s solutions target the complex claim-based and cost reporting issues of Medicare DSH and Bad Debt log prep, Transfer DRG, Medicaid and Medicare Eligibility, Medicare Advantage Shadow Billing (IME/GME, HITECH), Denial Management and Readmissions. HPS offers the only fully functional revenue intelligence platform that analyzes all four revenue-reporting segments and returns approved reporting and analysis, which complies with all MAC’s and Medicare’s reporting requirements. With HPS’s technology and services, hospitals are able to increase reimbursements and reduce processing time and costs to a fraction of industry standards. Headquartered in Fort Worth, Texas, HPS is an active participant of HFMA and has met the strict criteria to become an HFMA Peer Reviewed Company for Medicare reimbursable bad debt review services.