Together, Sphere and RMS will allow for a more complete view of the revenue cycle, including health plan and patient-level payment data.
Nashville, TN, November 7, 2019—Sphere, the leading provider of end-to-end integrated payments and security software, has partnered with Revenue Management Solutions (RMS), the leading technology-based healthcare remittance automation platform, allowing RMS to provide a comprehensive payment platform spanning across payer and patient payments.
RMS simplifies the complete revenue cycle by automating remittance management and eliminating manual processes. This solution scales to fit the unique needs of any healthcare provider from a single-doctor practice to a multi-facility hospital system. Trusted by more than 40 commercial banking partners and 1,000 providers, RMS solutions save time, reduce costs and improve efficiency.
The combination of the Sphere payment platform and RMS will greatly enhance remittance processing by allowing for a more complete view of patient revenue that includes both health plan and patient-level transaction data. Through dashboard and reporting tools, users will benefit from a clearer picture of health plan, patient payments, the payments breakdown, and other valuable insights.
With deep integrations into popular Electronic Health Record (EHR) software, the Sphere payment platform delivers broad payment acceptance functionality that is highly secure, compliant, and scalable.
“RMS has a long established track record in solving the complex challenges of healthcare remittance processing,” said Steve Rizzuto, Chief Executive Officer of Sphere. “With relationships with top financial institutions and other large health systems, we are pleased to partner with RMS.”
“At high velocity, Sphere is expanding our strategic partnerships to include more of the healthcare revenue cycle,” said Andrew Rueff, Executive Chairman of Sphere. “As patient out of pocket expenses increase and become a greater part of healthcare providers’ revenue, solutions that provide consolidated financial information are critical. Our combined solution with RMS achieves this goal and much more.”
“Sphere’s commitment to providing secure, integrated payment processes allows us to expand our offerings to our healthcare and financial customers alike while maintaining the sacred trust we have earned,” said Scott Thomas, Chief Executive Officer of RMS. “We are very excited to partner with Sphere to help shape the new payment experience from that of a patient to a customer in the healthcare market.”
For more information on Sphere, please visit https://www.spherecommerce.com.