Outsource Management Group, LLC (OMG, LLC) - Business Profile
Outsource Management Group, LLC (OMG, LLC) is an industry-leading American practice management and outsourcing firm dedicated to providing comprehensive revenue cycle solutions and consulting services to medical physicians, providers, and group practices across the United States. Founded in late 2002 in Bloomington, Indiana, the company has grown into a specialized entity focused solely on the financial health and administrative efficiency of medical practices. OMG, LLC positions itself as an extension of a provider's practice, with the explicit goal of maximizing reimbursement and increasing the overall revenue and income of the medical business. The firm's operational philosophy revolves around the tireless pursuit of ensuring its clients are fully reimbursed for all services rendered.
Continue…Core Business Function and Industry Focus
The fundamental business of Outsource Management Group is Medical and Health (MedTech) Outsourcing, with a primary concentration on Revenue Cycle Management (RCM). Its services are designed to manage the entire financial life-cycle of a patient's account, from claim creation to final payment. By taking on these complex, time-consuming administrative tasks, the company allows medical providers to shift their focus back to patient care and core medical practice. The company utilizes the latest in healthcare technology and reimbursement strategies to offer a complete revenue cycle solution that is tailored to meet the individual needs of any solo provider or group practice nationwide. The firm's expertise is built upon a team of dedicated billing and coding specialists with extensive combined experience in the healthcare and insurance industries.
Products and Services Offered
OMG, LLC offers an array of professional management, consulting, and outsourcing services. These offerings are grouped under their innovative revenue cycle and reimbursement strategies:
I. Medical Billing and Claims Management Services
This constitutes the core service designed to handle all aspects of the practice's accounts receivable and payment process.
* Complete Billing Solutions: End-to-end management of the medical billing process.
* Electronic Claims Submission: Fast and efficient filing of insurance claims.
* Data Entry and Payment Processing: Accurate and timely recording of all financial transactions.
* Follow-Up Functions: Relentless pursuit and comprehensive follow-up on outstanding claims and denied payments.
* Appeals Management: Handling of appeals for denied claims to secure reimbursement.
* Patient Statements: Preparation and distribution of patient balance statements.
II. Medical Coding and Auditing
The company ensures that services rendered are correctly translated into standardized medical codes for proper billing and compliance.
* Medical Coding Services: Providing complete coding solutions that can be either integrated with billing services or handled separately while the practice keeps billing in-house.
* Claims Analysis and Auditing: Reviewing claims to verify that the coding is appropriate and compliant with clinical documentation or dictation.
* Coding Consulting: Expert advice to optimize coding practices and compliance.
* ICD-10 Preparation and Implementation Assistance: Specialized services to guide practices through the transition and adoption of the ICD-10 coding system.
III. Consulting and Compliance Services
OMG, LLC extends beyond transactional services to offer advisory and compliance support to medical practices.
* Medical Billing Consulting: Strategic consulting to improve billing processes and financial performance.
* HIPAA Consulting: Guidance and services to ensure the practice maintains compliance with the Health Insurance Portability and Accountability Act.
* Online Consulting: Providing expert advice and support remotely.
* Consulting Solutions: Broad advisory services for practice management and operational efficiency.
IV. Practice Management Support
Administrative services crucial for the initiation and ongoing operation of a medical practice.
* Physician Credentialing: Complete solutions for all new and relocated medical providers nationwide, managing the process of enrolling with insurance carriers and networks.
* Staff and Provider Training: Educational services for practice personnel to improve internal processes and compliance.
* Customized Management Functions: The ability to adapt and customize service packages to meet the unique functional needs of different practice sizes and specialties.
The ultimate product offered by Outsource Management Group is an unparalleled complete revenue cycle solution that provides clients with constant, 24/7 control to view reports and track their accounts receivable, whether the firm utilizes the practice's existing management system (EHR/EMR) or its own proprietary systems.
