Omega Healthcare Named Leader in Medical Coding Operations PEAK Matrix® Assessment 2023

The report is a comparative assessment and detailed analysis of twenty-two operating service providers. Medical coding is one of the most outsourced segments of the Revenue Cycle Management (RCM) value chain. The demand for qualified medical coders, the increase in value-based care contracts requiring risk-adjusted coding, and the increase in chronic diseases in the population have contributed to the increased complexity associated with medical coding processes. This complexity has driven healthcare providers to seek help from third-party providers to support medical coding and ensure a smooth revenue cycle.

This citation follows a “Star Performer” designation in the PEAK Matrix of Revenue Cycle Management (RCM) Operations® 2022 Rating by Everest Group. Since 2017, Omega Healthcare has achieved Star Performer status twice with the RCM Operations PEAK Matrix assessment, as well as Market Leader or Major Competitor rankings.

“Omega Healthcare is honored to be recognized as a leader by Everest Group in the PEAK Matrix assessment of medical coding operations. market impact is a testament to our team Our DNA is based on helping vendors and partners achieve highly accurate and compliant medical coding as a key strategy to optimize their revenue cycle,” said Anurag MehtaCEO of Omega Healthcare.

“We expect to remain in the upper right quadrant as Omega Healthcare has invested in breakthrough technology that physicians can use to improve clinical documentation and VUR. By giving physicians the right data via RevCDI, we’ve seen customers improve compliance and quality, and optimize reimbursement by 5-15%. We believe our CDI-led approach to coding sets us apart from the competition,” Mehta said.

“We have seen firsthand the challenges providers face when managing the complexity of medical coding. New code sets, ever-changing regulations, and the wide variety of payer contracts create a challenging environment for services. of vendor coding, and these challenges pale in comparison to We are investing in the recruitment, management and professional development of our 6,000 medical coders who specialize in HCC, occupational and facility coding, so that our clients do not have not to do said Michael DiMarco, President and Chief Revenue Officer. “Our technology solutions and analytical approach help healthcare organizations transform and improve their business operations.”

Everest Group Medical Coding Operations Services PEAK Matrix® is a detailed analysis of the major medical coding operations service providers. The matrix provides relative positioning and analysis of service provider capabilities and market shares and Everest Group’s assessment of relative strengths and limitations. The study helps healthcare providers identify the right partners to transform their business processes.

To view the Everest #PEAKMatrix Group medical coding operations® 2023 rating and how 22 medical coding operations service providers compare: https://bit.ly/3Dsl8b3

About Omega Healthcare

Founded in 2003, Omega helps providers, payers, pharmaceutical companies and clinical research organizations increase efficiency, accelerate cash flow and reduce costs while improving patient care. The company streamlines medical billing, coding and collections processes to provide outsourced, comprehensive and scalable revenue cycle management solutions. Omega Healthcare offers remote patient monitoring and telephone and messaging triage to streamline clinical communications with members and patients and provides clinical data management and cancer registry services to the oncology market. Combining the largest medical coding team with proprietary technology, analytics and automation capabilities, Omega is ranked among the top providers of revenue cycle and business process management services by industry analysts.

Omega Healthcare has more than 26,000 employees across United States, India, The Philippines.

For more information, visit https://www.omegahms.com

SOURCE Omega Health

Carol N. Valencia