About Healthcare Payment Specialists
Founded in 2002, Healthcare Payment Specialists, LLC (HPS) provides technology enabled solutions for health care eligibility, government reimbursement and compliance to hospitals and healthcare systems across the country. Using its STINGRAY software platform, HPS delivers solutions on a software-as-a-service (SaaS) basis or through outsourced service engagements.
HPS’s solutions target Medicare reimbursement issues where complex regulations and the amount and variety of data required make it difficult for hospitals to obtain the payments they are entitled to receive. HPS offers differentiated value for these issues by using superior technology and deep domain experience to increase reimbursement and to provide analytics and information to help hospitals improve their internal processes.
The success of HPS’s approach can be measured through current partnerships with over 500 hospitals across the country, over $1.3B in recoveries and an audit success rate that approaches 99%. Additionally, STINGRAY has received the prestigious HFMA Peer Reviewed designation for four (4) separate modules: Medicare Reimbursable Bad Debt, Medicare Disproportionate Share, Shadow Billing Compliance and Transfer DRG. HPS is the only company to have received this designation for Medicare Reimbursable Bad Debt.
Contact us today to learn more about HPS and what we can do for your hospital.