Healthcare Payment Specialists (HPS) was founded in 2002 by a former hospital CFO. He recognized that changing regulations and the inherent complexity of certain Medicare payment areas made it difficult for hospitals to obtain the full amount of payments they were entitled to receive. HPS was created to help hospitals obtain those payments, and that’s what we continue to do today.
We focus on Medicare payment areas where superior technology and deep domain experience can drive significant improvements in reimbursement. This focus has led over 500 hospitals to partner with us today and allowed us to recover over $1.3B in Medicare reimbursement for our clients. It also led us to develop STINGRAY, the only SaaS-enabled platform that allows hospitals to in-source these payment issues — giving hospitals control over the data while delivering superior value and analytics. STINGRAY has received the prestigious Peer Reviewed designation from Healthcare Financial Management Association (HFMA).
You can learn more about HPS below or you can contact us to speak with one of our team members.
Since 2002, HPS has been a leader in Medicare reimbursement. With a clear focus, superior technology and deep expertise, HPS currently works with over 500 hospitals across the country.
- Leader in Medicare Reimbursement Solutions. HPS is a market-leading provider of government reimbursement software and advisory solutions for over 500 hospitals across the country.
- Highly Differentiated Technology Solutions. HPS has disrupted a highly fragmented sector of the Healthcare Revenue Cycle by offering a unique software tool on a subscription model directly to hospitals.
- Proven Value Delivered to Clients. HPS delivers an average ROI of 10X and has recovered more than $1.3B in lost revenue with a 98% audit success rate for claims submitted to CMS on behalf of our hospital clients.
- Highly Scalable SaaS Platform. HPS’s reimbursement suite of products is delivered via STINGRAY, a Software-as-a-Service (SaaS) platform that provides analytics and reporting compliance focused on the most complex government reimbursement challenges.