Payments and security software provider Sphere announced that it is teaming up with Oklahoma-based Revenue Management Solutions (RMS), a healthcare remittance automation platform, to offer a comprehensive healthcare payment platform.
While RMS can automate remittance management and scales to fit the needs of any healthcare provider, regardless of size, the Sphere payment platform offers secure, compliant and scalable payment acceptance functionality. The partnership will offer a clear picture when it comes to patient revenue, including both health plan and patient-level transaction data. In addition, dashboard and reporting tools will inform users on health plans, patient payments, payment breakdown and more.
“RMS has a long-established track record in solving the complex challenges of healthcare remittance processing,” said Steve Rizzuto, CEO of Sphere, in a press release. “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, CEO 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.”