Osigu Payments is a powerful financial platform designed to streamline the management of healthcare invoices, cash advances, and payment processing. Built specifically for healthcare providers, payers, and suppliers, It empowers organizations to handle accounts receivable and payable efficiently while optimizing cash flow.

This platform addresses common financial challenges in healthcare, such as long payment cycles and liquidity issues, by providing timely cash advances and enabling faster payments. Here’s a quick overview of how Osigu Payments transforms traditional healthcare finance:

Key Benefits

Accelerated Cash Flow: With Osigu Payments, healthcare providers can receive cash advances on invoices that would typically take longer. This is especially beneficial for providers facing long payment cycles from insurance companies and other payers.

Efficient Accounts Payable Management: Providers can pay their suppliers sooner using the funds from cash advances, improving relationships with suppliers and potentially receiving early payment discounts.

Risk-Based Cash Advance Options: Using data from Osigu’s healthcare platform, each invoice is assessed for risk. This enables providers to receive advances with customized fees and percentages based on the invoice's risk profile. Invoices with lower risk receive better terms, encouraging accurate and complete submissions.

Seamless Integration Across Platforms: Osigu Payments seamlessly integrates with other Osigu systems, including claims processing and revenue cycle management (RCM). It can also integrate with a provider’s ERP systems, allowing for automated, accurate invoicing and real-time updates.

How Osigu Payments Works

The Osigu Payments platform seamlessly connects multiple stakeholders and systems to facilitate efficient financial transactions across the healthcare industry. Here’s how each component interacts within the platform:

1. Invoice Registration: Invoices are generated by the healthcare provider’s ERP system and can be registered directly into Osigu Payments from their ERP or through Osigu platforms like Osigu Claims or Osigu RCM. This registration process ensures that all invoice data is accurately captured within the Osigu Payments system, minimizing errors and reducing delays in subsequent financial workflows.
2. Cash Advance Requests: Healthcare providers can request cash advances on pending invoices. Each advance request undergoes a risk assessment to determine the applicable fee and percentage of the invoice amount eligible for advance. This process allows providers to access funds sooner, alleviating cash flow constraints associated with long payer cycles.
3. Payments and Accounts Payable: Once a cash advance is received, providers can use these funds to pay their suppliers ahead of the original due date. This enables providers to benefit from early payment discounts and strengthens supplier relationships by ensuring timely payments.
4. Web Portal for Access and Control: Both providers and payers have access to a secure web portal, allowing them to view registered invoices, explore cash advance options, manage payments, and track transaction statuses. Providers can initiate cash advances and make payments directly through the portal, with real-time visibility into their financial operations.
5. Integration with Payment Processors: Upon approval of a cash advance or payment, Osigu Payments triggers an integration with external payment processors to facilitate secure fund transfers between providers, payers, and suppliers. This integration streamlines the transaction process, ensuring that payments are executed quickly and accurately.