Key Highlights
- Nomi Health and Tellus Wellness partner to streamline provider payments.
- Providers are paid in just 24 hours, reducing typical 30-60 day cycles.
- Accelerated payments eliminate administrative waste and revenue management strain.
- Expansion plans for Tellus Wellness in Missouri and beyond.
Source: Business Wire
Notable Quotes
- “Contracting with and retaining quality, talented providers hinges greatly on our ability to process provider payments on time — a requirement shared by provider groups across the country. Our providers have told us the benefit of being paid within days — not months — through a direct payment system is ‘a game-changer.” – Donna Goldin Evans, CEO and Co-founder at Tellus Wellness
- “Archaic payment processes to providers are unsustainable. They are wreaking havoc on provider groups across the country, making revenue management almost impossible. The good news is that this is 100% avoidable, and groups such as Tellus Wellness are leading the charge in adopting modern payment systems for the benefit of providers and their patients.” – Boe Hartman, CTO and Co-Founder at Nomi Health
- “With Tellus Wellness and Nomi Health, the benefits are straightforward, and we are reimbursed quickly and seamlessly,” – Dr. Hunter Greenwood, Owner at Chiropractic Plus
SoHC's Take
The partnership between Nomi Health and Tellus Wellness represents a significant advancement in healthcare payment processing, addressing a critical issue that has long plagued provider groups nationwide. By ensuring payments are made within 24 hours, the collaboration not only enhances provider satisfaction but also reduces administrative burdens and improves overall revenue-cycle management. This move towards more efficient, technology-driven payment systems is essential for the sustainability of healthcare providers and highlights the potential for further innovations in healthcare economics. With Tellus Wellness’s planned expansion, this partnership is poised to have a substantial positive impact on the healthcare landscape.
