RJD Green Healthcare Division has developed a business model that utilizes the healthcare industry experience and extensive industry relationships of RJDG’S management and team.
RJD Green Healthcare Division has long-term relationships with many key providers within the service sectors of the healthcare industry.
As well, there are relationships with most major hospital systems and surgical centers throughout the United States. The initial focus is the acquisition of companies that provide services that reduce cost and enhance management capability through support services within the healthcare industry.
An additional opportunity is to utilize the hospital relationships to create significant revenues by sourcing additional value-added products and services for distribution into the supply chain operators of multiple hospital groups and others, creating a user-friendly one source option.
The first RJD Green Healthcare Division services acquisition was IoSoft Inc. This Company provides discrete payment technologies, services, and software that can be integrated into targeted offerings.
About IOSoft Inc.
Since 2006, the IOSoft team has pioneered the development of automated health care claim processing and payment systems in the $4.4 billion Medical Claims Processing Services industry. Building on its extensive experience, IOSoft is pleased to present ioSoft Suite™ its latest Cloud Based system that features an array of software packages that provides real time processing of claims from start to finish in seconds while providing a robust multilevel communication environment between the Plan Administrator, the Provider, and the Patient. IOSOFT is also a third-party developer of software and provides IT support for the platforms developed.
RJD Green Inc. (OTCPK: RJDG) announced their subsidiary, IOSoft Inc., is launching their national business development program for the three integrated software platforms recently acquired in conjunction with their current expedited payment system.
IOSoft management stated they are initiating the national launch of ioSoft Suite, a state-of-the-art interoperability communications technology jointly utilized by the Provider, the Member, and the Health Plan. This one-of-a-kind communications platform is crucial to resolving problems found in 7.5 percent of health claims; $280 Billion dollars annually. The successful acquisition and integration of these interrelated software platforms heralds the beginning of a generation of integrated software platforms from IOSoft.
Each platform is designed to fully integrate with the customer’s existing systems and may be purchased separately or all together.
The expedited payment system, ioSoft Unified Payment System, previously launched, complements ioSoft Complete creating a “hands off” fully automated EDI 837 payment system consisting of Admin Claims Adjudication and Reporting, which includes, as an option, CC Systems paper claim conversion to EDI 837.
A thumbnail of each software is listed below.
ioSoft Suite© – is the ultimate Medical Administrative, Claims, Communication, Payment and Reporting System that enables the user to maximize income and minimize expense . ioSoft Suite© is state of the art communications and health claims problem resolutions. The following packages are available separately or for maximum results collectively.
CC System© – is a high-speed OCR (Optical Character Recognition) processing package in the market that minimizes labor costs and maximizes productivity, enabling you to administer 125 claims per hour nearly error free.
ioSoft Complete© – is the most robust and comprehensive claim processing and adjudication system available. ioComplete© runs in real time with our CC System© to process the claim to payment ready in seconds. ioComplete©’s sophisticated process catches all errors or omissions and produces an exception report that enables timely resolution and continued process of the claim. Monthly, Quarterly, Semi-annual, and Annual reporting is totally automated and completely user defined.
ioSoft LinkUP© – the ultimate communication interface that enables the plan participant to access their ID card, update enrollment and access their claim information 24/7 using their iPhone or Android. The Plan Administrator has 24/7 access through their tablet or laptop to review and approve enrollment or access the system data base as needed.
ioSoft Unified Payment System© or ioUPS© – is a Cloud Based System that provides a common portal, giving the Provider and Payor a Gateway, allowing greater communication and a common decision matrix. Through the portal, the Provider can approve the claim and choose their preferred method of payment. If there is a payment dispute, the portal provides access to the claim for both the administrator and provider for dispute resolution prior to payment. Zero re-association issues. ioUPS© offers every available payment type with enhancements to traditional payment types and patent pending new technology, including instant payment, with significant cost savings.
Healthcare Sector IT Services Acquisition
IoSoft was formed in 1998 by the current principal, Vincent Valentine, to provide proprietary software for medical billing, Healthcare claims adjudication, automotive warranty payments, and electronic payments between healthcare Payers and Providers, and several other platform developments. Since formation, IoSoft has been a third-party developer of software and provides IT support for the platforms developed. Most of the Company’s efforts have been Healthcare oriented in paperless claim filing and provider payment services.
Southbridge Advisory Group assisted IoSoft in procuring the resources needed to launch complete marketing and customer support operations successfully. This has allowed IoSoft to create rapid growth in the procurement of product development and support contracts with major industry corporations in and through direct sales of their proprietary software. Another revenue stream with significant revenue potential for IoSoft is the licensing of its software to large companies that utilize the technology to perform in-house servicing of clients.
IOSoft provides proprietary software for medical billing, Healthcare claims adjudication, automotive warranty payments, and electronic payments between healthcare Payers and Providers, along with custom payment software platforms for corporations, government & institutional organizations. Since formation, IOSOFT has been a third-party developer of software providing IT support for the platforms developed along with all “back office” services to include sales and marketing support.
The primary focus of IOSoft is in healthcare payment systems where IOSoft can provide unique payment technologies and services or software that can be integrated with legacy or existing systems of healthcare payers and providers such as, major health insurance carriers and third-party administrators. IOSoft provides targeted product offerings for healthcare providers, provider networks, physicians and hospitals, and clearinghouse companies.
Initial efforts of IoSoft are in healthcare payment systems that provide unique payment technologies and services or software that can be integrated with legacy or existing systems of healthcare payers, such as, Blue Cross, Aetna, CIGNA and others. IoSoft provides targeted product offerings for healthcare providers, provider networks, physicians and hospitals; and clearinghouse companies such as Relay Health, a McKesson division, and SSI – ClaimsNet. The IoSoft team has years of experience and relationships within the more than one million providers in the healthcare market.