The HFMA Peer Reviewed designation further underscores the value and relevance of Conifer Health’s solutions in today’s complex healthcare environment, as well as its role in preparing healthcare providers for impending business challenges, including the anticipated impact that reduced reimbursement rates will have on hospitals. The recognition specifically cites Conifer Health’s Business Office Management Solution, which is part of the company’s industry-leading, comprehensive and client-responsive Revenue Cycle Management suite.
“We are honored to again receive the HFMA Peer Reviewed designation, especially as hospital leaders continue to look for a partner to help them overcome financial challenges that include shrinking margins due to impending hospital reimbursement reductions,” said Janie Patterson, senior vice president, Revenue Cycle Management for Conifer Health. “Today, hospitals can no longer afford to miss out on any revenue they have earned. The importance of effective revenue cycle management will continue to be reflected in hospitals’ margins. We’re pleased to offer Patient Financial Services solutions, whose value and relevance continues to be validated by clients and prospects, in addition to HFMA, a well-respected, unbiased third-party organization.”
Conifer Health’s Business Office Management Solution focuses on prioritizing and collecting revenue through technology, expertise and a process-driven approach to increase and accelerate cash flow, reduce accounts receivable days, and improve yield. This solution concentrates efforts in areas vital to hospitals’ financial performance, including medical eligibility and financial counseling, denials management, third-party and self-pay collections.
HFMA’s Peer Review process is designed to provide healthcare financial managers with an objective, third-party evaluation of products and services used in the healthcare finance workplace. The rigorous, 11-step process includes a peer review panel consisting of current customers, prospective customers who have not made a purchase, and expert HFMA Peer Review board members. The Peer Reviewed designation of a product or service and its performance claims are based on effectiveness, quality and usability, price, value, and customer and technical support.
“HFMA’s Peer Review process provides our membership with the assurance that those who have earned the designation have met a rigorous screening process,” says HFMA President and CEO Joseph J. Fifer, FHFMA, CPA. “The Peer Reviewed designation helps members and others identify and evaluate products and services that their organization may need. It can also create brand awareness and recognition in the healthcare finance marketplace for Peer Reviewed products and services.”