FRISCO, Texas--(BUSINESS WIRE)-- The Healthcare Financial Management Association (HFMA) has announced that, following rigorous review, Conifer Health Solutions has once again consistently met the “Peer Reviewed by HFMA®” standard. HFMA recently reviewed Conifer's offerings as part of the annual evaluation process necessary to maintain Conifer's Business Office Management Solution HFMA Peer Reviewed designation.
Conifer Health Solutions' Business Office Management Solution focuses on two critical areas of A/R management for healthcare providers:
- Third-Party Billing and Follow-up for Medicare, Medicaid, and Insurance payors: Provides denials management, clinical appeals, and credit balance resolution
- Self-Pay and Bad Debt Collection: Provides patient liability process follow-up serviced by Conifer's skilled in-house customer service team, which includes a licensed collection agency for bad debt recovery
Conifer’s A/R management services include billing, follow-up, denial management, contract management and underpayment recovery, self-pay collections and statement production, customer service, cash application and quality control. Conifer’s billing and collection operating model includes the patent-pending use of MicroSegmentationSM to understand payor behavior and route accounts to the appropriate specialist who then leverages payor-specific tools and knowledge for billing and follow-up practices. This process streamlines employee work effort and payment processing resulting in greater efficiency, higher quality and improved performance.
“We are very pleased to receive this important recognition from HFMA. Conifer’s vision is to be the industry-recognized leader in delivering business process solutions to healthcare providers, and HFMA’s Peer Review approval is a tremendous third-party validation that we are fulfilling this vision,” said Stephen Mooney, president of Revenue Cycle Solutions at Conifer Health Solutions.
HFMA's Peer Review process is designed to provide healthcare finance professionals with an objective third party evaluation of products and services used in the healthcare finance workplace. The rigorous, eleven-step process consists of a peer review panel that includes current customers, prospects who have not made a purchase, and expert HFMA Peer Review board members. Peer Review status approval of the product or service and its performance claims are based on effectiveness, quality and usability, price, value, and customer and technical support.
“We’re pleased to have Conifer Health Solutions renew their HFMA Peer Reviewed designation,” says HFMA President and CEO Richard L. Clarke, DHA, FHFMA. “The HFMA Peer Review process assures our members, through a rigorous evaluation, that the reviewed product or service meets an objective third party evaluation that assesses overall effectiveness, quality, and value.”
About Conifer Health Solutions
Conifer Health Solutions provides Revenue Cycle and Patient Communications services to more than 100 hospitals and health systems nationwide. Conifer utilizes proprietary workflows and technology to offer comprehensive Revenue Cycle Solutions ranging from patient pre-registration to Health Information Management and Clinical Revenue Cycle services to the processing of governmental, managed care and self-pay claims. The company also provides best-in-class Patient Communications services that include physician referrals, patient education, marketing services and pre-admission clinical appropriateness reviews.
Born from healthcare, Conifer Health Solutions is headquartered in Dallas, Texas, and employs 3,400 people. For more information, call 1-877-CONIFER or visit the company’s website at www.coniferhealth.com.
Conifer Health Solutions, Inc. is a wholly owned subsidiary of Tenet Healthcare Corporation (NYSE:THC). Some of the statements in this release may constitute forward-looking statements. Such statements are based on our current expectations and could be affected by numerous factors and are subject to various risks and uncertainties, certain of which are discussed in Tenet’s filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended Dec. 31, 2010, quarterly reports on Form 10-Q, and periodic reports on Form 8-K. Do not rely on any forward-looking statement, as we cannot predict or control many of the factors that ultimately may affect our ability to achieve the results estimated. We make no promise to update any forward-looking statement, whether as a result of changes in underlying factors, new information, future events or otherwise.
The Healthcare Financial Management Association (HFMA) provides the resources healthcare organizations need to achieve sound fiscal health in order to provide excellent patient care. With over 37,000 members, HFMA is the nation's leading membership organization of healthcare finance executives and leaders. HFMA helps its members achieve results by providing education, analysis, and guidance, and creating practical tools and solutions that optimize financial management. The organization is a respected and innovative thought leader on top trends and challenges facing the healthcare finance industry. From addressing capital access to improved patient care to technology advancement, HFMA is an indispensable resource on healthcare finance issues. www.hfma.org
* HFMA staff and volunteers determined that this product has met specific criteria developed under the HFMA Peer Review Process. HFMA does not endorse or guaranty the use of this product.
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Conifer Health Solutions
John Hoffmann, 972-335-6104
Sophia Stoller, 972-335-6134
KEYWORDS: United States North America Texas
INDUSTRY KEYWORDS: Practice Management Health Hospitals Professional Services Accounting Managed Care