Chicago, IL - August 30, 2012 - Today, the Healthcare Financial Management Association (HFMA) announced this year's winners of the MAP Award for Performance Improvement in Revenue Cycle.
The MAP Award for Performance Improvement recognizes healthcare organizations that demonstrate measurable improvement in a specific or multiple MAP Keys - key performance indicators that set the standard for revenue cycle excellence in the healthcare industry. This year's winners, the first recipients of the Performance Improvement award, have shown how their targeted improvement initiatives have improved financial performance.
"Winners of the MAP Award for Performance Improvement have demonstrated that they can do what it takes to move their revenue cycle metrics. Their commitment and hard work are an inspiration to others," said Joseph J. Fifer, HFMA's President and CEO.
John Vetsch, Director of Revenue Cycle Regional Health at Spearfish Regional Hospital, and winner of the inaugural award, added, "We're delighted to have been chosen as a recipient of the 2012 MAP Award for Performance Improvement in Revenue Cycle. Improving our financial performance took the efforts of our revenue cycle staff organization-wide and I commend their hard work. We look forward to sharing our performance improvement initiatives with others at MAP Event so they can generate real results that improve performance in their organizations."
The winners of the 2012 MAP Award for Performance Improvement are:
- Centra Lynchburg General Hospital, Lynchburg, VA
- Community Hospital of the Monterey Peninsula, Monterey, CA
- St. Mary's Health Care System, Athens, GA
- Spearfish Regional Hospital, Spearfish, SD
The award recipients will be honored during a special presentation at HFMA's MAP Event, October 28-30 in San Diego, California. The MAP Award for Performance Improvement in Revenue Cycle is sponsored by Parallon Business Solutions.
About the MAP Awards
HFMA's MAP Awards recognize healthcare organizations that achieve excellence or demonstrate substantial improvement in revenue cycle performance and serve as models for the healthcare industry. www.hfmamap.org/mapawards/
About HFMA's MAP
Created by healthcare leaders, HFMA's MAP offers organizations revenue cycle tools to Measure performance, Apply evidence-based practices, and Perform to the highest standards-and be recognized for excellence. MAP is a comprehensive strategy that establishes the definitive indicators of revenue cycle performance (MAP Keys); offers a web-based tool (MAP App) to track performance throughout the cycle and recommend strategies for improvement; honors excellence through the MAP Awards; and shares lessons of the leaders at the annual conference (MAP Event). www.hfmamap.org/
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 more than 39,000 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. hfma.org
Healthcare Financial Management Association