Chicago - August 28, 2012 - The Healthcare Financial Management Association (HFMA) today announced that, following a rigorous review, 3M Health Information Systems has once again consistently met the "Peer Reviewed by HFMA®" standard for 3M Ambulatory Revenue Management Software (ARMS). HFMA recently reviewed the 3M software as part of the evaluation process necessary to maintain 3M's HFMA Peer Reviewed designation.

3M ARMS merges coded data from the chargemaster, health information management (HIM) department, UB-04, and remittance advice with industry-standard and 3M-proprietary edits into a central database, making it possible for healthcare facilities to monitor data accuracy, validate medical necessity, and audit for compliance purposes throughout the entire revenue cycle. It supports the full range of ambulatory care settings, including same-day surgery units, hospital emergency rooms, and hospital-based outpatient clinics.

"We are extremely pleased to have earned Peer Review status from HFMA," said Lisa Meredith, Vice President of Coding, Compliance and Abstracting for 3M Health Information Systems. "It's especially rewarding to know that our customers who participated in the evaluation, as well as independent experts, gave 3M ARMS high scores for the product's quality and value."
 
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 workplace. The rigorous, eleven-step process includes a panel review made up of current customers, prospects who have not made a purchase, and industry experts. Peer Review status 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 3M Health Information Systems renew their HFMA Peer Reviewed designation," says HFMA President and CEO Joseph J. Fifer, FHFMA, CPA. "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 HFMA

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.  

Contact HFMA

Jay Keltner
Director of Marketing
(708) 492-3329
jkeltner@hfma.org  

About 3M Health Information Systems

Best known for its market-leading coding system and ICD-10 expertise, 3M Health Information Systems delivers innovative software and consulting services designed to raise the bar for clinical documentation improvement, computer-assisted coding, mobile physician applications, case mix and quality outcomes reporting, and document management. Our robust healthcare data dictionary and terminology services also support the expansion and accuracy of the electronic health record (EHR) system. With nearly 30 years of healthcare industry experience and the know-how of more than 100 credentialed 3M coding experts, 3M is the go-to choice for more than 5,000 hospitals worldwide that want to improve quality and financial performance. 3Mhis.com

Contact 3M Health Information Systems

Mollie Houns
Price Houns Associates
(952) 920-6951
mhouns@pricehouns.com