Chicago - August 6, 2012 - The Healthcare Financial Management Association (HFMA) today announced that, following rigorous review, Healthcare Payment Specialists (HPS) has once again consistently met the "Peer Reviewed by HFMA®" standard. HFMA recently reviewed HPS as part of the evaluation process necessary to maintain HPS's HFMA Peer Reviewed designation.

HPS provides a full range of Medicare Reimbursable Bad Debt services from initial bad debt log preparation to retrospective reviews with expertise in crossover, charity and self-pay bad debts. With the assistance of HPS's web-based Stingray™ software, HPS speeds the accurate calculation of additional reimbursement owed to its partner hospitals with direct access to Medicare and Medicaid EDI feeds and use of data analysis engines to make faster and more informed recovery determinations. HPS has a 99.75% success rate on all claim submissions and runs Bad Debt calculations in less than five minutes.

"This is the third year in a row that HPS has received the HFMA Peer Review designation," said Todd Doze, president of HPS. "We are excited to know that HPS continues to deliver high quality results that increase reimbursement and compliance to our hospital partners."

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 HPS 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  

About HPS

HPS specializes in government reimbursement and payment issues for hospital systems. Combining industry experience and automated technology, HPS has created a new industry standard by recovering over $300mm in reimbursement on behalf of 500 active hospital clients. The company's solutions target the complex claim-based and cost reporting issues of Medicare DSH and Bad Debt log prep, Transfer DRG, Medicaid and Medicare Eligibility, Medicare Advantage Shadow Billing (IME/GME, HITECH), Denial Management and Readmissions.

Contact HPS

Amber Graham
Healthcare Payment Specialists
(817) 232-7501