Chicago - April 17, 2012 - The Healthcare Financial Management Association (HFMA) recently reviewed Professional Finance Company, Inc. (PFC) using the Peer Review Process. After undergoing the rigorous review, PFC has been granted the "Peer Reviewed by HFMA®" designation for two of its offerings:

1. First Party Receivables Solution is a customized early out self-pay accounts receivable management program that utilizes advanced call center technology to lower hold-times and minimize abandoned calls. Results include improved cash flow and patient satisfaction, reduced days in accounts receivable, reduced bad-debt expense, and increased charity care assistance.

2. PFC Bad-Debt Collection Services provides assistance to healthcare organizations to assist patients in resolving their financial obligations. Through the use of advanced collection and integrated dialer technology, hospitals are able to maximize their reimbursement on their bad-debt write-offs.

"As active participants in HFMA, we fully understand and appreciate the significance of receiving the Peer Review designation.  For us to meet the high standards required to earn this designation is a reflection on our company's unwavering commitment to our core values of integrity, accountability, and professionalism," said Mike Shoop, President and CEO of Professional Finance Company and First Party Receivables Solution. "We are proud to have achieved this designation from HFMA."

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, eleven-step process consists of a peer review panel consisting of 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.

"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 Richard L. Clarke, DHA, FHFMA.  "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.
 

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 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.  

Contact HFMA

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

About Professional Finance Company, Inc.

For over a century, Professional Finance Company, Inc. (PFC) has been helping healthcare organizations and their patients resolve their financial obligations for the benefit of all parties in a manner consistent with our core values of integrity, accountability and professionalism. More than 1,200 healthcare providers, hospitals and healthcare systems use PFC to recover their self-pay accounts receivables. www.pfccollects.com