Chicago — June 13, 2013 – The Healthcare Financial Management Association (HFMA) recently reviewed Holliday & Associates' ChargeAssist® using the Peer Review Process. After undergoing the rigorous review, ChargeAssist® has been awarded the “Peer Reviewed by HFMA®” designation.

ChargeAssist® is an “all-in-one” Charge Management solution for both small and large enterprise organizations. The web-based solution is a single source tool for CDM auditing, charge pricing, charge change management, and keeping abreast of regulatory resources. Holliday & Associates realized hospitals struggle with effectively auditing and collaborating on Charge Management because of the lack of easy-to-use tools. ChargeAssist® was developed from the ground up to redefine how hospitals manage their CDM. The ChargeAssist® suite contains:

  • CDM Auditor™ reinvents the audit process for annual and ongoing CDM maintenance.
  • Price Analyzer™ supports unlimited price modeling for hospital and physician charges, utilizing market data, cost, fee schedules, and charge utilization to ensure transparent pricing.
  • Change Monitor™ resolves CDM Management’s biggest challenge – automating user collaboration and documentation of charge changes.
  • Ultimate Research Center™ is a single source coding and regulatory resource, providing cost savings on expensive third party resources, and ensuring smarter staff. 

“The Peer Review designation is an exciting accomplishment for Holliday & Associates. We are honored that HFMA has accepted us into a small fold of products and services that represents the best that healthcare providers across the US can obtain,” said Rosemary Holliday, Principal and partner of Holliday & Associates. “Receiving this designation comes at a time when renewed attention to the Charge Master is an operational objective all healthcare providers are realizing.” Bud Carroll, CIO and developer of ChargeAssist® added, “our customers came to us for a new and fresh Charge Management solution, as other products lacked functionality, and sold for pricing difficult to justify. ChargeAssist® development was based on the concepts of flexibility, robust functions, and ease of deployment for all sizes of health care systems. The high standards of HFMA's Peer Review validates our efforts to provide healthcare providers a best-of-breed solution.”

HFMA's Peer Review process provides 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 Peer Review panel review comprised 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.

“HFMA’s Peer Review process provides our membership with the assurance that those who have earned the designation have undergone a rigorous screening process,” says HFMA President and CEO Joseph J. Fifer, FHFMA, CPA. “The Peer Reviewed designation helps both members and non-members identify superior products and services. 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 40,000 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

Scott Kenemore
Healthcare Financial Management Association
(708) 492-3389

About Holliday & Associates

Since 1990 Holliday & Associates has provided Charge Management products and services to hospitals nationwide. ChargeAssist® is the result of our extensive Charge Master, healthcare and software development expertise. Our strategic approach to CDM product development is based on hands-on CDM Review work, customer feedback, and our knowledge of CDM best practices.

Contact Holliday & Associates

Bud Carroll
(800) 831-3323, ext. 2