Chicago - February 3, 2005 – CodeCorrect, Inc. announced today that the company has received the coveted Peer Reviewed designation from the Healthcare Financial Management Association (HFMA) for its RevenueSource™ suite of hospital revenue cycle management products. RevenueSource is the latest addition to a short and exclusive list of products peer reviewed and approved by the HFMA.
The HFMA Peer Review process is a rigorous evaluation conducted by a panel of current product customers, prospects who have not purchased the product, HFMA members and HFMA technical directors. HFMA Peer Reviewed products must meet the following criteria:
- Demonstrated return on investment, with improved productivity or process effectiveness
- Accurate, effective and easy to use
- Superior customer service and technical support
"For years HFMA members have asked us to identify viable healthcare finance resources and to filter some of the noise in the market place," says HFMA President and CEO Richard L. Clarke, FHFMA. "We see the Peer Review process as a powerful opportunity to do just that."
CodeCorrect’s RevenueSource Suite consists of four modules designed to enable hospitals to monitor, manage, and maintain their revenue cycle operations. The RevenueSource Suite contains:
- KnowledgeSource™ expedites access to outpatient procedure, diagnosis, modifier and pass-through coding intelligence and regulatory information to optimize appropriate revenue sourcing and compliance.
- CDM Manager™ analyzes, updates, validates and enables the modification and communication of hospital chargemasters.
- ABN Manager™ helps hospitals recover, rather than write off, certain outpatient charges by enabling generation of CMS-compliant ABN forms.
- RevenueDashboard™ assists executive-level and departmental managers in monitoring and managing outpatient departments by analyzing services and resources consumed.
“We are thrilled to receive HFMA’s Peer Reviewed designation for our entire RevenueSource™ Suite of products,” relates Kerry Martin, CEO of CodeCorrect, Inc. “CodeCorrect is an industry leader in providing online revenue cycle solutions to hospitals and adding the trusted name of HFMA to our list of partners is additional assurance to our customers that CodeCorrect products and services are a valuable investment in achieving and maintaining fiscal health.”
About CodeCorrect
CodeCorrect is dedicated to protecting the healthcare system by simplifying information and improving communication through the integration of products, knowledge and technology. With online, one-stop coding and compliance solutions, CodeCorrect gives healthcare organizations the tools and information they need to achieve and maintain fiscal health. CodeCorrect solutions have been peer reviewed by the Healthcare Financial Management Association and are trusted and used in hundreds of hospitals and by thousands of physicians nationwide. CodeCorrect is a strategic partner of Health Forum, an affiliate of the American Hospital Association. For more information on CodeCorrect, visit www.codecorrect.com or call 877-937-3600.
ABOUT HFMA
HFMA is the nation's leading membership organization for more than 33,000 healthcare financial management professionals employed by hospitals, integrated delivery systems, managed care organizations, ambulatory and long-term care facilities, physician practices, accounting and consulting firms, and insurance companies. Members' positions include chief executive officer, chief financial officer, controller, patient accounts manager, accountant, and consultant. HFMA offers educational and professional development opportunities, information on key issues, technical data and networking opportunities, with the ultimate goal being to create a more supportive environment in which members do their business. For more information, visit the Association’s Web site at www.hfma.org.
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