Chicago - May 24, 2012 - The Healthcare Financial Management Association (HFMA) today announced that, following rigorous review, U.S. Bank has once again consistently met the Peer Reviewed by HFMA® standard. HFMA recently reviewed U.S. Bank as part of the evaluation process necessary to maintain U.S. Bank Payment Navigator's HFMA Peer Reviewed designation.

U.S. Bank Payment Navigator is a web-based payment tool that improves up-front collection of patient payables and reduces bad debt. Its functionality includes insurance eligibility, out-of-pocket patient payment estimation, one-time payments, payment plans, and dynamic management reports.

"We are honored by the renewal of Payment Navigator's Peer Review designation, as well as the continued support of both HFMA and clients nationwide," says Ralph Bernstein, Senior Vice President of Emerging Strategies and Innovation at U.S. Bank. "Payment Navigator has been a leading choice for providers looking to improve their revenue cycle and patient satisfaction."

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 U.S. Bank renew their HFMA Peer Reviewed designation," says HFMA President and CEO Richard L. Clarke, DHA, FHFMA. "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 U.S. Bancorp

U.S. Bancorp (NYSE: USB), with $340 billion in assets, is the parent company of U.S. Bank, the 5th-largest commercial bank in the United States. The company operates 3,085 banking offices in 25 states and 5,013 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions.