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The HFS Journal – Official Blog of Healthcare Financial Systems

Official Blog of Healthcare Financial Systems

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The HFS Journal – Official Blog of Healthcare Financial Systems | blog.hfsystems.com Reviews

https://blog.hfsystems.com

Official Blog of Healthcare Financial Systems

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1

Financial Services – The HFS Journal

http://blog.hfsystems.com/category/financial-services

Official Blog of Healthcare Financial Systems. Preparing for the Revolution in Revenue Cycle Management. For decades, the fee-for-service reimbursement model dominated the insurance landscape. The Shift Toward Managing Populations of Patients. When Medicare came into existence half a century ago, cost- and charge-reimbursement. Was the norm. That evolved toward so-called prospective payment systems. Key Revenue Cycle Management Challenges. Technology Is the Key to Succeeding. Technology as an answer has ...

2

revenue cycle – The HFS Journal

http://blog.hfsystems.com/tag/revenue-cycle

Official Blog of Healthcare Financial Systems. In-House Billing May Be Hurting Your Healthcare Business. Without effective billing practices your hospital or medical clinic can’t remain financially secure, and that can ultimately affect how well you’re able to serve your patients. Some facilities manage to increase cash collections by analyzing and tightening the revenue cycle and offering updated training to in-house coding and billing staff. But it requires constant vigilance. Having an efficient reven...

3

cash flow – The HFS Journal

http://blog.hfsystems.com/tag/cash-flow

Official Blog of Healthcare Financial Systems. 5 Ways Outsourcing AR Increases Healthcare Practice Success. Outsourcing accounts receivable makes sense when you consider that in the typical multispecialty practice, almost 17%. Of accounts receivable have been outstanding more than 120 days. Ideally, that figure should remain below 12%. Outsourcing accounts receivable can help you shorten the healthcare revenue cycle. 1 It Allows Attention to Process Issues Rather than “Putting Out Fires”. When you outsou...

4

In-House Billing May Be Hurting Your Healthcare Business – The HFS Journal

http://blog.hfsystems.com/in-house-billing-may-be-hurting-your-healthcare-business

Official Blog of Healthcare Financial Systems. In-House Billing May Be Hurting Your Healthcare Business. Without effective billing practices your hospital or medical clinic can’t remain financially secure, and that can ultimately affect how well you’re able to serve your patients. Some facilities manage to increase cash collections by analyzing and tightening the revenue cycle and offering updated training to in-house coding and billing staff. But it requires constant vigilance. Having an efficient reven...

5

Outsourcing Makes Your Accounts Receivable Headaches Disappear – The HFS Journal

http://blog.hfsystems.com/outsourcing-makes-your-accounts-receivable-headaches-disappear

Official Blog of Healthcare Financial Systems. Outsourcing Makes Your Accounts Receivable Headaches Disappear. Erratic cash flow can be a serious problem for a medical practice. Problem: Patients Are Responsible for a Larger Share of their Bills. The high-deductible health insurance plan is the norm today, with patients themselves being responsible for thousands of dollars of out-of-pocket costs before their insurance coverage takes over. Collecting co-payments at the time of service is more importan...

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BIS Business Intelligence Suite | HFS Revenue Cycle Management

http://www.hfsystems.com/bis.html

Design Your Revenue Reporting. Powerfully. Understanding your data and underlying system is critical to any Business Intelligence solution. With BIS, we provide full technical and user support and business analytic assistance each step of the way. We respect the value of your staff’s time. HFS will manage, load, and securely host your data, greatly minimizing the impact to your IT staff, hardware and software. Trend issues in real time. Automated email delivery and scheduler. Hfs BIS Data Analytics.

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About Us | HFS Revenue Cycle Management

http://www.hfsystems.com/about-us.html

HFS News and Announcements. There are many options available to today’s healthcare executive with the exploding technology market and advances in Revenue Cycle Management (RCM). Like all industries where there is competition, some companies migrate to the front of the line while others struggle to understand the real needs of their industry. This is the marketplace’s way of cyphering out the competition. So, we ask you to peruse our web-site and know 3 things: First, HFS is adaptable to meet the technolo...

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Revenue Cycle Management | Healthcare Financial Systems

http://www.hfsystems.com/index.html

Implement Best RCM Practices. Why HFS for RCM? A Powerful RCM System. Our Core RCM Services. RCM PROGRAMS DESIGNED TO RELIEVE YOUR POINTS OF PAIN. DISCOVER and OPTIMIZE REVENUE IN YOUR OWN BACKYARD. EBO manages your aged receivables. Through RCM programs designed for your organization. EBO includes Billing. HFS offers long and short term plans including A/R liquidation. And Credit Balance Program. HFS is the expert in revenue cycle management. Learn More About HFS Extended Business Office.

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Online Repository | HFS Revenue Cycle Management

http://www.hfsystems.com/olr.html

Our online repositories provide a complete solution for you to 'sunset' old legacy systems. Our team of developers will ensure full access 24-7 to legacy data and images quickly, securely in one location. We even provide interface support, payment posting options, and much more. Sunsetting Systems Live Another Day With Online Repository by HFS. Accepts images and scanning. Hfs OLR Online Repository Advantages. Full migration of your legacy billing system into our web-based data base application.

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Always In Motion | HFS Revenue Cycle Management

http://www.hfsystems.com/always-in-motion.html

AIM WORK DISTRIBTUION SYSTEM. HFS' powerful backoffice WDS - Always In Motion (AIM) - in tandem with HFS’ core RCM services, is designed to work collaboratively with your existing billing system to provide a consistent view of any project management outsource initiative. AIM Is The Technology Backbone of HFS RCM Services. EBO Extended Business Office. RCC Revenue Cycle Consulting. BIS Business Intelligence Suite. What is AIM and how does it fit into HFS RCM services? AIM Audit includes business intellige...

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AR Liquidation | HFS Revenue Cycle Management

http://www.hfsystems.com/arl.html

And legacy system spin down. Services are designed to relieve the pressures of installing a new billing platform while still collecting from the old one. HFS typically commences the project plan 90-120 days before the project inception to make to ensure maximum yield and cash acceleration. Creation of systematic milestone plan to liquidate entire legacy system. Any A/R can be outsourced, from day 1 to over a year old, all with flexible rates. To maximize your ROI. Feedback as to reasons for credits.

hfsystems.com hfsystems.com

RCM Services | HFS Revenue Cycle Management

http://www.hfsystems.com/rcm-services.html

Businesses and organizations we specialize in at HFS. HFS serves physician and hospital healthcare providers across the United States. While our primary focus is larger group practices and healthcare systems, we do serve groups of all sizes, including:. Independent Multi-Specialty Group Practices. Other larger providers of Healthcare Services. Regional and local Medical Center. We also strategically team with healthcare financial solution providers including:. Healthcare Financial management Companies.

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Why Choose Us? | HFS Revenue Cycle Management

http://www.hfsystems.com/why-hfs.html

HFS Wants to be Your Revenue Cycle Business Partner. HFS Brings Technology and Revenue Cycle Management Services Together. HFS Uses Objective Productivity Benchmarks. HFS is an Outsource Company that Solves Problems. We focus on our partnership with you, not an inflexible system:. Singular point of contact: a personal account liaison. Trained and dedicated account teams. Flexible and customizable technology designed for you. Seasoned staff who listens and understands your needs. HFS is the RCM Expert in:.

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EBO Extended Business Office | HFS Revenue Cycle Management

http://www.hfsystems.com/ebo.html

RCM Programs Designed to Relieve Your Points of Pain. HFS understands the pressures of your central business office and your RCM points of pain. Our EBO team focuses on delivering the best revenue cycle. Outsourcing experience, helping our healthcare clients gain insight and control over billing. And relieving pressure on their CBO. Our EBO service is centered around customization, not cookie-cutter claims processing. We believe that a tailor-designed revenue cycle program. Denial and appeals management.

hfsystems.com hfsystems.com

Consulting RCM | HFS Revenue Cycle Management

http://www.hfsystems.com/rcc.html

HFS provides consulting services with a focus on upstream revenue cycle performance. We offer four revenue cycle consulting services for healthcare organizations including Patient Access Services, Patient Financial Services, Managed Care Contract service and placement of Coding staff. Discover and Optimize Revenue In Your Own Backyard. Coding denial review, revenue opportunity and appeals. Accuracy and compliance reviews. Operational assessment and performance improvement. Education and training programs.

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Contact HFS at: 1-844-437-6747. Or via email at customerservice@HFScredit.com. Healthcare Financing For Your Pets. Feb 03, 2016. Americans Love Their Pets. Did you know that over 35% of Americans own dogs and another 30% own cats? This statistic may not be surprising, based on how cute and cuddly these animals are. But our love for pets doesn’t end there, many more of us own horses, birds, lizards, snakes, turtles, fish, rabbits, hamsters, guinea pigs, livestock, and beyond. Overall, almost. Feb 02, 2016.

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The HFS Journal – Official Blog of Healthcare Financial Systems

Official Blog of Healthcare Financial Systems. In-House Billing May Be Hurting Your Healthcare Business. Without effective billing practices your hospital or medical clinic can’t remain financially secure, and that can ultimately affect how well you’re able to serve your patients. Some facilities manage to increase cash collections by analyzing and tightening the revenue cycle and offering updated training to in-house coding and billing staff. But it requires constant vigilance. Having an efficient reven...

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