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 & Optimize Revenue In Your Own Backyard
Patient Access Services
HFS offers patient access management services to function as an extension of your Patient Access Departments. Our strategy is to offer proactive and cost-effective solutions for opportunities related to pre-registration, authorization and referrals, time of service collections and registration related denials. We utilize standardized methodology, enhancing the patient experience and securing financial clearance prior to date of service. Providing our client’s with a viable solution for increased reimbursement and reduced re-work. We provide a clear understanding of operational efficiency, a roadmap for Leading Practice Standards, improved patient satisfaction and increased data integrity and cash collections from the front-end.
Patient Financial Services
A comprehensive assessment of interim patient accounting management services; customizable revenue related initiatives and process implementations. Our approach is to offer creative and cost-effective solutions to opportunities around charge capture, billing, follow-up and collections of revenue. The results to our clients is a clear understanding of the “How To’s” in efficiency, cost to collect and timely reimbursement with a roadmap for Leading Practice Standards, improved patient satisfaction, reduction in overall AR and increase in cash collections.
Managed Care Contract
Healthcare organizations are facing unprecedented challenges in maintaining financial stability in a rapidly changing industry. One challenge is to manage the increasingly complex system of reimbursement arrangements from both public and private payers. As a leader of a provider organization, you must grapple with dozens of payer contracts covering hundreds of services, each with different rates, terms, conditions, and reporting methodologies.
We can deliver on-site and remote coders for ongoing work, special projects, coding audits, and more. Our certified coders are here to help save you money and provide the resource you need to bill quickly and accurately.
• Coding denial review, revenue opportunity and appeals
• Accuracy and compliance reviews
• Operational assessment and performance improvement
• Utilization of HFS’ AQP audit tool for precise audits
• Education and training programs
• All services include live dashboards and business intelligence tools
HFS RCM Services
The HFS Journal
- HFS Featured in HFMA Magazine August 19, 2016
- Preparing for the Revolution in Revenue Cycle Management June 30, 2016
- Outsourcing Makes Your Accounts Receivable Headaches Disappear June 29, 2016
- 5 Ways Outsourcing AR Increases Healthcare Practice Success March 31, 2016