Services

Revenue Cycle Management "Knowledge is power! Knowing where your organization is financially will present you with the power to make sound decisions on maintaining YOUR foundational core values..."

Gwynn Smith Principal, Director of Revenue Cycle Management

Management:
HFS Consultants has developed an integrated approach to A/R management, based on our extensive experience in assisting healthcare organizations with a full spectrum of activities needed to operate administrative, clinical and financial disciplines effectively. HFS Consultants provides interim business office management, receivables management, assesses hospital information and practice management systems. Additionally, we design and implement department reorganizations.

Operations:

Workflow analysis	Revenue cycle review
CDM review and updates	Establish goals for staff within the revenue cycle

HFS Consultants offers staffing, experienced in all areas of billing, collections, Health Information Systems and charge master creation and maintenance. Our personnel are knowledgeable of the various payer regulations and requirements of governmental agencies and third party payers. Specialized in claims requirements for both electronic and hardcopy submission and are thoroughly versed in the various types of reimbursements (e.g., PPS, managed care, fee schedules, and fee for service).

In addition, HFS Consultants has experience with information systems such as Meditech, Siemens, HBOC, AS400, Dairyland, HMS, Medical Manager, Therapy Source, Raintree, Mega West, Health Pro and Citrix. Our experience with electronic vendors include DSG, SSI, Emdeon, NDC, Envoy, Office Ally and Proxy Med.

Financial:

Interim Billing	Interim Patient Accounting Director
Interim Admissions Directors

Maximize cash flow on billed and aging receivables, including a one-time cash infusion while minimizing loss of collections due to timely handling of claims issues. Maintain the appropriate level of A/R based on payer mix and monthly revenues. HFS Consultants works with facilities to establish appropriate communication protocols, systems and processes to maximum efficiencies in collections.

Regulatory:
Compliance review to ensure all submitted claims are "clean" and accurate, following guidelines and regulation according to all regulatory requirements.