Four TransUnion Healthcare Solutions Honored with “Peer Reviewed by HFMA®” Designation
TransUnion Healthcare (NYSE:TRU) announced today that four of its healthcare solutions have earned top marks by the Healthcare Financial Management Association’s (HFMA) Peer Review process. All the products have been named to the “Short List,” an exclusive group of products and services that have earned the “Peer Reviewed by HFMA®” designation following HFMA’s rigorous review process.
TransUnion Healthcare’s eScan insurance coverage discovery received its designation for the first time and ClearIQ insurance eligibility, financial assessment/charity wizard and patient payment estimation solutions have been honored with HFMA Peer Review Designation for the second consecutive time.
“Achieving the Peer Review designation from HFMA is a great honor. It is rewarding to know that our revenue cycle management solutions have been recognized by our customers and industry experts as high quality products. We are especially pleased that our eScan insurance coverage discovery solution, which helps providers reduce bad debt, is the largest and only full coverage discovery solution for hospitals, physician practices and payers that was added to HFMA’s Short List of Peer Reviewed products. Just last year, eScan reached a milestone – identifying more than $7.8 billion in insurance payment coverage which resulted in more than $1.2 billion in payments returned to our clients.”
HFMA's Peer Review designation is a three-year accreditation. The process provides healthcare financial managers with an objective, third-party evaluation of business solutions used in the healthcare workplace. The rigorous, 11-step process includes a Peer Review panel review comprising current customers, prospects who have not made a purchase, and industry experts. The Peer Review status of the healthcare business solution and its performance claims are based on effectiveness, quality and usability, price, value, and customer and technical support.
Participants in the HFMA Peer Review noted that TransUnion Healthcare offered an “all in one product that can check for insurance verification and provide accurate patient estimates utilizing historical claim data,” and that the solutions “enhance revenue cycle activity at minimal cost and improves cash collections.” Additional participants called out TransUnion Healthcare solutions for the ability to “provide accurate findings, ease of use and ability to integrate easily with existing systems.”
“We’re pleased to have TransUnion Healthcare achieve their HFMA Peer Reviewed designation,” says HFMA President and CEO Joseph J. Fifer, FHFMA, CPA. “The HFMA Peer Review process assures our members, through a rigorous evaluation, that the reviewed healthcare business solutions meet an objective, third-party assessment of overall effectiveness, quality, and value."
TransUnion Healthcare solutions deliver comprehensive consumer data and analytics to over 1,100 hospitals and 25,000 physician practices providing them with the clearest possible picture of a patient’s financial health.
"Our analytics and market-leading revenue cycle technologies allow for deep insights into patients' financial behavior that optimize the consumer reimbursement process," said McCarthy. "HFMA Peer Designation, our top marks and the overall positive feedback from the peer review participants are a reflection of our commitment to delivering Information for GoodSM, driving proven results for our clients that enable them to be more competitive in the ever-challenging healthcare market.”
TransUnion's industry leading revenue cycle management solutions have discovered $7.8 billion in uncompensated care charges. More information about TransUnion Healthcare's solutions can be found at www.transunionhealthcare.com.
With more than 40,000 members, the Healthcare Financial Management Association (HFMA) is the nation's premier membership organization for healthcare finance leaders. HFMA builds and supports coalitions with other healthcare associations and industry groups to achieve consensus on solutions for the challenges the U.S. healthcare system faces today. Working with a broad cross-section of stakeholders, HFMA identifies gaps throughout the healthcare delivery system and bridges them through the establishment and sharing of knowledge and best practices. We help healthcare stakeholders achieve optimal results by creating and providing education, analysis, and practical tools and solutions. Our mission is to lead the financial management of health care.
About TransUnion (NYSE:TRU)
Information is a powerful thing. At TransUnion, we realize that. We are dedicated to finding innovative ways information can be used to help individuals make better and smarter decisions. We help uncover unique stories, trends and insights behind each data point, using historical information as well as alternative data sources. This allows a variety of markets and businesses to better manage risk and consumers to better manage their credit, personal information and identity. Today, TransUnion has a global presence in more than 30 countries and a leading presence in several international markets across North America, Africa, Latin America and Asia. Through the power of information, TransUnion is working to build stronger economies and families and safer communities worldwide.
We call this Information for GoodSM. http://www.transunion.com/business