Six TransUnion Healthcare Solutions Honored with “Peer Reviewed by HFMA®” Designation
TransUnion Healthcare (NYSE:TRU) announced today that six of its healthcare solutions have earned top marks by the Healthcare Financial Management Association’s (HFMA) Peer Review process. All of the solutions submitted by the company have once again been named to the “Short List,” an exclusive group of products and services that earned the “Peer Reviewed by HFMA®” designation following HFMA’s rigorous review process.
“It is an honor to achieve the HFMA Peer Review designation for our solutions,” said David Wojczynski, President of TransUnion Healthcare. “We are committed to making mutual trust possible between patients, providers and payers by helping them navigate payment uncertainty, and it is rewarding that our customers and industry experts continue to recognize the value of our revenue cycle management solutions.”
The solutions earning “Short List” honors, include:
- TransUnion Healthcare ClearIQ Patient Payment Estimation
- TransUnion Healthcare Insurance Discovery
- TransUnion Healthcare STINGRAYTM Medicare Bad Debt
- TransUnion Healthcare STINGRAYTM Medicare Disproportionate Share
- TransUnion Healthcare STINGRAYTM Transfer DRG
- TransUnion Healthcare STINGRAYTM Shadow Billing Compliance
TransUnion Healthcare also earned recognition for having the most healthcare business solutions, across all companies included in the 2020 HFMA Peer Review process, on the HFMA Peer Review “Short List”. This year will mark the third consecutive time that TransUnion Healthcare’s ClearIQ Patient Payment Estimation solution received its designation and the second consecutive time for the Insurance Discovery solution. STINGRAY™, which is a unique, full-service SaaS platform, has also been recognized as “Peer Reviewed by HFMA®” since 2009.
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 comprised of 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 various benefits of TransUnion Healthcare’s solutions, including their smooth implementation, ease of use, data accuracy, and the enhanced productivity as a result of the utilization of various solutions, among other core areas. Further, the large majority of participants would recommend TransUnion Healthcare’s HFMA Peer Reviewed solutions to their colleagues, ranging from 94-100% for each solution, and also believe the solutions deliver good value for their respective costs (88-100% for each solution).
“We’re pleased to have TransUnion Healthcare renew their HFMA Peer Reviewed designation,” said 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 solution meets an objective, third-party assessment of overall effectiveness, quality, and value."
To meet the needs of its more than 1800 hospital and health system clients, TransUnion Healthcare’s Revenue Protection® solutions have identified more than $6.4 billion in net revenue and cash. TransUnion’s solutions now enable its clients to recover more than $1.2 billion annually, helping reduce uncompensated care by nearly three percent.
More information about TransUnion Healthcare’s revenue cycle management solutions can be found at www.transunionhealthcare.com.
About TransUnion (NYSE: TRU)
TransUnion is a global information and insights company that makes trust possible in the modern economy. We do this by providing a comprehensive picture of each person so they can be reliably and safely represented in the marketplace. As a result, businesses and consumers can transact with confidence and achieve great things. We call this Information for Good.®
TransUnion Healthcare, a wholly owned subsidiary of TransUnion, makes mutual trust possible between patients, providers, and payers by helping them navigate payment uncertainty. Our Revenue Protection® solutions leverage comprehensive data, accurate insights and industry expertise to engage patients early, ensure earned revenue gets paid and optimize payment strategies. TransUnion Healthcare helps over 1,850 hospitals and 550,000 physicians collectively recover more than $1.2 billion annually in revenue.
A leading presence in more than 30 countries across five continents, TransUnion provides solutions that help create economic opportunity, great experiences and personal empowerment for hundreds of millions of people.