Transworld Systems Renews HFMA Peer Reviewed Designation

The Healthcare Financial Management Association (HFMA) today announced that, following rigorous review, Transworld Systems has once again consistently met the “Peer Reviewed by HFMA®” standard. HFMA recently reviewed GreenFlag(SM) Profit Recovery as part of the annual evaluation process necessary to maintain GreenFlag Profit Recovery collections service’s HFMA Peer Reviewed designation.

Transworld’s GreenFlag Profit Recovery collections service offers clients an early collections program to fit individual business and healthcare organizations accounts receivable needs.  Businesses and organizations receive the benefits of using third-party intervention but without incurring the high costs associated with traditional debt collection services. Clients receive payments directly from customers or patients and receive 100% of recovered money.   Plus, a leading web-based interface allows clients to manage their accounts online 24/7 so that the client is always in control of their accounts receivable and cash flow.

“We are very proud of GreenFlag’s renewed Peer Review status for the fifth year in a row and have the utmost respect for the HFMA and its members,” said Barney Zeng, SVP and General Manager of Transworld Systems. “We understand cash flow is a key to remaining successful in today’s economy, especially for hospitals, and our service allows hospitals to address delinquent accounts early, when the chance of recovery is the greatest.”

HFMA’s Peer Review process is designed to provide healthcare finance professionals with an objective third party evaluation of products and services used in the healthcare finance workplace. The rigorous, eleven-step process consists of a peer review panel that includes current customers, prospects who have not made a purchase, and expert HFMA Peer Review board members. Peer Review status approval of the product or service and its performance claims are based on effectiveness, quality and usability, price, value, and customer and technical support.

“We’re pleased to have Transworld Systems renew their HFMA Peer Reviewed designation,” says HFMA President and CEO Richard L. Clarke, DHA, FHFMA.  “The HFMA Peer Review process assures our members, through a rigorous evaluation, that the reviewed product or service meets an objective third party evaluation that assesses overall effectiveness, quality, and value.”

The Healthcare Financial Management Association (HFMA) provides the resources healthcare organizations need to achieve sound fiscal health in order to provide excellent patient care. With over 37,000 members, HFMA is the nation’s leading membership organization of healthcare finance executives and leaders. HFMA helps its members achieve results by providing education, analysis, and guidance, and creating practical tools and solutions that optimize financial management.  The organization is a respected and innovative thought leader on top trends and challenges facing the healthcare finance industry. From addressing capital access to improved patient care to technology advancement, HFMA is an indispensable resource on healthcare finance issues.

Transworld Systems Inc.®, a wholly owned subsidiary of NCO Group, Inc.®, is an industry leader in cash flow management and profit recovery with headquarters in Santa Rosa, CA, and more than 100 offices throughout the United States and Puerto Rico.

Transworld and its service brands GreenFlag Accelerator(SM) and GreenFlag(SM) Profit Recovery have been serving the Accounts Receivable needs of small to medium sized businesses with better tools for increasing cash flows, accelerating payments, recovering bad debt and recovering past due accounts. Transworld has assisted over 200,000 clients in resolving $6 billion in the past decade.