The Healthcare Financial Management Association (HFMA) recently reviewed Vaughan Holland Consulting, Inc’s (VHCI) Revenue Recovery Service using the Peer Review Process. After undergoing the rigorous review, the Revenue Recovery Service has been granted the "Peer Reviewed by HFMA" designation.
VHC’s Revenue Recovery Service provides a comprehensive review and follow-up of zero-balance Medicare and 3rd Party Hospital claims to ensure that all expected payments are received. This service helps hospitals receive additional reimbursement with minimal effort from existing staff. The service also returns detailed recommendations to reduce and possibly eliminate payment errors.
"We believe that HFMA is the most trusted resource for healthcare finance professionals, and we’re honored to be accepted into the Peer Review program. This designation will help distinguish Vaughan Holland Consulting as a premier source for revenue audit and recovery services," says Michael Holland, Principal.
The Peer Review Process validates the accuracy, effectiveness, quality and value of products and services that HFMA members are currently using. The goal of the review is to identify products and services that deliver organizational savings and performance improvement, which enhance HFMA members’ day-to-day business interactions.
"For years HFMA members have asked us to identify viable healthcare finance resources and to filter some of the noise in the market place," says HFMA President and CEO Richard L. Clarke, FHFMA. "We see the new Peer Review Process as a powerful opportunity to do just that."
Criteria for a product to display the HFMA Peer Review mark includes high survey scores for:
- Enhanced productivity for the individual user and for the customer’s organization
- Ease of installation and use
- Accuracy and reliability
- Good value for the price
- Excellent technical support and customer service
- An overall positive rating from reviewers based on a quantitative scale
About Vaughan Holland Consulting
Vaughan Holland Consulting, Inc. (VHCI) has been working with hospitals and healthcare systems since 1996 to recapture lost revenue. Headquartered in Oakbrook Terrace, Illinois, VHCI represents hospitals nationwide in dealing with Medicare and commercial insurers. The company offers a turnkey solution for revenue recovery from all payers. www.vhci.com
About HFMA
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 35,000 members, HFMA is the nation’s leading membership organization of healthcare finance executives and leaders. We provide education, analysis, and guidance; we lead change and innovative thinking; and we create practical tools and solutions that help our members get results. Addressing capital access to improved patient care to technology advancement, HFMA is an indispensable resource on healthcare finance issues. www.hfma.org