Healthcare Payment Management Receives HFMA Peer Review Designation

Chicago – The Healthcare Financial Management Association (HFMA) recently reviewed Healthcare Payment Management™, a product from Healthcare Payment Solutions at U.S. Bank, using the Peer Review process. After undergoing the rigorous review, Healthcare Payment Management™ has been granted the "Peer Reviewed by HFMA" designation.

Healthcare Payment Management™ (HPM) is a unique Web-based solution that leverages the latest tools and technology to support payment assurance. Users are able to collect more payments at the point of service, streamline processes, and reduce bad-debt losses. By combining payment collection capabilities with various payment methods and options (i.e., payment plans and "card on file"), HPM  serves the needs of virtually all guarantors, whether it’s a patient with a co-pay or a distraught parent with a sick child and no healthcare coverage.

"The HFMA Peer Review designation is a symbol people recognize and trust, and we are honored by this vote of confidence," says Ralph Bernstein, Senior Vice President of Healthcare Payment Solutions at U.S. Bank. "Healthcare Payment Management™ provides a new way of improving the revenue cycle — something that everyone in healthcare is focused on, now more than ever. Payment assurance – collecting more patient dollars at a lower cost – is at the heart of our solution, making it easier for physicians to increase collections at the point of care while supporting the patient experience."

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 and careers.

"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 include 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 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

About U.S. Bank
U.S. Bancorp (NYSE: USB), with $266 billion in assets, is the parent company of U.S. Bank, the 6th largest commercial bank in the United States. The company operates 2,791 banking offices and 5,164 ATMs in 24 states, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at usbank.com.