HCFS at HFMA ANI 2017 in Orlando FL – Booth 954

Stop by and see HCFS at HFMA ANI in Orlando, FL.

Learn about our new Eligibility Screening Tool eVex &

Register to WIN a Limited Edition Mickey Mouse Watch!

Booth #954

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HCFS releases eVex Eligibility Screening Tool

HCFS, Inc has released their new Eligibility Screening Tool eVex which allows any size hospital to screen self-pay patients at the time of service. This web-based tool will provide a real-time scrub and results of any possible coverage for the patient’s hospital visit. Customizable scripts and additional resources educate your patient of their financial responsibility.

Discover the Power of eVex

Consistently screen all your uninsured patients, with real-time results in minutes! eVex can be utilized by any size hospital making it one of a kind. This web-based tool can be accessed via desktop or tablet (bedside). Each user has their own log-in and can easily keep track of screened patients. The customizable scripts allow each hospital to properly educate patients of their financial responsibility in any state.

“HCFS is excited to release eVex. This web-based tool extends Eligibility services and resources to all facilities of any size.” said VP of Sales & Marketing Jeff Woody.

For more information about eVex visit http://www.hcfsinc.com/evex/

About HCFS

HCFS is a TRUE Eligibility Partner Resource and takes a collaborative approach to provide advocacy with transparent results. HCFS has been in business since 1986 and has been growing with the ever changing Healthcare Landscape. HCFS offers a wide range of Revenue Cycle Solutions including Eligibility, Out-of-State Medicaid Billing, Workers’ Compensation Billing, Account Receivables Management (Follow-Up), Revenue Cycle Consulting and Revenue Cycle Interim Management. For more information, visit http://www.hcfsinc.com.

HCFS Out-of-State Medicaid Services

Out_of_State_Medicaid_BillingHCFS offers expert knowledge in Medicaid and insurance. But did you know HCFS can also complete and submit your facility and/or physician provider applications?

CMS established and implemented Medicaid provider screening requirements that became effective March 25, 2011. Today most states require provider and/or physician applications before reimbursement on any claim is processed. This requirement has discouraged many providers to seek reimbursement because of the paperwork and follow-up required with these applications, resulting in a financial burden on the patient, or writing-off these claims as “uncompensated care.” These write-offs eventually diminish the resources available for the uninsured.

Don’t Write-Off Out-of-State Medicaid Claims

HCFS will not only complete and submit your provider and/or physician applications, but can also manage updates and renewals on your provider application to avoid any lapses in enrollment.

Visit http://www.hcfsinc.com/out-of-state-medicaid-billing/ for more information.

About HCFS, Inc.

HCFS is a TRUE Eligibility Partner Resource and takes a collaborative approach to provide advocacy with transparent results. HCFS has been in business since 1986 and has been growing with the ever changing Healthcare Landscape. HCFS offers a wide range of Revenue Cycle Solutions including Eligibility, Out-of-State Medicaid Billing, Workers’ Compensation Billing, Account Receivables Management (Follow-Up), Revenue Cycle Consulting and Revenue Cycle Interim Management. For more information, visit http://www.hcfsinc.com.

Resuscitating Rural Hospitals

Viable Solutions for Small Hospitals

The scarcity of resources has created a gap in care.

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Rural communities experience unique circumstances when it comes to healthcare.   It’s not unusual to find one hospital providing care for several small towns.  Depending on the location, some residents may have to travel many miles before receiving care.

Additionally, changes to healthcare have presented challenges to accessing care.  For rural residents, higher insurance premiums have deterred some from purchasing insurance, choosing to remain uninsured.  While most are confused by the new process of applying for assistance and unaware of public programs their hospital offers.

Likewise, rural hospitals want to deliver quality care, but because they are small in size, operate with a limited workforce, and receive a high number of uninsured patients; many are questioning their financial viability.

Approximately 51 million Americans live in rural areas and depend upon the hospitals in their community.1

Rural hospitals are eager to explore new ways to improve patient care and reduce costs. While expanded healthcare coverage in Medicare and Medicaid will help reduce uncompensated care, rural hospitals can increase financial stability by investing in Patient Eligibility Management and helping patients enroll in available programs onsite.

Patient Eligibility Management Ensures Financial Stability

Patient Eligibility Management can help rural hospitals successfully track claims and manage revenue leaks so hospital staff can focus on delivering quality care.  Outsourcing enables doctors to treat patients and leave the paperwork to the people who know the intricacies of healthcare.

78% of hospitals under 200 beds that were new to outsourcing Revenue Cycle Management (RCM) also reported average revenue increases of 6.2% in 2014.2

At HCFS, our revenue recovery system checks state and federal programs as well as commercial carriers, driving revenue optimization and bringing transparency from cost-to-charge. Additionally, HCFS has software specifically designed by our experts to ensure accuracy in assessing patient eligibility, determining third-party payers and forecasting revenue.

Healthcare Eligibility Services Support Rural Patients

Patients struggle to make sense of new healthcare regulations.  Working with patients and explaining their financial responsibility will reduce confusion and alleviate apprehension.  Furthermore, a trained patient account representative who is expert in navigating the Marketplace and knowledgeable in healthcare insurance can help patients with enrolling on site, thereby leaving doctors to treat patients.

Working with the rural hospitals, HCFS can help uninsured patients who may not know if they qualify for benefits, apply for Medicaid and other Federal and State programs to help cover medical expenses.

HCFS Patient account representatives (PARs) are Certified Enrollment Counselors (CEC)/Certified Application Counselors (CAC). When patients arrive, PARs gather all of their insurance information to determine whether they are self-pay, uninsured, or need Marketplace assistance and will even initiate the patient’s Marketplace application on their behalf.

HCFS Bridging The Gap in Care

The challenges facing rural hospitals are immediate.  We’re looking toward the future of small towns and recognize this is not just about filling a vacant position for a short period of time; it’s about continuous support.

Our technology, combined with a one-on-one patient approach, and personal relationships with the various state and county offices ensures success on each patient account.

Contact us today to learn how our Patient Eligibility Management services can ensure your financial viability.

1. American Hospital Association, April 2015
http://www.aha.org/about/membership/constituency/smallrural/ruralbills.shtml

2. Globe Newswire
https://globenewswire.com/news-release/2014/11/19/684574/10109005/en/Financially-Overwhelmed-Hospitals-Ditching-Fragmented-Niche-RCM-Solutions-for-Comprehensive-end-to-end-Outsourcing-Service-Vendors-says-Latest-Black-Book-Poll.html

Dodging Revenue Leaks

Fixing the Gap Created by Healthcare Reform

RevenueCycleSolutions

The evolving landscape of healthcare reform continues to pose reimbursement challenges for hospital systems. Providing long-term patient care and delivering clinical services to the uninsured, self-pay and Medicaid patients may impact the bottom line.

Millions of dollars are being lost as a result of mismanaged claims and underpayments. Unless hospitals can find a way to fix the gap, their financial viability is at risk.

An estimated $7 billion could be saved if insurers paid claims correctly.1


As of 2013, the error rate on paid medical claims for commercial insurance companies averaged 7.1 percent.2

The Federal Marketplace, State Exchanges and Medicaid rules are difficult to understand.

Hospital personnel are challenged with verifying insurance, filling out pre-authorization and admissions forms as well as filing claims.

Too often co-payments are delayed causing excessive resources for follow-up and the likelihood of payment decreases with time.

Higher insurance premiums and dips in the economy are just two of the reasons hospitals are finding more uninsured patients.

Unaware of the resources available to offset their medical costs, many patients walk away dissatisfied and burdened by medical bills.

To survive the era of healthcare reform, hospitals need to invest in revenue cycle management and a technology system that can successfully track claims and manage revenue leaks.

The Revenue Cycle Management (RCM) market is expected to grow at a compounded annual rate of 7.2 percent from 2014 to 2019.3

Transparency and Technology: Strategies That Protect Your Bottom Line

At HCFS, our revenue recovery system checks state and federal programs as well as commercial carriers, driving revenue optimization and bringing transparency from cost-to-charge.

HCFS has software specifically designed by our experts to ensure accuracy in assessing patient eligibility, determining third-party payers and forecasting revenue.

Working with the hospital, HCFS can help uninsured patients who may not know if they qualify for benefits, apply for Medicaid and other Federal and State programs to help cover medical expenses.

HCFS patient account representatives (PARs) are Certified Enrollment Counselors (CEC)/Certified Application Counselors (CAC).

When patients arrive, PARs gather all of their insurance information to determine whether they are self-pay, uninsured, or need Marketplace assistance and will even initiate the patient’s Marketplace application on their behalf.

Although the challenge you face may be immediate, our team is looking to your future. It’s not just about filling a vacant position for a short period of time; it’s about seamless support from start to finish.

Our technology, combined with a one-on-one patient approach, and personal relationships with the various state and county offices ensures success on each patient account.

Ensure Revenue Integrity

At HCFS, we won’t let any opportunity to recover revenue slip through our fingers, whether it’s from lack of internal procedures or an existing plan.

We’ll help you keep track of your payer contracts.

Contact us today to learn how our patient eligibility services and advanced technology systems can fix revenue leaks and ensure your financial viability.

 

1.AMA http://www.ama-assn.org/ama/pub/news/news/2012-06-18-national-health-insurer-report-card.page
2. AMA http://www.ama-assn.org/ama/pub/news/news/2013/2013-06-17-national-health-insurer-report-card.page
3. MicroMarket Monitor: http://www.fiercehealthfinance.com/story/revenue-cycle-management-sector-expectedboom/

HCFS at HFMA ANI 2015 – Booth #1048

HCFS will be exhibiting at the HFMA Annual Institute in Orlando, FL

June 22-25

Booth #1048

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At HCFS we are focused on improving your financial performance.

Meet our team at our booth and find out how we can help your facility with the following:

  • Eligibility Services
  • Accounts Receivables Management
    • Out-of-State Medicaid
    • Workers’ Compensation
    • Third-Party Liability
    • Legacy A/R Follow-Up
  • Revenue Cycle Management
    • Interim Management
    • Consulting

 

HCFS, Inc. Hires Jess Stewart as Regional Account Manager

Frisco,TX – March 12, 2015:  HCFS, Inc. hired Jess Stewart as Regional Account Manager in the Southeast Region.

Stewart comes to HCFS from ARxHealthcare where he served as a Business Development Manager. His experience and knowledge in healthcare revenue cycle will help him better serve our clients in the Southeast region as well as expand the HCFS brand.  Stewart is an active volunteer in the Tennessee HFMA Chapter.

“I am extremely excited to bring my revenue cycle experience and business knowledge to a leading eligibility company that has provided outstanding service to clients across the country for the past 29 years.”

About HCFS, Inc

HCFS is a TRUE  Partner Resource and takes a collaborative approach to provide advocacy with transparent results. HCFS has been in business since 1986 and has been growing with the ever changing Healthcare Landscape. HCFS offers a wide range of Revenue Cycle Solutions including Eligibility, Out-of-State Medicaid Billing, Workers’ Compensation Billing, Account Receivables Management (Follow-Up), Revenue Cycle Consulting and Revenue Cycle Interim Management. For more information, visit http://www.hcfsinc.com.

HCFS, Inc. Announces Website Redesign

Frisco,TX – March 12, 2015:  HCFS, Inc. is pleased to announce the launch of a its brand new website http://www.hcfsinc.com. The goal for this site is to reflect the company’s position around Patient Advocacy and Reporting Transparency.

Key features of the new site design include cleaner and more attractive design, a more engaging user experience, up to date news and events, a new patient page, an FAQ page, FREE Eligibility Service Impact Analysis, and an easy contact form to get in touch with an HCFS representative. The site’s improved and simplified look, combined with enhanced content and optimization for mobile devices allows clients and patients to better interact with HCFS online.

About HCFS, Inc

HCFS is a TRUE Eligibility Partner Resource and takes a collaborative approach to provide advocacy with transparent results. HCFS has been in business since 1986 and has been growing with the ever changing Healthcare Landscape. HCFS offers a wide range of Revenue Cycle Solutions including Eligibility, Out-of-State Medicaid Billing, Workers’ Compensation Billing, Account Receivables Management (Follow-Up), Revenue Cycle Consulting and Revenue Cycle Interim Management. For more information, visit http://www.hcfsinc.com.