PR - MedAssist's Services Earn HFMA Peer Review Designation

The Healthcare Financial Management Association (HFMA) recently examined a suite of healthcare revenue cycle solution services from MedAssist, Incorporated using HFMA’s Peer Review process. After undergoing a rigorous review, MedAssist’s Eligibility Services, Receivables Management Services, Healthcare Collection Services and the MedAssist Advantage Plan (MAP™) now features the notable "Peer Reviewed by HFMA" designation.

MedAssist developed these services as solutions to the growing population of uninsured patients in America. MedAssist’s Peer Reviewed services assist patients and help hospitals improve cash flow, maximize reimbursement and reduce bad debt.

"MedAssist is pleased that its products are recognized as Peer Reviewed by HFMA," said Michael Shea, President and CEO, MedAssist. "The Peer Reviewed designation is a recognition based on the stringent process and high standards set by HFMA. We have great respect for HFMA due to the informational, educational and networking benefits HFMA provides to its members."

HFMA’s Peer Review is a structured process that validates the accuracy, effectiveness, marketplace acceptance, 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 that enhance HFMA members’ day-to-day business interactions and careers. Criteria for a product to display the HFMA Peer Review designation include high survey scores for:

· Enhanced productivity for the user and for the customer’s organization
· Ease of installation and use
· Accuracy and reliability
· Good value for price
· Excellent technical support and customer service, and
· An overall positive rating from reviewers based on a quantitative scale

"Peer Review provides an objective third party evaluation of products and services used in the healthcare finance workplace," said HFMA President and CEO, Richard L. Clarke, DHA, FHFMA. "Products earning the Peer Review designation have demonstrated their value and effectiveness as a business solution."

MedAssist, Incorporated was founded in Louisville, Kentucky in 1989 by Michael Shea to meet a growing hospital need to help patients through the process of applying for government medical assistance. In May 2003, MedAssist gained an investment from RoundTable Healthcare Partners. In November 2004, MedAssist acquired Argent Healthcare Financial Services Inc., a nationally known and respected self-pay and third-party receivables and delinquency collections agency. In April 2006, MedAssist acquired Twin Medical Transaction Services, Inc. based in Las Vegas, Nevada. The Twin acquisition greatly improved MedAssist’s presence and knowledge in the West. Also in 2006, MedAssist acquired Capstone Solutions based in Nashville. Most recently, Firstsource Solutions USA, Inc. purchased MedAssist from Roundtable Healthcare Partners.