HCHC receives award for financial management
Henry County Health Center was one of 10 hospitals recently awarded the 2013 Healthcare Financial Management Association’s (HFMA) MAP Award for High Performance in Revenue Cycle.
“The entire hospital as an organization is responsible for winning this prestigious award, and it is due in large part to our improvement in patient satisfaction scores and process improvement that our organization has made over the last two year,” said HCHC Chief Financial Officer Dave Muhs.
“I would like to express my sincere appreciation to our associates and medical staff for their continued dedication and commitment to providing the highest quality healthcare to our patients, as well as making HCHC a leader in the healthcare industry,” he continued.
MAP stands for measure performance, apply evidence-based strategies for improvement, perform to the highest standards in today’s challenging healthcare environment.
As a national award winner, HCHC has met or exceeded stringent evaluation criteria addressing critical performance factors such as revenue cycle processes, financial performance, innovation, adoption of patient-friendly billing principles and patient satisfaction.
“In light of the significant changes taking place in the healthcare industry, achieving revenue cycle excellence has never been more important than it is today,” said Joseph J. Fifer, FHFMA, CPA, HFMA President and CEO.
“Henry County Health Center is one of only 10 hospitals to receive HFMA’s MAP Award for High Performance in Revenue Cycle this year,” he continued. “I congratulate you on your outstanding performance, and thank you for sharing your knowledge for the benefit of the patients and communities we serve. Winners of the MAP Award for High Performance demonstrate leading revenue cycle practices that set the bar for the industry and enable better patient experience.”
The award will be formally presented on June 18 at HFMA’s 2013 Annual National Institute in Orlando, Fla. Only nine other organizations achieved this designation this year, which recognizes healthcare organizations that demonstrate excellence across all the MAP key indicators of revenue cycle performance. Winners must show innovation and effective revenue cycle practices that deliver sustainable financial performance.
This is the second time that HCHC has been selected for an HFMA Award. In 2009, HCHC was recognized in HFMA’s Patient Friendly Billing Project and received the High Performance in Revenue Cycle Award. The award was based on a review of over 5,000 hospitals, and HCHC was identified as an organization with positive revenue cycle outcomes.
Of the 14 hospitals recognized, HCHC was the only Iowa Hospital and the only Critical Access Hospital (CAH) in the nation.
Winners of the 2013 MAP Award for High Performance include four hospital systems and six individual hospitals. The winning hospital systems include Baylor Health Care System, Texas Health Resources, Ohio Health, Spectrum Health System. Winning individual hospitals include Saint Francis Hospital, Geisinger Medical Center, Hoag Memorial Hospital Presbyterian, Centra, Baptist Hospital of Miami and Henry County Health Center.