FHS' ClearQuote-Patient Estimations Receives HFMA Peer Review Designation

Chicago  – The Healthcare Financial Management Association (HFMA) recently reviewed Financial Healthcare Systems’ ClearQuote-Patient Estimations solution using the Peer Review process. After undergoing the rigorous review, ClearQuote-Patient Estimations has been granted the "Peer Reviewed by HFMA" designation.

Addressing the rising demands of healthcare price transparency and the shifting burden of healthcare costs, ClearQuote allows providers to establish the patient’s financial obligation via a secure, web-based solution. ClearQuote evaluates provider charges, patient benefits, and negotiated contract pricing between the provider and insurance company generating estimates that are credible and defendable. FHS Corp. has created the only estimation solution to successfully earn the HFMA Peer Review designation .

"It is an honor to receive high marks across the board from HFMA experts, our clients and industry leaders.  Meeting the stringent standards of the HFMA Peer Review process and being validated as a peer leader in the healthcare industry is a testament to the cornerstone values of our company," said Travis Gentry, Co-founder and President, FHS Corp.

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; and
• 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 Financial Healthcare Systems
Denver-based Financial Healthcare Systems (FHS Corp) developed ClearQuote™ as one of the industry’s first patient estimation solutions to address the rising demands of price transparency and patient consumerism.  Providing credible pricing estimation information prior to treatment, ClearQuote enables providers to collect money up front, reduce bad debt, and increase patient satisfaction.