SOURCE: Healthcare Financial Management Association
CHICAGO, IL--(Marketwired - May 29, 2014) - Today, the Healthcare Financial Management Association (HFMA) announced the 2014 winners of the MAP Award for High Performance in Revenue Cycle.
HFMA's MAP Award for High Performance in Revenue Cycle recognizes healthcare organizations that demonstrate excellence across all the MAP Key indicators of revenue cycle performance. Winners must show innovative and effective revenue cycle practices that deliver sustainable financial performance. More than 120 applications were submitted for this year's award.
Joseph J. Fifer, FHFMA, CPA, HFMA President and CEO, said, "Winners of the MAP Award for High Performance demonstrate leading revenue cycle practices that set the bar for the industry and enables better patient experience."
Richard Keenan, Chief Financial Officer of The Valley Hospital in Ridgewood, New Jersey added, "We are honored and very pleased that our revenue cycle team's efforts are paying off for our patients, payers and staff. Building a best practice revenue cycle team and holding all participants accountable, including the payers, has allowed us to achieve high levels of patient satisfaction, and positive financial results."
Winners of the 2014 MAP Award for High Performance include 7 hospital systems and 9 individual hospital:
- Winning hospital systems:
- AtlantiCare Regional Medical Center
- Baylor Scott & White Health System - North Texas Division
- Children's Healthcare of Atlanta
- Geisinger Health System
- John C. Lincoln Health Network
- Saint Francis Health System
- Winning individual hospitals:
- Atlantic General Hospital/Health System
- Froedtert & the Medical College of Wisconsin Community Memorial Hospital
- Jupiter Medical Center
- Legacy Good Samaritan Hospital and Medical Center
- Legacy Meridian Park Hospital
- Rochester General Hospital
- St. Elizabeth Healthcare
- St. Luke's Hospital
- The Valley Hospital
Winners of the award will be honored during a special presentation on June 22 at ANI: HFMA's 2014 National Institute, which runs from June 22-25, in Las Vegas, NV. The MAP Award for High Performance in Revenue Cycle is sponsored by Optum.
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 more than 40,000 members, HFMA is the nation's leading membership organization of healthcare finance executives and leaders. HFMA helps its members achieve results by providing education, analysis, and guidance, and creating practical tools and solutions that optimize financial management. The organization is a respected and innovative thought leader on top trends and challenges facing the healthcare finance industry. From addressing capital access to improved patient care to technology advancement, HFMA is the indispensable resource for healthcare finance. hfma.org