TransUnion Healthcare (NYSE:TRU) recently announced that four of its healthcare solutions have earned top marks by the Healthcare Financial Management Association’s (HFMA) Peer Review process. All the products have been named to the “Short List,” an exclusive group of products and services that have earned the “Peer Reviewed by HFMA®” designation following HFMA’s rigorous review process.
TransUnion Healthcare’s eScan insurance coverage discovery received its designation for the first time and ClearIQ insurance eligibility, financial assessment/charity wizard and patient payment estimation solutions have been honored with HFMA Peer Review Designation for the second consecutive time.
HFMA’s Peer Review designation is a three-year accreditation. The process provides healthcare financial managers with an objective, third-party evaluation of business solutions used in the healthcare workplace. The rigorous, 11-step process includes a Peer Review panel review comprising current customers, prospects who have not made a purchase, and industry experts. The Peer Review status of the healthcare business solution and its performance claims are based on effectiveness, quality and usability, price, value, and customer and technical support.
Participants in the HFMA Peer Review noted that TransUnion Healthcare offered an “all in one product that can check for insurance verification and provide accurate patient estimates utilizing historical claim data,” and that the solutions “enhance revenue cycle activity at minimal cost and improves cash collections.” Additional participants called out TransUnion Healthcare solutions for the ability to “provide accurate findings, ease of use and ability to integrate easily with existing systems.”
TransUnion Healthcare solutions deliver comprehensive consumer data and analytics to over 1,100 hospitals and 25,000 physician practices providing them with the clearest possible picture of a patient’s financial health.
TransUnion’s industry leading revenue cycle management solutions have discovered $7.8 billion in uncompensated care charges. More information about TransUnion Healthcare’s solutions can be found at www.transunionhealthcare.com.
With more than 40,000 members, the Healthcare Financial Management Association (HFMA) is the nation’s premier membership organization for healthcare finance leaders. HFMA builds and supports coalitions with other healthcare associations and industry groups to achieve consensus on solutions for the challenges the U.S. healthcare system faces today. Working with a broad cross-section of stakeholders, HFMA identifies gaps throughout the healthcare delivery system and bridges them through the establishment and sharing of knowledge and best practices. We help healthcare stakeholders achieve optimal results by creating and providing education, analysis, and practical tools and solutions. Our mission is to lead the financial management of health care.