Temple, Texas (PRWEB) June 12, 2014
As the industry benchmark for measuring revenue cycle performance, HFMA’s MAP Keys Initiative allows healthcare organizations to apply evidence-based strategies to perform to the highest standards, improving financial results and patient satisfaction. AppRev is recognized as one of only four companies whose products support the use of MAP Keys to track, compare and improve revenue cycle performance. AppRev’s source data-capture and data-reporting were evaluated under rigorous scrutiny before receiving MAP Key Compliance status, which ensures that the data hospitals and physicians receive from AppRev's solutions will be monitored with the utmost consistency and accuracy.
“The use of MAP Keys allows us to dig deeper and go further in assisting our customers in tracking key metrics, comparing their performance to that of their peers and focusing on specific areas of revenue cycle improvement," said Seth Avery, President and CEO of AppRev. “Through the MAP App, hospitals and physicians now have the opportunity to target issues and make comparisons with the data at their fingertips. The MAP App also supports providers through research, expert advice, discussions, webinars and e-learning.”
AppRev's Denials Intelligence solution provides hospitals and physicians with a comprehensive view of claims, payer responses and remittance opportunities. This technology, along with information gathered from HFMA's MAP App web-based solution, will allow customers to easily generate denial information and compare it with that of other hospitals.
“HFMA is happy to recognize AppRev’s Denials Intelligence as a MAP Key Compliant product," said Paul Bielat, HFMA's Vice President of Sales and Product Development. "HFMA’s MAP is an industry-led initiative that provides consistent measures for revenue cycle benchmarking and comparisons. Providers are actively seeking vendors who can facilitate data sources that will conform to the industry standard MAP Key definitions. AppRev’s Denials Intelligence will now be known as a trusted data source for specific MAP Key data."
AppRev is a privately held Healthcare Business Intelligence company based in Temple, Texas, that provides services and technology to more than 80 hospitals throughout the United States and internationally. AppRev delivers results through services and technology that allow hospitals and clinics to improve revenue cycle performance. The company’s solutions are provided via web-delivered Service Supported Software™, and include Charge Accuracy, Denials Intelligence, ICD-10 Analytics, Pricing Analytics, Pricing Transparency using the Market Advantage Price Lookup Tool, CDM and DSH services. All AppRev solutions employ ongoing measurement of revenue cycle improvements and can be crafted to meet customer-specific requirements.
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.