MILWAUKEE (PRWEB) January 07, 2020
Destressing the patient payment and billing experience, balancing accelerating cash and reducing bad debt, and the ROI of RPA and AI automation are among the topics to be examined at the HFMA Western Symposium, to be held January 12-15, 2019, at the Paris Hotel in Las Vegas. Nick Fricano, chief executive officer for Healthfuse, a leader in supporting hospitals to more effectively source and manage revenue cycle vendors, will moderate a January 13th discussion of revenue cycle trends with hospital revenue cycle leaders.
“The complexity of revenue cycle grows exponentially as the demands of value-based care, pricing transparency, and the patient financial experience takes center stage,” says Fricano. “Bringing revenue cycle leaders together to discuss these challenges, promises to provide actionable strategies for attendees to apply to their organizations.”
In addition to moderator Fricano, other panelists are:
- Brad Cook, chief revenue officer, Presbyterian Healthcare Services
- Gerilynn Sevenikar, vice president revenue cycle, Sharp Healthcare
- Rick Lyman, senior vice president enterprise revenue cycle management, Memorial Hermann Health System
- Shaun Ronan, system vice president, Health First
Over the course of 2019, Healthfuse conducted in-depth reviews of 451 vendors and identified $86 million in recurring revenue opportunity for new clients and $186 million for existing clients. With more than $30 billion spent annually on revenue cycle vendors, the market demand for performance-driven, tech-enabled revenue cycle management in 2020 is expected to grow at a rapid pace.
Healthfuse works with 150+ hospitals and health systems to provide revenue cycle vendor management services that reduce cost and increase collection performance of revenue cycle vendors. Its automated auditing solution for all hospital account collection provides clients with a 24/7 approach to improving the efficiency of all vendor functions and processes by eliminating variability. Healthfuse guides hospitals and health systems as they create a viable, sustainable revenue cycle vendor structure that increases outputs and saves money. Find us here: healthfuse.com. Follow us here: LinkedIn, Twitter
About HFMA Western Symposium
The 22nd Annual HFMA Western Region Symposium is the Largest HFMA event, next to the Annual Conference, in the country. It includes Regions 10 and 11 of the nation’s HFMA chapters. With more than 49,000 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 healthcare.