LOUISVILLE, Ky. (PRWEB) March 27, 2020
Sterling Healthcare's Center of Excellence continues its momentum with the launch of HealthFIN an analytics-powered, auditing service. The novel coronavirus pandemic is causing hospitals and provider groups to face an unprecedented surge in acute patient care needs. Besides the human factor, hospitals are also facing a new financial crisis with vendors not updating their systems with the current coronavirus diagnostic, testing, procedural, and treatment codes from CMS. The HealthFIN Revenue Cycle audit service can provide accurate feedback to government agencies, providers, and hospitals by identifying gaps and errors in typical vendor systems.
David Osborn, Sterling Healthcare's Managing Director, and Healthcare Practice Leader, stated, "identifying and resolving such critical issues will give accurate and updated insights beyond what the current market is providing today."
Key features of the audit take into consideration inaccurate COVID-19 coding and reporting, claim denials, bad-debt write-offs, underpayments, and clean claim percentage. HealthFIN also addresses the latest COVID-19 telehealth coding and billing best-practices to protect healthcare workers. The economic reality of the CORVID-19 pandemic will require healthcare providers to explore innovative strategies to improve back-end revenue optimization.
To support the U.S. healthcare industry, Sterling Healthcare is waiving initial fees with the HealthFIN Revenue Cycle Audit service to eligible hospitals or healthcare providers for the next six months. Results from the HealthFIN service can deliver a prescriptive remediation plan to advance the provider's business.
Now, reimagining the revenue cycle means identifying potential RCM deficiencies while COVID-19 cases continue to climb here in the United States. Sterling Healthcare will continue to strengthen our hospital and provider groups afflicted by the coronavirus epidemic.
About Sterling Healthcare Services:
For the past twenty years, Sterling Healthcare Services, headquartered in Louisville, KY, has provided cloud-based financial and clinical optimization services to hospitals, specialty providers, and managed care organizations. Sterling is a subsidiary of Elico, a 60-year-old global biomedical device manufacturer. Together, we continuously improve our capabilities in our Center of Excellence to enhance the quality of healthcare.
For additional information, see: SterlingHCS.com or contact Public Relations Agency, MindFlash International Inc at 1.800.430.8754