Chicago – June 7, 2016 – The Healthcare Financial Management Association (HFMA) recently reviewed Holliday & Associates’ ChargeAssist® using the Peer Review Process. After undergoing the rigorous review, ChargeAssist has once again achieved the “Peer Reviewed by HFMA®” designation.
ChargeAssist is an “all-in-one” charge management solution for both small and large enterprise organizations. The web-based solution is a single source tool for charge description master (CDM) auditing, charge pricing, charge change management, and keeping abreast of regulatory resources. Holliday & Associates realized hospitals struggle with effectively auditing and collaborating on charge management because of the lack of easy-to-use tools.
ChargeAssist was developed from the ground up to redefine how hospitals manage their CDM. The ChargeAssist suite contains:
- CDM Auditor™ reinvents the audit process for annual and ongoing CDM maintenance.
- Price Analyzer™ supports unlimited price modeling for hospital and physician charges, utilizing market data, cost, fee schedules, and charge utilization to ensure transparent pricing.
- Change Monitor™ resolves CDM Management’s biggest challenge—automating user collaboration and documentation of charge changes.
- Ultimate Research Center™ is a single source coding and regulatory resource, providing cost savings on expensive third party resources, and ensuring smarter staff.
“The Peer Review designation is an exciting accomplishment for Holliday & Associates. We are honored that HFMA has accepted us into a small fold of products and services that represents the best that healthcare providers across the U.S. can obtain,” said Rosemary Holliday, Managing Partner of Holliday & Associates. “Receiving this designation comes at a time when renewed attention to the chargemaster is an operational objective all healthcare providers are realizing.” Bud Carroll, Managing Partner of ChargeAssist added. “Our customers came to us for a new and fresh charge management solution, as other products lacked functionality, and sold for pricing difficult to justify. ChargeAssist development was based on the concepts of flexibility, robust functions, and ease of deployment for all sizes of healthcare systems. The high standards of HFMA’s Peer Review validates our efforts to provide healthcare providers a best-of-breed solution.”
HFMA’s Peer Review process provides healthcare financial managers with an objective third party evaluation of products and services used in the healthcare workplace. The rigorous, eleven-step process includes a Peer Review panel review comprising current customers, prospects who have not made a purchase, and industry experts. Peer Review status of the product or service and its performance claims are based on effectiveness, quality and usability, price, value, and customer and technical support.
HFMA’s Peer Review process provides our membership with the assurance that those who have earned the designation have undergone a rigorous screening process,” said HFMA President and CEO Joseph J. Fifer, FHFMA, CPA. “The Peer Reviewed designation helps both members and non-members identify superior products and services. It can also create brand awareness and recognition in the healthcare finance marketplace for Peer Reviewed products and services.”