The Healthcare Financial Management Association (HFMA) recently published voluntary best practices for the fair resolution of patients’ medical bills. The best practices are designed for use by healthcare providers, providers’ business affiliates and credit bureaus. Jointly published with the Association for Credit and Collection Professionals (ACA International), the 28-page report updates and extends guidance that was originally published by HFMA in 2014. The report emphasizes the importance of educating patients and ensuring that they understand the account resolution process.

State has been recognized as a Best Places in Work in Collections for the fifth year in a row. Additionally, State placed in the top three companies, which is its highest ranking to date. This prestigious award is sponsored by InsideARM, an independent news and information provider, and is administered by Best Companies Group, which conducts over 60 “Best Places” programs each year.

Last week State hosted Economist Gunnar Blix and Froedtert Health’s Executive Director of Revenue Cycle Jon Neikirk on a Webinar. This exceptional presentation highlighted current economic trends and possible outcomes for providers if high unemployment persists. It also offered practical solutions revenue cycle leaders can take to reduce risk while reducing financial stress for patients.