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For Immediate Release Westchester -- The Healthcare Financial Management Association (HFMA) recently examined a suite of healthcare revenue cycle solution services from MedAssist, Incorporated using HFMA's Peer Review process. After undergoing a rigorous review, MedAssist's Eligibility Services, Receivables Management Services, Healthcare Collection Services and the MedAssist Advantage Plan (MAP") now features the notable "Peer Reviewed by HFMA" designation. MedAssist developed these services as solutions to the growing population of uninsured patients in America. MedAssist's Peer Reviewed services assist patients and help hospitals improve cash flow, maximize reimbursement and reduce bad debt. "MedAssist is pleased that its products are recognized as Peer Reviewed by HFMA," said Michael Shea, President and CEO, MedAssist. "The Peer Reviewed designation is a recognition based on the stringent process and high standards set by HFMA. We have great respect for HFMA due to the informational, educational and networking benefits HFMA provides to its members." "The Peer Review process and designation is a perfect example of the value HFMA brings to the provider community. MedAssist is proud have all its service lines designated as "Peer Reviewed by HFMA," he added. "We feel this designation is a special stamp of approval indicating the quality, benefits and cost effective solutions that MedAssist provides to the healthcare community." The Peer Review Process HFMA's Peer Review is a structured process that validates the accuracy, effectiveness, marketplace acceptance, and value of products and services that HFMA members are currently using. The goal of the review is to identify products and services that deliver organizational savings and performance improvement that enhance HFMA members' day-to-day business interactions and careers. Criteria for a product to display the HFMA Peer Review designation include high survey scores for: "Peer Review provides an objective third party evaluation of products and services used in the healthcare finance workplace," said HFMA President and CEO Richard L. Clarke, DHA, FHFMA. "Products earning the Peer Review designation have demonstrated their value and effectiveness as a business solution. I congratulate MedAssist on their suite of business solutions earning the Peer Review designation." For more information on HFMA's Peer Review process visit: www.hfma.org. About MedAssist, Incorporated MedAssist, Incorporated was founded in Louisville, Kentucky in 1989 by Michael Shea, who continues as President and CEO. The company was established to meet a growing hospital need to help patients through the process of applying for government medical assistance. In May 2003, MedAssist gained an investment from RoundTable Healthcare Partners. In November 2004, MedAssist acquired Argent Healthcare Financial Services Inc., a nationally known and respected self-pay and third-party receivables and delinquency collections agency. Argent dates its roots back to the 1920's. In April 2006, MedAssist acquired Twin Medical Transaction Services, Inc. based in Las Vegas, Nevada. The Twin acquisition greatly improved MedAssist's presence and knowledge in the West. Twin was established in 1999. Also in 2006, MedAssist acquired Capstone Solutions based in Nashville, TN. The Capstone acquisition improved both internal operations and the delivery of high quality outcomes and value for our clients. Most recently, Firstsource Solutions USA, Inc. purchased MedAssist from Roundtable Healthcare Partners. The acquisition will allow MedAssist to grow in both scale and reach nationally and globally. For more information about MedAssist and their products, contact David N. Niswonger Executive Vice President for Marketing and Business Development at david.niswonger@na.firstsource.com .
February 7, 2008
Contact: David Opon
(800) 252-HFMA, ext. 407