May 23, 2018—Panacea, a Career Step company and leading provider of revenue cycle management, smart software and enterprise-level educational solutions, is pleased to announce that after a rigorous review, the Healthcare Financial Management Association (HFMA) has awarded Panacea’s CDMauditor® Hospital Zero-Base Pricing® its “Peer Reviewed by HFMA” designation. Panacea’s Comparative Hospital Data™, Unit Cost Estimator, Physician Pricing and CLAIMSauditor® are included in the designation.
“We are honored to have earned the ‘Peer Reviewed by HFMA’ designation and to be included on ‘The Short List’ again,” said Laurie McBrierty, vice president product management at Panacea. “In today’s constantly changing environment, it is critical that healthcare organizations choose partners that are dedicated to quality, and the HFMA peer review of our CDMauditor® Hospital Zero-Base Pricing® module and related products shows that we provide quality, reliability and value to the healthcare organizations Panacea serves each year.”
Panacea’s CDMauditor® Hospital Zero-Base Pricing® program allows hospitals and healthcare organizations to establish defensible, rational pricing on healthcare services. The system integrates with the company’s Comparative Hospital Data™ platform, allowing users to establish custom peer groups for comparison in just seconds. Unit Cost Estimator enables hospitals without a cost accounting system to quickly and accurately estimate the unit costs for their entire charge description master (CDM). Physician Pricing empowers healthcare organizations to apply these defensible pricing strategies to provider practices, and CLAIMSauditor® provides an audit tool that helps organizations find optimal revenue enhancement opportunities.
“Our comprehensive Peer Review process aims to provide our membership a vetted short list of products and services that have passed a rigorous screening process,” said Joseph J. Fifer, FHFMA, CPA, HFMA President and CEO. “We are helping members and others identify and evaluate products and services that may help their organizations’ goals while also creating brand awareness and recognition within the healthcare finance marketplace for those products and services that pass the review and earn our Peer Reviewed designation.”
HFMA’s Peer Review process provides a third-party evaluation of products and services used in the healthcare workplace to financial managers who make the purchasing decisions. The process includes a rigorous eleven-step process to evaluate products and services on their effectiveness, quality and usability, price, value, and customer and technical support. Evaluations are made by a Peer Review panel made up of current customers, prospects who have not made a purchase and industry experts.
To learn more about Panacea’s suite of products designed to help healthcare organizations improve their financial results and market positions, visit panaceainc.com.
Panacea, a Career Step company, helps healthcare organizations improve their bottom lines and strategic market positions with front-line expertise in revenue-cycle management, smart software and enterprise-level educational solutions. Designed for the healthcare professionals responsible for financial performance or compliance, Panacea helps identify opportunities and overcome today’s challenges, providing the clear answers needed to swiftly and cost-effectively achieve quality results. More information is available at panaceainc.com