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Madison County Memorial Hospital has announced that they have been awarded the HomeTown Health 2016 Revenue Integrity Standards and Accreditation in Healthcare (RISAH). The accreditation demonstrates the hospital’s dedication to strengthening their revenue cycle performance.
The primary goal of a Revenue Cycle Department is to ensure compliance with state and federal guidelines, while continuing to effectively manage the financial health of the hospital.
The RISAH accreditation program focuses on the performance of the hospital revenue cycle. HomeTown Health provides annual assessments to monitor and measure the performance and ongoing internal benchmarking practices that are key to compliant revenue cycle processes. Education is provided through HomeTown Health University to allow hospitals to stay up to date on the latest changes in healthcare and financial management.
“Being a leader in revenue cycle improvement will allow an organization to demonstrate their value to health insurance plans when negotiating contracts and agreements that will provide better reimbursement.” says Kristy Thomson, Director of Education, for HomeTown Health.
“Successful revenue cycle management is an ongoing process and requires commitment and dedication.” says Sandy Sage RN, Revenue Cycle Consultant “The RISAH accreditation is a direct reflection of Madison County Memorial Hospital’s commitment to improving performance in order to meet or exceed industry best practices in all areas of the revenue cycle.”
More information about the standards and participation guidelines can be found at www.hthu.net/risah.