Q: What is ‘Revenue Efficiency’?

A: In its simplest terms, Revenue Efficiency is achieving the highest reimbursement legally allowed, in a very timely manner with the least amount of cost.

Q: How can your RemitWebTM Online product make us more Revenue Efficient?

A: The RemitWebTM Online product enables you to unlock the wealth of information within your 835 Remittance Advice. Our reporting and trending functionality allows you to identify the key issues and take corrective actions leading to greatly improved Revenue Efficiency.

Q: Are there other services that you provide which can help us become more Revenue Efficient?

A: Absolutely. Our organization can help at most any level. Creation or refinement of claims, setting up remittance processing, audits to help uncover un-billed revenue and even training.

Latest Updates

February 7, 2012 - HRS is excited to announce two new webinar series! The two series include a review of the basic use and maintenance of the RemitWeb™ software and discussion of real life issues that RemitWeb software has helped to resolve. The first of these webinars will take place on Friday 2/10/12 from 10:00-11:00. The topics will be "How to choose and Run the Correct Report" and "Have You Ever Wondered How Well Upfront Staff is Checking Eligibility?"

November 10, 2011 – HRS announced today that it has signed a contract with Northeast Hospital Corporation of Beverly, MA to develop a hospital-wide Denial Management Process. Services will include RemitWeb™ Online for rapid deployment, which includes Denial Management Software; custom reporting with dashboard display; comprehensive client training; and the Denial Workflow Module. Marsha Raim, Director of Patient Accounts, NHC stated "Northeast Hospital Corporation chose HRS over its competitors because it was clear to us that the complexity and flexibility of the software was superior. Being a long time Meditech client, we also saw the advantage of working with a vendor whose key personnel had years of hands-on experience with Meditech software. We were impressed by both the product and the knowledge of the staff. HRS is motivated to work with us on this installation as well as on-going process improvements."
About Northeast Hospital Corporation
The Hospitals of Northeast Hospital Corporation are part of a well-established healthcare organization that serves Northeastern Massachusetts and is founded on the principles of Quality, Caring and Community. The numerous organizations that represent Northeast Hospital Corporation, Addison Gilbert Hospital, Beverly Hospital, Bay Ridge Hospital, Beverly Hospital of Danvers and Day Surgery Center and Northeast Behavioral Health link together to form a constellation of select healthcare and human services facilities. Addison Gilbert Hospital and Beverly Hospital alone have been caring for the residents and visitors on the North Shore for more than 100 years.

November 03, 2011 – HEALTHCARE REVENUE STRATEGIES (HRS) announced today that it has signed a contract with Albemarle Health Center of Elizabeth City, NC to develop a hospital-wide Denial Management Process. Services will include RemitWeb™ Online for rapid deployment, which includes Denial Management Software; custom reporting with dashboard display; comprehensive client training; and the Denial Workflow Module. The Denial Workflow Module will provide Albemarle Health Center with the ability to automatically generate user-work lists for those responsible for following up on denied-claim data for patient accounts. Beth A. Koskoski, MBA/MHA, Patient Financial Services Director explains, "We were searching for a robust tool that would help us identify the root causes of the denials. In today’s healthcare industry, hospitals are facing decreased reimbursements. The HRS Denial Management software offers us a single-source platform that produces reports in an efficient manner so we can track and eliminate our denials"
About Albemarle Health Center
Albemarle Health, a University Health Systems affiliate, is northeastern North Carolina’s largest regional health and wellness provider. Facilities include: Albemarle Hospital, a full-service medical center in Elizabeth City, featuring critical care, surgical and diagnostic imaging services, and comprehensive women’s care; Regional Medical Center, in Kitty Hawk, which houses an outpatient surgery center, laboratory, diagnostic imaging services, and offices for multiple physician specialists; Regional Oncology Center, a state of the art cancer treatment facility located on the campus of Albemarle Hospital; and the Albemarle Health Sleep Center, in Elizabeth City.

October 27, 2011 – HEALTHCARE REVENUE STRATEGIES (HRS) announced today that it has signed a contract with Catholic Medical Center of Manchester, NH to drive its Denial Management Project. The engagement will be focused on developing a hospital-wide Denial Management Process. Services will include RemitWeb™ Online for rapid deployment, which includes our Denial Workflow Module. This module allows clients to automatically generate user work lists for denied-claim data for their patient accounts. When asked why CMC chose HRS, Donna Basilicato, CMC, Revenue Cycle Charge Audit Nurse replied "Our Revenue Cycle and Denial Management teams looked at many product demonstrations and chose Healthcare Revenue Strategies as the provider for our Denial Management System. As a team, we felt that the staff from HRS was professional throughout the demonstration and Proof of Concept. The positive feedback from other users regarding HRS customer service weighed greatly on our final decision. As a Committee, we felt that HRS RemitWeb promotes the team concept. The program can provide us with the data to manage department-specific insurance denials. I am excited to begin using the product and working with the HRS team."
About Catholic Medical Center
Catholic Medical Center is a 330-bed, full-service healthcare facility dedicated to providing health, healing and hope to all. CMC offers medical-surgical care with more than 25 subspecialties, inpatient and outpatient services, diagnostic imaging and a 24-hour emergency department.

SEPT 2011 - Children’s Hospital of Boston selects Healthcare Revenue Strategies, LLC. as its Denial Management Solution!
HEALTHCARE REVENUE STRATEGIES announced today that it has signed a contract with CHILDREN’S HOSPITAL, Boston, MA to develop a hospital-wide Denial Management process. Services will include our Denial Workflow Module, intended to provide clients with the ability to automatically generate user work lists for those that are responsible for following up on denied claim data for their patient accounts. Chuck Duncan, HRS CTO/CEO stated, “RemitWeb Online gives Children’s Hospital an enterprise-wide view of their current denials in a secure, real-time application”. Tim Bavosi, HRS President/COO believes “The denial intelligence that RemitWeb produces is unmatched and is the fuel for an efficient hospital-wide denial reduction initiative”.
About Children’s Hospital
Children's Hospital Boston is a 396-bed comprehensive center for pediatric health care. As one of the largest pediatric medical centers in the United States, Children's offers a complete range of health care services for children from birth through 21 years of age. It is also home to the world's largest research enterprise based at a pediatric hospital.

AUG 2011 - Southcoast Hospitals Group, Fairhaven, MA has selected the HRS RemitWeb Denial Management Software product to drive its Denial Management Project. The engagement will be focused on developing a hospital-wide based Denial Management Process. Services will include RemitWeb Online for rapid deployment, which includes our Denial Management Software, custom reporting with dashboards and full team training.
Southcoast Hospital Group is a community based health delivery system with multiple access points, offering an integrated continuum of health services throughout Southeastern Massachusetts and East Bay, Rhode Island. It includes the three hospitals that make up Southcoast Hospitals Group — Charlton Memorial Hospital in Fall River, St. Luke's Hospital in New Bedford and Tobey Hospital in Wareham

MAY 2011 NEWS
HOUSTON HEALTHCARE,
Warner Robbins, Georgia

Revenue Cycle Process Improvement Redesign - HRS is providing their experience to help Houston Medical Center re-focus their Revenue Cycle Team efforts on the areas in which need to be managed on a daily, weekly, monthly basis. This is a two step project. The first step includes clearly identifying gaps in the current workflow, I.T. Systems, and other areas that negatively affect collecting cash efficiently. The second step includes identifying the technology and workflow solutions to address the gaps and update the overall process of the Revenue Cycle. This is a 6 month project, which has already yielded a 66% decrease in DNFB rates, as well as increasing average daily cash collections by 27.5%.
HRS, a national software leader in Hospital Revenue cycle Team Management Services, would like the opportunity to demonstrate its Revenue Cycle expertise at your Hospital. If you are interested please contact Chuck Duncan at 508-927-6024 or send him an e-mail cduncan@healthcarerevenuestrategies.com

MEDITECH 6.0 B/AR Conversion and 5010 Implementation - HRS has been engaged by Houston Healthcare to manage the MEDITECH 6.0 BAR conversion, as well as the 5010 Implementation in the new 6.0 environment. This has an anticipated LIVE date of November 1, 2011. HRS a national software leader in Hospital real-time remittance management services would like the opportunity to demonstrate its claims management services at your Hospital. If you are interested please contact Tim Bavosi at 508-561-1822 or send him an e-mail tbavosi@healthcarerevenuestrategies.com outlining your specific claim conversion needs.

HEALTHCARE REVENUE STRATEGIES IMPLEMENTING ICD-10 ENHANCEMENTS.
April 2011 - HRS has been chosen to manage the 5010 Claim conversion for Harrington Memorial Hospital, Southbridge, MA
May 2011 - HRS has been chosen to manage the 5010 Claim conversion for Holyoke Medical Center, Holyoke, MA.
HRS a national software leader in Hospital real-time remittance management services would like the opportunity to demonstrate its claims management services at your Hospital. If you are interested please contact Tim Bavosi at 508-561-1822 or send him an e-mail tbavosi@healthcarerevenuestrategies.com outlining your specific claim conversion needs.

April 2011 - Chuck Duncan CEO speaks at AAHAM Conference in Maine
Mr. Duncan, CEO/CTO for Healthcare Revenue Strategies is fast becoming a nationally recognized speaker in the Revenue Cycle/Denial Management field. He recently was a guest speaker at the American Association of Healthcare Administrative Management Maine Chapter Conference. His presentation titled “Technology Behind Your Revenue Cycle” focused on Chuck’s key components to a successful Denial Management process by addressing the current technologies and needs of today’s hospitals.
If you are interested in having Mr. Duncan speak at your upcoming Healthcare Chapter conference or would like to request an onsite Demonstration of RemitWeb, the only software tool that will effectively merge 835 EDI data with patient data extracts from any main health information system(s) to provide crucial business intelligence please contact Anthony Daddario, Marketing Director for HRS at 781-589-7438 or e-mail at tdaddario@healthcarerevenustrategies.com.

March 2011 – HRS Forges Ahead with Introduction of its Denial Work Flow Module at Tufts Medical Center.
RemitWeb Denial Workflow Module Overview:
The Denial Workflow Module is intended to provide clients with the ability to automatically generate user work lists for those that are responsible for following up on denied claim data for their patient accounts. These users can include (but may not be limited to) the following: Billing Department Users, Front End Staff, and Case Management/Appeals Staff. On a nightly basis, RemitWeb Online will compile all of the previous days denied line activity, and generate a work list based on a new Rules Engine created by HRS.
If you are interested in a demonstration of the Workflow Module along with RemitWeb the only software tool that will effectively merge 835 EDI data with patient data extracts from any main health information system(s) to provide crucial business intelligence Management Software please Anthony Daddario, HRS Marketing Director at 781-589-7438, or at tdaddario@healthcarerevenustrategies.com to set up an appointment. The demonstration can be performed remotely (Webinar) or we would be happy to visit you onsite at your convenience.

JAN 2011
Healthcare Revenue Strategies is proud to announce that we have been engaged by 3 new clients.
• Faulkner Hospital – Jamaica Plain, MA
• Wyckoff Heights Medical Center – Brooklyn, NY
• Southern Illinois Healthcare - Carbondale, IL
The engagements will be focused on developing a hospital-wide based Denial Management Process. Services will include RemitWeb Online for rapid deployment, which includes our Denial Management Software, custom reporting with dashboards and full team training. We are grateful for their confidence and are honored to have such forward thinking clients.

SEPT 2010 - Cottage Hospital, Woodsville, NH purchases the RemitWebTM Internet web-based Remittance Analysis to assist with the Development of a hospital-wide Denial Management project, and to provide the Reimbursement Team with line level reimbursement detail.
Steven Plant, Chief Financial Officer chose the HRS RemitWebTM product because he wanted to an easy-to-use, Internet web-based denial management software system that could automate what has become an increasingly labor intensive process at Cottage Hospital.

MAY 2010 - Franciscan Hospital for Children FHFC, Brighton, MA has selected the HRS RemitWebTM Denial Management Software product to drive its Denial Management Project. The agreement covers maintenance, network management, monitoring and security.
Cindy Warner, FHFC Director of Patient Accounts stated that Franciscan Hospital for Children chose HRS because of denial management information it can provide on a line item basis. It is easy to use and problems can be identified before there is an impact on revenue. HRS has also provided us with a tool to examine payments which will help us identify reimbursement issues. RemitWebTM is a web-based platform for reporting, analyzing and managing patient remittance denial and reimbursement information.

MAR 2010 - Tufts Medical Center (Boston, MA) chooses RemitWebTM Online to manage their denials!

FEB 2010 - Harrington Hospital (Southbridge, MA) chooses RemitWebTM Online to manage their denials!

JAN 2010 - Lawrence General Hospital (Lawrence, MA) chooses RemitWebTM Online to manage their denials!

JAN 2010
HFMA, Massachusetts-Rhode Island Chapter Revenue Cycle Committee Presents
Season for Change:
Tackling the Future of Healthcare Finance
Friday, January 22, 2010

Please come by and visit the HRS vendor table at the Gillette Stadium Clubhouse so that we can demonstrate how RemitWeb can help your Healthcare Facility achieve their financial goals through a convergence of intelligent applications and expert consulting services

DEC 2009 - Franklin Community Health Network/Franklin Memorial Hospital (FCHN) has signed an agreement for Healthcare Revenue Strategies (HRS), to drive its Denial Management Project. The RemitWeb Denial Management Software agreement covers maintenance, network management, monitoring and security. Michelle Dunlap, FCHN Director of Patient Financial Services, said: "Reducing and eliminating denials is a top priority for FCHN. The HRS software is designed similarly to a much more expensive nationally known product. FCHN is committed to reducing denials and reducing cost and trust that the HRS RemitWeb denial software product will be our answer."

NOV 2009 - Saints Medical Center (Lowell, MA) Selects HRS To Perform Multi-Year Retrospective Payment Analysis

OCT 2009 - Saints Medical Center (Lowell, MA) chooses RemitWebTM Online to manage their denials!

SEPT 2009 - Hallmark Health Systems is LIVE with RemitWebTM Online to manage their multi-hospital denials!

Healthcare Revenue Strategies, HRS, RemitWebTM, and Dedicated to Revenue Efficiency are trademarks or service marks of Healthcare Revenue Strategies, LLC.