Since 1997, Healthcare Fiscal Management, Inc. (HFMI) has been helping hospitals, physician groups, clinics, and healthcare systems maximize revenue. We have been providing benefits verification and eligibility services for almost 20 years. HFMI started eligibility verification in Minnesota, supporting Minnesota Medicaid queries for some of our clients. We continued to expand our commercial payer list connections as our clients’ needs grew. The service now includes most of the payers in most of the states.
In 2014 HFMI created a web-based eligibility verification tool branded maxRTE which allows our clients the flexibility to access the website by desktop, tablet or remote locations.
HFMI offered health care providers self-pay/early-out payment conversion services for almost 20 years. As a result of the extensive experience of the HFMI Staff on-premise at many hospital and clinics around the country, HFMI developed the maxRTE solution to help our clients become more effective at securing payment at the front-end of the revenue cycle rather than incurring the expense of collecting at the back-end of the cycle.
HFMI understands the revenue cycle process from admission/registration desks to back office systems. Our staff does this work every day for many hospitals and clinics. As a result of our in-depth understanding acquired by actually using these processes in health provider locations, we know how to make the eligibility verification workflow most effective for your staff.
By introducing maxRTE to our clients, HFMI knew that we’d reduce our self-pay conversion service revenues but would ultimately be helping our clients become more profitable. We will always strive to add value to our customers.
Find out what 135 of your peers report about insurance eligibility verification processes and payments in our co-sponsored industry study.
“maxRTE allows my ED staff to instantaneously check patient eligibility even when our EHR system is down. maxRTE also gives my staff easy access to verify multiple payers with a single eligibility request.” – Kakieta Harvey – Regions Supervisor, Admitting ED.…Read more
"HFMI is great to work with because they are responsive, are willing to modify and customize their web portal for all our clinics as needed and HFMI's web portal gives us the ability to access all the payers that we require." - Catherine M. Ellingson, Business Office Manager, West Side Community Health Services, Inc.…Read more
“We’ve gone from 48 days in receivables to 38 days due to our ability to do eligibility queries up front and determine coverage more accurately.” – Rex Overton – HealthPartners.…Read more