SlideShare a Scribd company logo
1 of 2
Download to read offline
HSMN Tops List of Revenue Cycle Management Consulting Firms in Modern Healthcare
HSMN (Health Systems Management Network Inc), a leading consulting firm to hospitals and clinical
practices, is being featured in the most recent edition of Modern Healthcare Magazine published on Sept.
2nd.
This issue lists the nation’s largest healthcare consulting firms that generated the most revenue in 2012
from the consulting fees that were charged to providers. Modern Healthcare conducted a survey that
included 83 different consulting companies who voluntarily elected to participate in the survey. The
survey has been conducted each year since 2006 and this year HSMN topped the list .
The staff at HSMN has almost 30 years of experience in consulting for hospitals and private medical
practices. Their focuses include revenue cycle management, clinical documentation, and transitioning
clinicians ICD-10-CM/PCS.
With the full implementation of ICD-10 scheduled for October 1st
, 2014, healthcare practices around the
country are facing formidable challenges to their entire Revenue Cycle particularly for clinicians and the
Coders. HSMN is providing services that address issues in the revenue cycle all the way from the first
patient encounter to the a clean claim out the door and paid.
HSMN’s approach to revenue cycle management consulting includes the following steps:
 Identify gaps in current documentation & coding
 Use deconstruction methodology to reconstruct every step toward creating a claim
 Create a management plan with defined roles
 In depth training of all staff on the RCM team
 Web-based training by medical staff that can be easily accessed
One of the most important steps is this process is the training of the current clinical
documentation team and medical staff. HSMN facilitates this training and leads the way,
however, the training is done by in-house members of the staff. HSMN looks for the
“Champions” of the staff. According to Theo Tarantini from HSMN: “In many cases, those
‘Champions’ are likely to show themselves and rise to the challenge without needing to be
sought out”.
These members of the staff help to create a training program that can be viewed online by the
rest of the staff. HSMN has found that using existing in-house staff for this part of the training
process is more effective and the information is more easily absorbed by the staff members who
need it.
About HSMN (Health Systems Management Network)
For almost 30 years HSMN has worked with medical staff in every major medical and academic
medical center to improve the quality of the documentation and ultimately the resulting revenue
and reduction in denials. Right now HSMN is offering consulting services that are specifically
designed to help transition hospitals and private practices into the ICD-10-CM/PCS era.
Readers who are interested in finding out what HSMN can do for them may contact this
company by phone 866-908-4226 or the following email info@hsmn.com. Visit us-
http://www.hsmn.com

More Related Content

Featured

Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
Kurio // The Social Media Age(ncy)
 
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them wellGood Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
Saba Software
 
Introduction to C Programming Language
Introduction to C Programming LanguageIntroduction to C Programming Language
Introduction to C Programming Language
Simplilearn
 

Featured (20)

How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search Intent
 
How to have difficult conversations
How to have difficult conversations How to have difficult conversations
How to have difficult conversations
 
Introduction to Data Science
Introduction to Data ScienceIntroduction to Data Science
Introduction to Data Science
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best Practices
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project management
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
 
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
 
12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at Work12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at Work
 
ChatGPT webinar slides
ChatGPT webinar slidesChatGPT webinar slides
ChatGPT webinar slides
 
More than Just Lines on a Map: Best Practices for U.S Bike Routes
More than Just Lines on a Map: Best Practices for U.S Bike RoutesMore than Just Lines on a Map: Best Practices for U.S Bike Routes
More than Just Lines on a Map: Best Practices for U.S Bike Routes
 
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
 
Barbie - Brand Strategy Presentation
Barbie - Brand Strategy PresentationBarbie - Brand Strategy Presentation
Barbie - Brand Strategy Presentation
 
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them wellGood Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
 
Introduction to C Programming Language
Introduction to C Programming LanguageIntroduction to C Programming Language
Introduction to C Programming Language
 

HSMN Tops List of Revenue Cycle Management Consulting Firms in Modern Healthcare

  • 1. HSMN Tops List of Revenue Cycle Management Consulting Firms in Modern Healthcare HSMN (Health Systems Management Network Inc), a leading consulting firm to hospitals and clinical practices, is being featured in the most recent edition of Modern Healthcare Magazine published on Sept. 2nd. This issue lists the nation’s largest healthcare consulting firms that generated the most revenue in 2012 from the consulting fees that were charged to providers. Modern Healthcare conducted a survey that included 83 different consulting companies who voluntarily elected to participate in the survey. The survey has been conducted each year since 2006 and this year HSMN topped the list . The staff at HSMN has almost 30 years of experience in consulting for hospitals and private medical practices. Their focuses include revenue cycle management, clinical documentation, and transitioning clinicians ICD-10-CM/PCS. With the full implementation of ICD-10 scheduled for October 1st , 2014, healthcare practices around the country are facing formidable challenges to their entire Revenue Cycle particularly for clinicians and the Coders. HSMN is providing services that address issues in the revenue cycle all the way from the first patient encounter to the a clean claim out the door and paid. HSMN’s approach to revenue cycle management consulting includes the following steps:  Identify gaps in current documentation & coding  Use deconstruction methodology to reconstruct every step toward creating a claim  Create a management plan with defined roles  In depth training of all staff on the RCM team  Web-based training by medical staff that can be easily accessed One of the most important steps is this process is the training of the current clinical documentation team and medical staff. HSMN facilitates this training and leads the way, however, the training is done by in-house members of the staff. HSMN looks for the “Champions” of the staff. According to Theo Tarantini from HSMN: “In many cases, those ‘Champions’ are likely to show themselves and rise to the challenge without needing to be sought out”. These members of the staff help to create a training program that can be viewed online by the rest of the staff. HSMN has found that using existing in-house staff for this part of the training process is more effective and the information is more easily absorbed by the staff members who need it.
  • 2. About HSMN (Health Systems Management Network) For almost 30 years HSMN has worked with medical staff in every major medical and academic medical center to improve the quality of the documentation and ultimately the resulting revenue and reduction in denials. Right now HSMN is offering consulting services that are specifically designed to help transition hospitals and private practices into the ICD-10-CM/PCS era. Readers who are interested in finding out what HSMN can do for them may contact this company by phone 866-908-4226 or the following email info@hsmn.com. Visit us- http://www.hsmn.com