Association Launches New Executive Revenue Integrity Council With Support From Xsolis
Written by: zapier | Posted Dec 19, 2023

Posted by: Xsolis
from: Association Launches New Executive Revenue Integrity Council With Support From Xsolis

DOWNERS GROVE, Ill., and NASHVILLE, Tenn., Dec. 19, 2023 –
The Healthcare Financial Management Association (HFMA) and Xsolis the
artificial intelligence (AI) technology company creating a more efficient
healthcare system, announced today the creation of the Executive Revenue
Integrity Council. The goal of the new council is to create a forum for leaders
to address revenue cycle and reimbursement challenges, developing best
practices through networking and education.

The Executive Revenue Integrity Council gives provider and
payer leaders the opportunity to work together to develop solutions to systemic
issues that create unnecessary costs and inefficiencies in the payment
integrity process.

“In today’s resource-constrained environment for hospitals,
financial executives are poised with unique if not unprecedented opportunities
for improvement,” said HFMA’s senior vice president of professional practices,
Richard L. Gundling, FHFMA, CMA. “When leaders collaborate successfully, they
can develop better ideas and solutions than they might have alone. We, with the
support of Xsolis, are excited to connect leaders from some of the country’s
most preeminent hospital systems and health plans to help elevate the health
sector’s thinking and practices. The expertise and collective value this group
can bring will be invaluable in solving some of the healthcare industry’s most
costly challenges.”

In its 2023 Outlook Survey Report, HFMA respondents cited
staffing issues and funding sources as their top two professional challenges
for the year. In addition, prior authorization, government relations and payer
relationships remain top of mind for healthcare financial leaders according to
Becker’s Hospital CFO Report. HFMA recognizes the growing need to bring
provider and health plan organizations together to work toward solving shared
challenges and inefficiencies.

Revenue integrity executives from leading health systems and
health plans across the U.S. are in a unique position to address these issues
as part of the Executive Revenue Integrity Council. The following provider
organizations have signed on to participate to date, and additional health plan
recruitment to the Council is underway. Current participants include:

Allegheny Health Network (PA)

Banner Health (AZ)

Baptist Health (FL)

Centra Health (VA)

Cleveland Clinic (OH)

Dartmouth Health (NH)

Fisher Titus Medical Center (OH)


Jefferson Health (PA)

Mayo Clinic

Methodist Dallas Medical Center (TX)

Montefiore Medical Center (NY)

OSF Healthcare

Premier Health (OH)

Prisma Health (SC)

Providence (WA)

Sparrow Health System (MI)

Sutter Health (CA)

University Health (MO)

University of Chicago Medicine (IL)

University of Pittsburgh Medical Center (PA)

University of Vermont Health Network (VT)

University of Miami Health

Valley Presbyterian Hospital (CA)

Woman’s Hospital (LA)

Xsolis brings its knowledge in fostering collaborative
provider and payer relations and will contribute funding to the initiative as
part of the company’s ongoing commitment to addressing meaningful and solvable
problems in healthcare administration.

“We are honored to lead this important initiative alongside
HFMA,” said Joan Butters, co-founder and CEO of Xsolis. “Administrative waste
costs healthcare greatly, and at least $15 billion could be saved by improving
provider and payer communication and creating more opportunities for alignment
with decision-making. By strengthening the ability to solve shared problems,
health systems and health plans are able to continue focusing on providing
high-quality care.”

The first Executive Revenue Integrity Council meeting will
take place virtually in February of 2024. After the initial meeting, the
Council will meet twice yearly as well as additional meetings throughout the
year, including two stand-alone in-person meetings in conjunction with HFMA
events, two web discussions and ongoing online forum discussions.

To learn more and to apply to join the council, click here.


submitted by: Stacey Lee