VEI has been awarded the 2020 MAP Award for High Performance in Revenue Cycle by Healthcare Financial Management Association (HFMA)! For the fourth straight year, VEI has been recognized as an industry leader in revenue cycle management based on a myriad of metrics including Days of Accounts Receivables for the clinic operations.
Virginia Eye Institute Receives HFMA’s 2020 MAP Award for High Performance in Revenue Cycle
June 12th, 2020 – Virginia Eye Institute has been named as a recipient of the 2020 MAP Award for High Performance in Revenue Cycle, sponsored by the Healthcare Financial Management Association (HFMA). As a national award winner, Virginia Eye Institute has met industry-standard revenue cycle benchmarks, implemented the patient-centered recommendations and best practices embodied in HFMA’s Healthcare Dollars & Sense® initiatives, and achieved outstanding patient satisfaction.
Award recipients are acknowledged as industry leaders and share proven strategies with their colleagues. The award will be formally presented on July 17 during a session of the Virtual Annual Conference.
“I am very proud of our team for achieving this national recognition. It is their attention to detail and professional interactions with payers and patients that makes such a positive impact.” – Brad Smith, CEO, MBA, FACHE, FHFMA, CMPE, COE
“Congratulations to all of our winning organizations, which have not only adopted HFMA’s Best Practices for Patient Financial Communications but also achieved excellence in revenue cycle overall,” said HFMA President and CEO Joseph J. Fifer, FHFMA, CPA. “These exceptional organizations have superior processes for communicating complex financial issues to patients in understandable ways.”
Created by and for healthcare leaders, HFMA’s MAP initiative sets the standard for revenue cycle excellence in the healthcare industry. MAP is a comprehensive strategy that allows organizations to measure revenue cycle performance using the industry-standard MAP Keys; apply evidence-based strategies for improvement; and perform to the highest standards to improve financial results and patient satisfaction.
About Virginia Eye Institute
Virginia Eye Institute (VEI) is a comprehensive eye care organization providing a wide range of ophthalmology, optometry, and optical services in 8 locations across central Virginia. VEI offers exceptional ophthalmologic care-including cataract, cornea, glaucoma, retina, ocular plastics, pediatrics, and refractive surgery (LASIK). VEI also has an Aesthetic Center in Short Pump performing remarkable cosmetic and reconstructive surgeries by our fellowship-trained specialists. VEI’s NEW Hearing Center is now open with a full range of testing and hearing services. We offer the most technologically advanced hearing instruments with unparalleled service.
Read more about the 2020 MAP Award Winners in this article from HMFA: https://www.hfma.org/about-hfma/press-releases/2020/winners-receive-2020-map-award-high-performance-revenue-cycle.html?deliveryName=RCI_A%2FB%20Test_FY21_20200609