(Decatur, TX) – Wise Health System has achieved recognition as an Adopter of the Healthcare Financial Management Association’s (HFMA) Patient Financial Communications Best Practices. As a Best Practices Adopter, Wise Health System demonstrated that we follow nearly 100 best practices covering all aspects of financial interactions that take place in a variety of care settings.
“When people are dealing with health issues, they should be focusing on their health not trying to decipher confusing financial information,” said HFMA President and CEO Joseph J. Fifer, FHFMA, CPA, in learning of the award. “Wise Health System has demonstrated its commitment to ensuring that patients have a good experience when it comes to the financial aspects of their care.”
Wise Health System joins a select group of hospitals, health systems and physician practices that have received this first-of-its-kind, national recognition. A blue-ribbon task force developed these best practices to help improve communication between healthcare providers and consumers about financial matters.
The task force included representatives from major industry groups, including the American Hospital Association, Americans Health Insurance Plans, the American Academy of Family Physicians and the National Patient Advocate Foundation, amount others. The best practices are part of the HFMA’s Healthcare Dollar & Sense initiative. More information is available at hfma.org/dollars.