OAKLAND, Calif., April 30, 2013 /PRNewswire/ -- HFS Consultants (HFS), a healthcare consulting company, announces the results of its Wage Index Improvement Strategy Services (WISS) for Oregon hospitals in the Portland, Eugene and Medford Core Based Statistical Areas (CBSA).
HFS's findings resulted in a $15.6 million benefit for the hospitals, exceeding the target benefit goal by $9.1 million.
The healthcare consulting firm was contracted by Apprise Health Insights to coordinate the regional Medicare wage index project, to improve the accuracy of the filed data that the Centers for Medicare and Medicaid Services (CMS) uses to adjust the standardized payment for geographic area differences in hospital wages under the Medicare Prospective Payment System (PPS).
"As nationally recognized Medicare wage index experts, we are able to deliver significantly improved reimbursement to hospitals," says Trahan Whitten, CEO of HFS Consultants. "Since 2008, our work with many different geographies has improved reimbursement to our clients by over $300 million, generating an average return on investment of 30 to 1."
The company's website has a secure wage index client portal, http://bpi.hfsconsultants.com/WageIndexClientPortal/index.php, that provides updates on changing regulations and presents detailed instructions and tips for reporting wage index information on the Medicare cost report.
About HFS Consultants
HFS Consultants, in business since 1991, offers a broad range of services focused on the needs of hospitals and other healthcare facilities in the areas of financial, strategic, executive search and interim placement, and clinical and management operations. It specializes in assisting healthcare facilities to position themselves for organizational and competitive change and growth. Clients include: Adventist Health, Alameda County Hospital, Dignity Health, Hospital Association of Southern California, Natividad Medical Center, Oakland Children's Hospital, Scottsdale (AZ) Healthcare, and St. Joe's Health System.
For more information, visit http://www.hfsconsultants.com, or call 510-768-0066.
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SOURCE HFS Consultants