MedPay Contributes to Henry County Health Center Receipt of High Performance in Revenue Cycle Award

Henry County Health Center, located in Mt. Pleasant, Iowa was chosen as one of only eleven healthcare providers nationwide to have ever received the prestigious Healthcare Financial Management Association’s (HFMA) High Performance in Revenue Cycle award.

The HFMA recognizes outstanding organizations selected from over 5,000 acute care hospitals all over the United States. This honor was achieved with help from MedPay Management Systems (MedPay), a division of H & R Accounts, Inc.

Henry County Health Center’s partnership with MedPay started when the hospital’s leadership set out to revamp its revenue cycle operations, and it enlisted MedPay’s help to accelerate cash flow from outstanding receivables and provide personalized customer service to its patients.

With the help of MedPay, Henry County Health Center quickly saw a drop in the number of days in accounts receivable and an increase in cash flow. Increased funds helped the hospital finance other initiatives, resulting in a positive operating margin on increased volumes, an 80% reduction in medication errors, and much higher levels of satisfaction among physicians, patients, and associates. The hospital recently achieved Level 5 of the HIMMS Analytics EMR Adoption model, placing it in the top 1.5% of hospitals nationwide.

Henry County Health Center’s CFO, Dave Muhs, FHFMA, said about the award: “This achievement was built upon internal teamwork, technology and partnerships. Without that teamwork, technology and partnership, the benefits our patients now enjoy would not be there. As a partner of HCHC, MedPay can take pride in the fact that it helped HCHC in this endeavor.”

Julie VanPelt, Director of Operations at MedPay Management Systems, added: “Our partnership with Henry County Health Center has been so successful because its leadership team understands the power of specialization. They have leveraged our strengths to drive improvements in their patient billing processes, freeing cash and resources to improve many other parts of their organization. We congratulate our partner, Henry County Health Center, for its successful strategy and for earning this prestigious award.”

About H & R Accounts
H & R Accounts (www.hraccounts.com) and its operating divisions MedPay Management Systems and Preferred Medical Deposit, provide revenue cycle management services to a wide range of healthcare providers across the nation.

From third party claim resolution to self-pay billing and collections, no other company offers the same combination of maximum revenue-to-cash conversion, respect for the patient, regulatory compliance, and ease of use. That’s why hundreds of hospitals, physician clinics and other healthcare providers rely on H & R Accounts to help them accelerate their cash flow cycle and achieve a healthier bottom line.