Panacea Healthcare Solutions Highlights Key Contributions at HFMA Conference
Exciting Opportunities for Panacea Healthcare Solutions at HFMA Conference
Panacea Healthcare Solutions is thrilled to engage in the upcoming 49th Annual New Jersey and Metro Philadelphia HFMA Conference. This esteemed event provides a platform for innovators and leaders in healthcare finance to come together and discuss current challenges and best practices.
As a prominent figure in the arenas of financial management, revenue integrity, and clinical services, Panacea is excited to align itself with HFMA's goal of advancing the business of healthcare through innovation and collaboration.
Kevin Chmura, the Chief Executive Officer of Panacea Healthcare Solutions, stated, "The HFMA Conference not only gathers thought leaders, but also fosters rich discussions that lead to actionable strategies. We are delighted to contribute to this tradition by sharing insights that enhance organizational financial sustainability while adhering to evolving regulatory standards.”
Insightful Presentations by Panacea Executives
At the conference, Panacea's executives, Govind "Govi" Goyal, President of the Financial Services Division, and BreAnn Meadows, President of the Revenue Integrity & First Healthcare Compliance Division, will lead a breakout session titled:
CDM Shape-Up: Strengthening Charge Integrity, Avoiding Supply Denials, and Strategic Pricing for Supplies and Pharmacy
This presentation is set for Wednesday, October 29, from 3:20 PM to 4:10 PM ET in Brighton Ballroom 3. Attendees will receive in-depth knowledge on the critical importance of a well-maintained Charge Description Master (CDM) in ensuring compliance and supporting revenue integrity.
With rising scrutiny from CMS regarding price transparency rules, maintaining an accurate and current CDM is essential for healthcare facilities. This presentation will cover strategies to navigate current challenges, particularly in billing for medical supplies and pharmacy products while adapting to changing payer requirements.
Learning Objectives Focused on Enhancing Compliance and Revenue Integrity
The session aims to equip healthcare providers with practical tools and insights including:
- Understanding the key roles of the CDM in achieving price transparency
- Identifying current trends in payer edits related to supply and implant charges
- Recognizing common causes of claim denials
- Implementing strategies for maintaining a compliant and defensible CDM
“Charge integrity is vital for compliance and achieving successful financial outcomes,” remarked BreAnn Meadows. “With the increasing complexity of payer edits, hospitals must adopt proactive measures to keep a compliant CDM that minimizes denials while supporting transparent pricing.”
“Our session is designed to empower providers to harmonize pricing and compliance strategies using data-driven insights,” Govi Goyal added. “By focusing on strengthening the CDM and applying strategic pricing analytics, healthcare providers can safeguard revenue and prepare for the demands of value-based care.”
Networking Opportunities and Sponsorship at the Conference
Apart from presenting, Panacea is proud to sponsor the luncheon at the conference. This luncheon will create opportunities for attendees to network with industry peers and leaders, engaging in meaningful conversations about emerging trends in financial and compliance priorities within the healthcare sphere.
About Panacea Healthcare Solutions
Panacea Healthcare Solutions is dedicated to providing comprehensive financial, revenue integrity, and clinical services and software to healthcare organizations across the country. Its innovative tools, backed by expert consulting services, empower healthcare facilities to achieve compliance, optimize revenue streams, and bolster sustainable financial performance.
To learn more, visit www.panaceainc.com.
Frequently Asked Questions
What is the purpose of the HFMA Conference?
The HFMA Conference focuses on fostering innovation and collaboration among healthcare finance leaders to improve business practices in healthcare.
Who are the presenters from Panacea Healthcare Solutions?
Govind Goyal and BreAnn Meadows will present at the conference, sharing valuable insights on charge integrity.
What will be discussed in the breakout session?
The session titled "CDM Shape-Up" will cover strategies to improve charge integrity and reduce claim denials, as well as ensure compliance with regulations.
Why is a Charge Description Master (CDM) important?
A well-maintained CDM is crucial for revenue integrity and compliance, particularly in relation to price transparency and billing practices.
How can attendees benefit from the conference?
Attendees will have the chance to network with peers, learn about emerging financial priorities, and gain insights into best practices in revenue management and compliance.
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