TSI Once Again Receives HFMA Peer Review Designation

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| Source: Healthcare Financial Management Association

Chicago, July 12, 2017 (GLOBE NEWSWIRE) -- The Healthcare Financial Management Association (HFMA) today announced that, following rigorous review, TSI (Transworld Systems Inc) has once again achieved the “Peer Reviewed by HFMA®” designation for its TSI Profit Recovery service.

TSI’s Profit Recovery collections service offers clients an early collections solution to fit individual healthcare organizations’ revenue cycle needs. Healthcare organizations receive the benefits of third-party intervention without incurring the high costs associated with traditional debt collection services. Clients receive payments directly from their patients and receive 100 percent of the recovered money. Plus, a leading web-based interface allows clients to manage their accounts online 24 hours a day, seven days a week, so that the client is always in control of their accounts receivable and cash flow.

"We are very proud of Profit Recovery's renewed Peer Review status for the tenth year in a row and have the utmost respect for the HFMA and its members," said Howard Schnuer, Chief Marketing Officer of TSI. "We understand cash flow is a key to remaining successful in today's economy, especially for hospitals, and our service allows hospitals to address delinquent accounts earlier in the revenue cycle when the chance of recovery is the greatest."

HFMA's Peer Review process provides healthcare financial managers with an objective, third-party evaluation of business solutions used in the healthcare workplace. The rigorous, 11-step process includes a Peer Review panel review comprising current customers, prospects who have not made a purchase, and industry experts. The Peer Review status of the healthcare business solution and its performance claims are based on effectiveness, quality and usability, price, value, and customer and technical support.

“We’re pleased to have TSI renew their HFMA Peer Reviewed designation,” said HFMA President and CEO Joseph J. Fifer, FHFMA, CPA. “The HFMA Peer Review process assures our members, through a rigorous evaluation, that the reviewed healthcare business solution meets an objective, third-party assessment of overall effectiveness, quality, and value."

About HFMA  
With more than 40,000 members, the Healthcare Financial Management Association (HFMA) is the nation's premier membership organization for healthcare finance leaders. HFMA builds and supports coalitions with other healthcare associations and industry groups to achieve consensus on solutions for the challenges the U.S. healthcare system faces today. Working with a broad cross-section of stakeholders, HFMA identifies gaps throughout the healthcare delivery system and bridges them through the establishment and sharing of knowledge and best practices. We help healthcare stakeholders achieve optimal results by creating and providing education, analysis, and practical tools and solutions. Our mission is to lead the financial management of healthcare.

About TSI
TSI is the leading provider of data-driven outsourced revenue cycle management solutions for hospitals and medical practices. From patient billing and reminder letters to professional collections, their intelligent, effective, and streamlined operations have injected more than six billion dollars back into their client’s businesses over the past decade. TSI’s solutions minimize risk, improve operational efficiency, and accelerate cash flow.

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/a800d1fa-5898-4f38-809b-46388360270e

Karen Thomas
Healthcare Financial Management Association
708-492-3377
kthomas@hfma.org

Stephen Dobie
TSI
203-671-8754
stephen.dobie@tsico.com