The FIT Revenue Recovery ServiceWare has found tens of millions of dollars in unexpected cash for our clients.  FIT ServiceWare is offered for use by your hospital staff, or collaboratively, with HWC’s analysts on your team.  FIT is an automated “data mining” approach used for analyzing payment variances and identifying revenue opportunities on patient accounting claims. FIT ServiceWare is one of the most powerful, yet easy to install and use, revenue recovery tools in healthcare today. 

Find Income. Improve Billing. Tighten Controls.

Why You Need To Get  FIT.

If your hospital is like most US hospitals, over the last few years you have been experiencing flat, if not declining profit levels compounded by crippled cash flow. Previously large hospital profit margins have become little more than a fond memory due to the continual migration of patients from indemnity insurance plans to lower paying managed care plans. Combining the effects of lower payment rates with increased retroactive medical denials, hospital executives are finding it difficult to keep their institutions solvent.

What's more, many contracts are calling for increasingly complicated billing methodologies which cannot be easily processed by conventional billing software. Ironically, in this age of computerized information handling, most hospitals have to rely on clerical personnel to process the most complicated claims, increasing the likelihood of billing and accounting errors. In many cases, preparing the initial bill consumes so much time that not inadequate resources remain for billing follow-up.

The FIT Approach

The FIT process starts by loading every clinical and financial procedure level transaction from your hospital's historical receivable file into a relational database. Each account is then grouped and "repriced" to arrive at the highly accurate "FIT Price."

Accounts are then rebilled and followed up through the collection cycle. The result? Improved billing and cash collection, as well as, increased accuracy of your hospital's financial statements. Best of all, you will get immediate recovery of lost revenues—from accounts that you thought were "closed."

FIT Right In.

Unlike many "expected reimbursement systems" currently on the market, FIT complements rather than interferes with your hospital’s existing Business Office operations.

Once the data is loaded, it is available for your use over the Internet using the HWC ASP. This cutting-edge web-based technology allows access to your data from anywhere in the world on any PC workstation or laptop through a secure Internet connection. HWC's SSL (Secure Socket Layer) and security token technology ensures security, addressing HIPAA privacy requirements. 

The FIT Program pays for itself.

See also:
FIT Frequently Asked Questions (FAQs)