St. Luke's Hospital Achieves HFMA's 2015 MAP Award for High Performance in Revenue CycleSt. Luke's is one of only 18 recipients in the U.S. and the only winner in the St. Louis area.
Chesterfield, Mo., July 16, 2015 - St. Luke's Hospital is a recipient of the Healthcare Financial Management Association's 2015 MAP Award for High Performance in Revenue Cycle. Winners of this national award demonstrate innovative revenue cycle practices that deliver sustainable financial performance.
St. Luke's is one of only 18 recipients of the award in the U.S., and for the second consecutive year, St. Luke's is the only winner in the St. Louis area.
"Our culture of teamwork among all areas of the hospital and with our patients is highlighted by this recognition," said Scott Johnson, St. Luke's Hospital vice president and chief financial officer. "We are committed to partnering with all of our patients so they understand how to access the healthcare services they need and how to manage their healthcare costs."
HFMA's MAP Award for High Performance recognizes healthcare organizations that achieve excellence across all of HFMA's MAP Keys, which are revenue cycle best practice performance indicators including revenue cycle processes, financial performance, patient satisfaction and adoption of the patient-centered recommendations and best practices embodied in HFMA's Healthcare Dollars & Sense™ initiatives, which aim to improve communication about price and value in healthcare.
"In light of the significant changes taking place in the healthcare industry, achieving revenue cycle excellence has never been more important than it is today," said Joseph J. Fifer, FHFMA, CPA, HFMA president and CEO.
MAP stands for measure performance, apply evidence-based strategies for improvement and perform to the highest standards to improve financial results and patient satisfaction.