Wage Index Expert, HFS Consultants, Launches Real Time Tool Featuring Best Practices And Instructions For Wage Index Reporting

OAKLAND, Calif., May 14, 2012 /PRNewswire/ -- HFS Consultants (HFS), a California-based healthcare consulting company, and a nationally recognized leading expert in wage index, announces the initial launch of an interactive tool that delivers real-time benefit updates and offers education and best practices for wage index reporting.

The tool, a secure wage index client portal on HFS's website, is being designed to create a state-of-the-art method for the healthcare consultants to interact with clients, provide updates on changing regulations and present detailed instructions and tips for reporting wage index information on the Medicare cost report.

Information is available on best practices related to reporting in the areas of salaries, hours, contract labor, wage related costs, and more. Visitors to the portal can view a summary breakdown of estimated benefits that HFS Consultants has generated for clients through its wage index findings. The company has generated an estimated $135 million in benefits over the past four years for hospitals nationwide.

"We are proud of the compliance-driven approach and our focus on reporting accuracy that has been designed into our product," says Trahan Whitten, HFS Consultants' principal and director of government programs and reimbursement services. "Over the last decade we have learned that more accurate reporting typically results in a higher AHW."  The preciseness of our work plan is evident in the millions in benefits that have been achieved for our clients."

For a free trial of the real-time wage index tool, please go to the portal at:

http://bpi.hfsconsultants.com/WageIndexClientPortal/index.php and enter the following login information:

User Name:     trial
Password:       trial

Hospitals and healthcare systems may request a user account. For more information, please contact Fred Fisher at 714-656-4489 or email: [email protected]

About HFS Consultants

HFS Consultants, now in its 20th year in business, offers a broad range of services focused on the needs of hospitals and other healthcare facilities for financial, strategic, clinical and management operations. It specializes in assisting healthcare facilities position themselves for organizational and competitive change and growth.  Clients include: Dignity Health (formerly Catholic Healthcare West), Hospital Association of Southern California, Trinity Health, St. Joe's Health System, Adventist Health, and Scottsdale (AZ) Healthcare.

For more information, visit http://www.hfsconsultants.com

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Trahan Whitten

http://www.profnetconnect.com/Trahan_Whitten

SOURCE HFS Consultants