Claims Management

FinThrive Blog

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Claims Management

9 min read

How Data Analytics is Transforming A/R Optimization in Healthcare

Analytics in accounts receivable (A/R) isn’t just about gathering data; it’s about transforming it into actionable insights that drive smarter decisions, reduce financial risks and boost cash flow.

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8 min read

Best Practices for Collaborating with Payers

The relationship between providers and payers plays a critical role in ensuring smooth and timely claims processing. However, these relationships often face challenges, from misunderstandings of policy requirements to shifting regulations.

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4 min read

Maximizing Revenue Through Efficient A/R Management: Best Practices for Hospitals

Optimizing accounts receivable (A/R) management is more important than ever as billing processes grow more complex and value-based care becomes the standard. This blog highlights the significance of effective A/R management and outlines actionable...

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7 min read

The Dangers of Delayed Claims Processing: How to Speed Up Your A/R Cycle

In today’s healthcare landscape, where financial sustainability is top of mind, delayed claims processing can be a significant roadblock to cash flow and overall revenue cycle efficiency. Hospitals and health systems face heightened risk when claims are...

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6 min read

Understanding the Claims Lifecycle: A Step-by-Step Guide

Grasping the details of the claims lifecycle in healthcare is crucial for getting timely reimbursements and maintaining financial well-being. As healthcare organizations strive for an efficient and accurate claims management process, it’s crucial to...

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4 min read

Top 5 Mistakes in Claims Management – And How to Avoid Them

Claims management accuracy and efficiency are crucial for hospital billing, accounting and finance professionals. However, common missteps can cause expensive delays, denials and reimbursement deficiencies. Below, we explore the top five mistakes in...

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5 min read

Ensuring Continuity in Claims Management with a Standby Partner

In today’s healthcare environment, maintaining secure and continuous claims management is more crucial than ever. Recent cyberattacks highlight the vulnerabilities organizations face without robust backup systems. When claims systems fail, revenue...

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7 min read

Why Reducing Denials and Rejections Matters More Than Clean Claim Rates

In the world of healthcare revenue cycle management, you often hear terms like clean claim rate, claim denial rate and claim rejection rate. While each of these metrics plays a crucial role in the financial health of a healthcare organization, focusing...

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4 min read

How a Top-Ranked Medical Center Reduced Denials by More Than 50% with FinThrive

Last year, over half of healthcare providers reported an increase in denied claims within their organizations. Common reasons cited included registration errors, inadequate documentation and inaccurate or missing patient information.

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5 min read

5 Top Questions to Effectively Evaluate a Claims Management Solution

In 2023, more than 50% of healthcare providers said the number of denied claims rose for their organizations, most often due to errors in registration, lack of documentation and missing or incorrect patient information.

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5 min read

Revolutionizing Claims Management Through Robotic Process Automation

For modern healthcare to realize its true potential, revenue cycle management needs a new vision. The future requires a connected and holistic approach that empowers the providers, payers and patients who make the healthcare economy. Current processes...

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