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      Your Guide to an Autonomous Revenue Cycle
      Plot a course toward forward-thinking innovation that improves efficiency, the patient experience and your bottom line.
       

      FinThrive Blog

      Get a pulse on the industry with must-read insights and tips

      End-to-End Revenue Management

      5 min read

      Four Tips to Reduce Uncompensated Care

      Healthcare organizations are feeling the sting of unpaid care, which surged by 33% from Q1 2023 to July 2023. And while it may not be possible to eliminate it, there are initiatives you can put in place today to lessen its impact.

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      6 min read

      Delight Your Patients, Empower Your Staff: The Power of Virtual Intake

      Let’s be honest – navigating healthcare is a difficult and stressful experience. At a time when almost everything in our lives has gone digital – booking flights, making dinner reservations, getting a ride, ordering groceries, and more. Unfortunately,...

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      4 min read

      3 Ways Improving RCM Can Combat Staffing Shortages

      Since 2020, the healthcare industry has been hit hard by staffing shortages, with an estimated 20% in workforce reduction. Labor shortages are affecting all areas of healthcare organizations, not just clinical.

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      11 min read

      Healthcare Revenue Management Insights: Q3 2023

      Welcome to the third quarter 2023 edition of the healthcare industry insights! Continued recovery is occurring as we start to close out 2023. Per normalized data from the September KaufmanHall report, we have seen over seven months of positive margins....

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      6 min read

      2023 Trends Report: How Healthcare RCM Leaders Embrace Change

      By Jeff Becker, Vice President, Portfolio Solutions, FinThrive

      Introduction

      Earlier this year, FinThrive partnered with AlphaSights to conduct a comprehensive body of research among RCM leaders. This initiative was designed to gather the latest trends...

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      5 min read

      What You Missed at HFMA Region 8 Mid-America Summer Institute

      By Jonathan G. Wiik, Vice President, Health Insights, FinThrive

      The 2023 HFMA Region 8 Mid-America Summer Institute (MASI) was a great educational conference. There were about 400 folks in attendance, ranging from large health systems and critical access...

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      6 min read

      Preventing Claim Denials: 6 Top Reasons Claims Are Denied and How to Avoid Them

      Claim denials can be a frustrating and costly experience for both healthcare providers and patients—in 2022, the costs of claim denials rose 67%. To prevent claim denials and ensure a smooth, efficient revenue cycle management process, it’s important to...

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      7 min read

      Compliance as the Cornerstone: Building Revenue, Cutting Costs and Delivering Exceptional Patient Care

      In the healthcare industry, compliance is essential to protect providers from potential and significant legal or financial risks. However, compliance can also serve as a cornerstone for building revenue, cutting costs and delivering exceptional patient...

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      4 min read

      The Growing Challenges of Hospital Denial Management

      Several recent trends in the healthcare market have worsened the urgent issue of hospital denial management. Hospitals are grappling with the collection of their rightful payments, and each of these new developments poses an added threat. Let's explore...

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      8 min read

      What is Revenue Cycle Management in Healthcare?

      Medical practices, health systems and hospitals’ primary goals are to provide life-saving care and keep patients healthy. Like any other business, however, these healthcare organizations must also focus on their own financial health to stay afloat....

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      11 min read

      Healthcare Revenue Management Insights: Q2 2023

      Hospitals are starting to see some daylight as we approach the second half of 2023. Per normalized data from a recent June Kaufman Hall report, signs of recovery continue with three consecutive break-even months. Volumes have continued to stabilize, with...

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      10 min read

      What You May Have Missed at HFMA 2023 – Industry Trends and More

      By Greg Lanier, Chief Growth Officer, FinThrive

      2023 HFMA Annual did not disappoint! I was honored to be at such an electric event amongst many health system, hospital, provider, and business partner leaders across the country. The Gaylord Opryland...

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      7 min read

      HIMSS 2023 Insights

      By Greg Lanier, Chief Growth Officer, FinThrive

      HIMSS ’23 saw more than 35,000 attendees, as healthcare executives from around the world gathered to tackle the industry’s toughest challenges. Several themes emerged from the conference surrounding...

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      10 min read

      FinThrive Customer Advisory Board – Insights to Transform our Industry

      By Greg Lanier, Chief Growth Officer, FinThrive

      Last week, key customer executives from FinThrive gathered for two days in Sarasota, Florida. The discussion was electric, innovative, engaging, and transformative. Seema Verma, former CMS Administrator,...

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      9 min read

      Healthcare Revenue Management Insights: April 2023

      By Jonathan G. Wiik, Vice President, Health Insights, FinThrive

      Welcome to the April 2023 edition of Revenue Management Insights. This month, we'll be discussing several important trends that are impacting the healthcare industry, including hospital...

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      8 min read

      Healthcare Revenue Management Insights: March 2023

      By Jonathan G. Wiik, Vice President, Health Insights, FinThrive

      Welcome to the March edition of Healthcare Revenue Management Insights. Just as we’re starting to see flowers poking up through the snow (those of us in Colorado, at least), hospitals have...

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      12 min read

      End-To-End RCM: A Vision for the Future with a Strategy that Starts Now

      From top analysts to hospital board rooms, healthcare leaders have emphasized a consistent theme for 2023: an end-to-end approach to revenue cycle management (RCM). End-to-end capabilities featured prominently in the Everest Group’s recent Revenue Cycle...

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      9 min read

      Healthcare Revenue Management Insights: February 2023

      By Jonathan G. Wiik, Vice President, Health Insights, FinThrive

      It’s about time: hospitals finally posted a positive margin in December according to Kaufmann Hall’s latest flash report. That’s just one piece of a generally optimistic outlook on the rest...

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      6 min read

      3 Ways Regional Health Systems Can Improve Community Health

      If we were designing the healthcare system from scratch, Brook Ward says most of us would have a clear vision for what it should look like.

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      7 min read

      The Results Are In: See How the Everest Group Ranked 15 Top RCM Platforms

      2022 was a tough year for healthcare providers… and patients. For providers, expenses outpaced revenue, driven up by the labor shortage, premium-priced outsourcing services and inflationary supply costs. For patients, job instability, insurance...

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      10 min read

      Healthcare Revenue Management Insights: January 2023

      By Jonathan G. Wiik, Vice President, Health Insights, FinThrive

      New year, new data! While the numbers from the end of 2022 continue to show the same challenges faced throughout the year – negative margins, staffing issues, inflation, unpredictable...

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      9 min read

      FinThrive Monthly Insights: December 2022

      By Jonathan G. Wiik, Vice President, Health Insights, FinThrive

      As 2022 draws to a close, we reflect on one of the worst financial years for U.S. hospitals. The latest reports are showing the 10th straight month of negative margins, labor issues persist...

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      11 min read

      FinThrive Monthly Insights: November 2022

      By Jonathan G. Wiik, Vice President, Health Insights, FinThrive

      2022 has been one of the worst financial years for hospitals1 and most US hospitals and health systems are in a tight spot, to put it mildly. Between lower volumes, staffing shortages,...

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      6 min read

      Empowering Providers, Payers and Patients: Financial Excellence for All

      At Becker’s 7th Annual HIT RCM Conference in Chicago, FinThrive’s Chief Innovation Officer John Yount was joined by Brad Tinnermon, VP of Revenue Cycle and Revenue Integrity at Banner Health, and Matt Leary, VP of Finance at Centura Health. Read on to...

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      6 min read

      Four Ways That Automated Revenue Management Unlocks Real Value

      The current state of healthcare is incredibly costly for providers, payers, and patients. In 2020, hospitals lost $42.7 billion to uncompensated care. They spent $500B on administrative costs, $395B on waste, and $90B on inflated pricing. Payment cycle...

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      4 min read

      Emerging Revenue Management Approaches for 2022

      For a hospital CFO, the COVID-19 pandemic shifted priorities and emphasized cost containment and innovation in reimbursement models. It has forced leaders to take a hard look at their revenue management processes. In fact, per a recent...

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      4 min read

      Emerging Trends in Revenue Management

      To improve patient financial experiences and protect profitability, healthcare financial leaders need a strategy that focuses on end-to-end revenue management.

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