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    Embrace Disruption

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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.
       

      Case Study
      Insurance Discover

      Mercy Improves Average Monthly Reimbursement by Nearly $50,000

      Business issue

      Mercy sought ways to cut costs, improve internal efficiencies and find both potential payer coverage for uncompensated care accounts and secondary coverage for patient accounts.
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      Before FinThrive

      High internal inefficiencies

      Poor cash collections

      High vendor and administrative costs

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      Solution Highlights

      Continuously looks for coverage on all accounts (not just self-pay)

      Finds additional payment opportunities from complex cases including Medicaid secondary and potential coordination of benefits opportunities

      Identifies commercial policy ID numbers for patients believed to be uninsured

      Monitors Medicare and Medicaid for retroactive SSI certification

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      Customer Overview

      Mercy is comprised of more than 40 acute care and specialty hospitals, and 800 physician practices and outpatient facilities

      FinThrive Value

      $1.77M

      Average reimbursement increased from $1.72M to $1.77M per month in six months

      $45K

      Found an additional $45K per month running behind other vendors

      6 mo.

      In 6 months, delivered significant value, finding coverage missed by other vendors

      Any revenue management process relying on less robust vendor services for insurance discovery solutions may be leaving significant, billable coverage on the table.

      In some cases, as demonstrated by this instance, that can translate to millions of dollars in lost earned revenue.

      Revenue management without limits

      FinThrive provides smarter, smoother revenue management to 3,250+ healthcare providers in North America, including 37 of the 40 largest hospitals and health systems in the U.S.

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