Case Study
Real-Time Insurance Discover
McCurtain Memorial Hospital Cuts Weekly Verification Time by 30 Hours with Real-Time Insurance Discovery
Business issue
McCurtain Memorial Hospital faced the challenge of using multiple platforms for insurance eligibility checks, which led to manual data entry and delays. Financial challenges driven by inefficient self-pay account screening and the region’s significant tourist population made timely updates of insurance information crucial.
Before FinThrive
Manual data entry process for insurance checks was time-consuming
Fragmented workflows due to multiple platforms lead to inefficiencies and potential errors
Processing delays impacted operational efficiency, revenue and patient care
Solution Highlights
Quickly verifies payer details in typically 3-6 seconds, accessing over 400 payers
Minimizes revenue loss by swiftly identifying billable patient coverage and eliminating discrepancies
Enhances financial health and patient experience through user-friendly, customizable features for accurate verification and reduced delays
Customer Overview
Founded in 1953
A 25-bed critical access hospital
Serving Oklahoma for over 50 years
FinThrive Value
30
Saved 30 hours per week compared to manual verifications
83%
Identified insurance coverage with an 83% accuracy rate, greatly exceeding expectations
30-45
Immediate insurance validation, cutting denial response time by 30-45 days
“Real-Time Insurance Discover has been a game-changer for us. Before, we were stuck in manual guesswork, wasting time and making errors. Now, with Real-Time Insurance Discover, verifications are quick, and we can focus more on patient care.”
Cole Jackson, M.H.A.
Director of Revenue Cycle
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.