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The Revenue Cycle Management Technology Adoption Model (RCMTAM)

    RCMTAM offers healthcare providers a comprehensive tool to evaluate and enhance financial and technological performance through an evidence-based, five-stage maturity model.

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    Featured Content

      FinThrive_EXEC_Revenue Management Automation Guide-svg

      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
      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.
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      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

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      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

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      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.

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