Case Study
Real-Time Insurance Discover
McCurtain Memorial Hospital Cuts Weekly Verification Time by 30 Hours with Real-Time Insurance Discovery
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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
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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.