Case Study
Payment Estimator, Insurance Verifier, Contract Manager
Southern California Hospital Achieves 4,500% Increase in Monthly POS Collections in 13 Months
Business issue
This customer needed a technology partner to assist them in increasing revenue collections and accuracy of contract modeling, as well as in providing patients accurate liability estimates.
Before FinThrive
Inability to provide accurate estimates to patients
Underutilization of patient estimation tools
Lack of reporting around estimate accuracy
Solution Highlights
Provides easy-to-understand payment estimates to patients
Streamlines point-of-service (POS) collections process
Offers ease of use across departments
Successfully engages and frees up front-end teams
Customer Overview
A nonprofit, 408-bed acute care hospital
Serves more than 3.7 million residents in California
FinThrive Value
↑4,500%
A 4,500% increase in monthly POS collections from June 2020 to July 2021
↑11%
Patient estimate accuracy increased by 11% from July 2020 to March 2021
8X ROI
Realized an 8X ROI in one year
“Having a strong Contract team that works closely with the Implementation team to ensure data is captured correctly is crucial to POS collection success. This is exactly what FinThrive has provided us and more.”
Patient Access Director
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.