FinThrive

Revenue cycle management automation is not just a trend—it's a necessity for healthcare organizations striving to reduce costs and increase revenue amidst financial challenges.

Our checklist will show you how to get the most out of your RCM automation investment:

Optimize Your Healthcare RCM with Our Automation Checklist | FinThrive Unlock greater ROI with our comprehensive revenue cycle management automation checklist. Learn how to assess pain points, choose the right vendor, and communicate effectively with staff. Download now.

Tomorrow's the day! Is your healthcare organization equipped to handle a cyberattack? As unexpected outages grow more frequent, having a strong business continuity plan is vital.

Join our must-attend webinar tomorrow to discover how FinThrive's standby solutions ensure critical workflows stay active post-attack. Secure your spot now and enhance your organization's resilience: https://hubs.li/Q02PHwvh0

Central Peninsula Hospital (CPH) faced inefficient training processes, novice workers and inconsistent knowledge access across various points in the organization. This meant registration inaccuracies could result in judgment errors in billing and operations — a shortfall that necessitated the search for a standardized tool for training and knowledge dissemination across the organization.

Through FinThrive Learn, CPH found a solution developed with healthcare experts and industry standards, which resulted in improved operations and staff performance. Read more about this story on our website:

Transform Opertations & Staff Performance | FinThrive Learn Explore how FinThrive Learn reformed operations and staff performance with tailored training, adapted education planning, and course integration for career growth and satisfaction.

Denials have been and continue to be a hot topic in healthcare revenue management. And as the healthcare industry continues to evolve, we need to embrace this disruption and change the denials paradigm.

This webinar "Denials, the Hot Topic We Don’t Want" will discuss how to utilize the knowledge gained from analytics, prioritize your workflow and implement practical solutions for denials prevention throughout the revenue cycle. Watch this webinar here:

Change the Denials Paradigm | FinThrive Webinar Implement practical solutions for denials prevention throughout the revenue cycle.

Join Jonathan Wiik, FinThrive's VP of Health Insights, at the HFMA Region 7 Annual Conference where he will present "Where Are We Stuck? – Applying Analytics to Drive Real Change in RCM".

View details about the event and register here: https://hubs.li/Q02R5NTV0

A large Medicaid plan managed by Accenture has historically used monthly health plan eligibility reports to cross-check its member list and identify additional insurance coverage.

FinThrive saved this program $702 million with our Insurance Discovery solution. Read more in our case study:

Cost Avoidance Strategy Saves $702M for Large Medicaid Program | FinThrive Accenture partners with FinThrive to avoid millions of dollars in a cost avoidance strategy utilizing the industry’s most intelligent insurance discovery technology.

When it comes to bad debt, a lot is out of hospitals' control. Medicaid redeterminations, the rise of high-deductible health plans and economic headwinds have all contributed to rising bad debt and uncompensated care over the past few years, further squeezing margins.

This on-demand webinar, "How to Stem the Rising Tide of Bad Debt" will help listeners understand insurance discovery tools' impact on core revenue cycle KPIs, enabling a more holistic revenue management process. Watch here:

Reduce Bad Debt with Insurance Discovery | FinThrive Webinar Learn how to insurance discovery tools can improve your patient balance management operations.

Is your healthcare organization prepared to maintain operations following a cyberattack? As the frequency of unexpected outages in healthcare continues to rise, establishing a robust business continuity strategy has become crucial.

Join us for an insightful webinar where we will explore how FinThrive’s standby eligibility and claim solutions play a vital role in building redundancy. Discover how these tools ensure that critical revenue cycle management workflows remain operational even in the aftermath of a cyberattack.

Don't miss this opportunity to fortify your organization's resilience and learn from industry experts. Register now: https://hubs.li/Q02PH8lp0

From claim denial rates to patient collection percentages, we've outlined the metrics that truly matter for unlocking revenue success. Whether you're a healthcare provider or an RCM professional, understanding these KPIs is essential for making informed decisions and driving sustainable growth.

Read the full blog to learn more: https://hubs.li/Q02QLN5m0

Key Healthcare RCM KPIs for a Strong Bottom Line | FinThrive Pinpoint areas where your revenue cycle is strong and where it needs improvement to achieve lasting financial success.

From claim denial rates to patient collection percentages, we've outlined the metrics that truly matter for unlocking revenue success. Whether you're a healthcare provider or an RCM professional, understanding these KPIs is essential for making informed decisions and driving sustainable growth.

Read the full blog to learn more: https://hubs.li/Q02qssJM0

Key Healthcare RCM KPIs for a Strong Bottom Line | FinThrive Pinpoint areas where your revenue cycle is strong and where it needs improvement to achieve lasting financial success.

With 65% of healthcare consumers expecting more convenience from their providers, it’s never been more important for healthcare organizations to deliver a positive patient financial experience. Finding the right patient access solution is crucial to keeping your patients happy.

Using our guide can help you choose the right software to transform how your organization delivers care. Check out the Patient Access Software Buyer's guide here:

Patient Access Software Buyer’s Guide | FinThrive Finding the right patient access solution is crucial to keeping your patients happy. Use our buyer’s guide to know which questions to ask during your search.

The recent awareness of healthcare systems' susceptibility to cyber threats has sparked a crucial and timely dialogue across the healthcare ecosystem. Our webinar, “Cyber Resilience in Healthcare—Navigating Post-Breach Challenges and Accelerated Solutions,” addresses this issue head-on, offering not just critical insights but pragmatic solutions to fortify your provider organization's defenses and sustain cash flow integrity.

Watch it here:

Cyber Resilience in Healthcare | FinThrive Webinar FinThrive subject matter experts share knowledge and tools that helped customers get back up and running after the recent cyber incident.

Join us and Florida HFMA on Friday, September 20, during the Florida HFMA Central Education & Networking Event at BayCare Health System for a panel on trends, tech and transformation.

This panel will be hosted by Mark Janiszewski, FinThrive's Chief Solution Officer, and features Moffitt Cancer Center's Director of Business Operations, Bill Arneson, and VP of TTEC, Ebony Langston. Register for the event here: https://hubs.li/Q02QrRN00

For healthcare organizations like yours, optimizing the claims management process can effectively address pressing challenges, including increasing denials, declining revenue and staffing shortages.

Download our new claims management buyer's guide for 12 essential tips to consider in order to simplify and streamline the process:

Claims Management Buyer’s Guide | FinThrive Be armed with the right questions to ask to best evaluate claims management solutions to meet your healthcare organization's unique needs.

The escalation of data breaches and cyberattacks targeting hospitals and healthcare facilities is a growing concern. According to the HHS Office for Civil Rights (OCR), there has been a notable increase in cyber incidents within the healthcare sector. Between 2018 and 2022, the reported large breaches to OCR rose by 93% (from 369 to 712), with a staggering 278% surge in significant breaches involving ransomware.

Proactive organizations can adopt proven strategies immediately to mitigate cybersecurity risks. Read our blog "Cyber Security in Healthcare: How Providers Can Improve Data Safety and Cyber Resilience" for tips on strategy adoption:

Cybersecurity in Healthcare | Enhancing Data Safety & Cyber Resilience | FinThrive Discover how healthcare providers can improve data security and cyber resilience through these proven strategies.

Join Todd R. Otten, MD, Author of "Ripple of Change", and Jonathan Wiik, VP of Health Insights for FinThrive, at the MGMA Leaders Conference for "Thinking Outside of the Box: Evolving Healthcare Through Intuitive Technology."

Find more details about this event here: https://hubs.li/Q02PZx8-0

In the world of healthcare revenue cycle management, you often hear terms like clean claim rate, claim denial rate and claim rejection rate. While each of these metrics plays a crucial role in the financial health of a healthcare organization, focusing on improving claim denial rates and claim rejection rates can have a more significant impact than solely aiming to increase the clean claim rate.

Read more in our blog "Why Reducing Denials and Rejections Matters More Than Clean Claim Rates":

Improve Claim Denial and Rejection Rates | FinThrive Here's why focusing on improving claim denial and rejection rates can matter more than solely aiming to increase clean claim rates.

Each year, new sets of challenges for healthcare compliance arise. The rules become larger in scope and more granular in detail, making understanding and operationalization a daunting task.

Join us on Wednesday, October 9 at 1:30 p.m. ET during the New Jersey and Metro Philadelphia HFMA 48th Anniversary Annual Institute for "2024 Legislative Update: Implications for Healthcare RCM Leaders". This session will be hosted by Joel Hubbart, FinThrive's VP of Product Management, and Nicole Clawson, VP of Revenue Cycle at Pennsylvania Mountains Healthcare Alliance. Register for the event here: https://hubs.ly/Q02PSCYT0

Do you know how your healthcare organization would respond in the event of a cyberattack? As unexpected outages in healthcare become more common, developing a business continuity strategy has never been more important.

Join our upcoming webinar to learn how FinThrive’s standby eligibility and claim solution offerings are critical in creating redundancy and ensuring key RCM workflows stay online in the aftermath of a cyberattack.

Register now: https://hubs.li/Q02PH6S_0

Staffing shortages are plaguing the industry. Robotic Process Automation (RPA) has proven to be an essential technology for automating manual processes.

Learn more about the power of RPA through our on-demand webinar "Optimize Healthcare Revenue Management Operations with Robotic Process Automation":

Optimize Healthcare Revenue Management Operations with RPA | FinThrive Webinar Learn how to ease workforce shortages, demonstrate the value of RPA and assess whether to build or buy your own RPA platform.

Last year, over half of healthcare providers reported an increase in denied claims within their organizations. Common reasons cited included registration errors, inadequate documentation and inaccurate or missing patient information. As the volume of denied claims continues to escalate – average denial write-off rates are now almost four times what they were in 2018, leaders are increasingly focused on identifying optimal solutions to address these challenges.

One of those organizations was the University of Washington Medical Center (UWMC), which sought to decrease its claim denials rate and streamline internal claims processes to maintain financial health and ensure optimal patient care. Read about how they reduced denials by more than 50% here:

UWMC Increases Clean Claims | FinThrive Discover how the University of Washington Medical Center streamlined its claims process and cut denial rates by over 50% using FinThrive.

Join us and Florida HFMA on Friday, September 20, during the Florida HFMA Central Education & Networking Event at BayCare Health System for a panel on trends, tech and transformation.

This panel will be hosted by Mark Janiszewski, FinThrive's Chief Solution Officer, and features Moffitt Cancer Center's Director of Business Operations, Bill Arneson, and VP of TTEC, Ebony Langston. Register for the event here: https://hubs.li/Q02PtLQD0