FinThrive
FinThrive offers comprehensive revenue management solutions for the healthcare industry, serving a wide range of markets and stakeholders. Their platform aims to increase revenue, reduce costs, and ensure regulatory compliance while addressing social determinants of health and promoting sustainability.
Company Overview
FinThrive is a company specializing in healthcare revenue management solutions. Their comprehensive platform aims to enhance revenue, cut costs, increase cash collections, and ensure compliance with regulations. The platform features capabilities like Clean Claims, Net Operating Margins, and Compliance. By utilizing advanced technologies, such as Robotic Process Automation (RPA), FinThrive delivers tailored solutions that drive efficiency and accuracy across the healthcare finance ecosystem.
Services
FinThrive offers a suite of solutions encompassing Patient Access, Revenue Integrity, Revenue Collect, Revenue Recovery, and Transform. These services cater to various healthcare market segments including Hospitals and Health Systems, Ambulatory & Physician Practices, Payers, Partners and Resellers, and Life Sciences. Each solution is designed to streamline financial operations, enhance patient care, and optimize revenue cycle management.
Market Reach
FinThrive serves a diverse range of markets, including hospitals, health systems, ambulatory and physician practices, payers, partners, resellers, and life sciences. With over 3,245 customers worldwide, FinThrive has delivered more than $10 billion in net revenue and cash. Their platform is utilized by various healthcare stakeholders to improve financial performance and patient outcomes.
Technology
FinThrive incorporates advanced technology within their platform to maximize efficiency and accuracy. Notably, they integrate Robotic Process Automation (RPA), which helps with task automation, reducing manual errors and costs. Their Insurance Discovery solution has been recognized as Best in KLAS for 2024 and 2023. These technologies ensure their clients achieve near-perfect clean claim rates and optimized revenue cycles.
Sustainability and Social Impact
FinThrive has a Sustainability Program that aims to make a positive impact through adherence to key environmental, social, and governance (ESG) standards. They utilize their data assets to visualize health inequities and predict risk, facilitating targeted social interventions. By addressing social determinants of health (SDOH), FinThrive’s solutions contribute to improved patient care and health outcomes.