Collections and Denial Management Could Reduce Your Claim Denials

By nThrive | Posted: 06/19/2017

At nThrive, we believe it is time for a transformation in the business of health care by solving your most complex and intricate challenges hands on. The emergence of new payment models in value-based care, industry mandates and other market forces are creating unprecedented complexity, and placing severe pressure on revenue cycle management operations in today’s health care organizations.

ICD-10 implementation has increased denials tremendously. 58% of hospitals have experienced an increase in denials due to the implementation. 65% of claim denials were never corrected and re-submitted to payers for reimbursement. According to HIMSS Analytics, a third of health systems still use a manual process for denials and collections and 60% of those health systems plan to purchase a denials/collections management tool in 2017. The need for Collections Management is high in the market.

We know the importance of choosing a strategic partner that you can trust. nThrive Collections Management offers market-leading workflow automation, integration with the nThrive patient financial services suite (Claims Management and Contract Management) and robust analytics to provide insights that drive business results. A seasoned expert in Denials Management and Collections for 15 years, the company’s industry knowledge and consulting expertise are extensive.

MACRA is also the subject of industry buzz this year. It appears that much of the industry is stuck in analysis paralysis, still uncertain on how to move forward. nThrive has the tools and expertise to help you navigate the complexities tied to CMS Quality Payment Program (QPP). Through a mix of MIPS/APM analytics (including MIPS data submission), strategic Health Care Advisory Services, and on-demand network wide MACRA Education, nThrive increase your competitive edge in the MACRA Quality Payment Program.

Let’s keep this conversation going! We look forward to meeting you at HFMA ANI Annual Conference on June 25-28 in Orlando, FL at booth #1721. Continue your education on collections and denials management by joining a demonstration of our Patient-to-Payment℠ suite that includes everything you need to make your experience better.

Stop by to join in on our “Wheel of Charity” game at the booth! Spin the wheel and whatever dollar amount you land on, nThrive will donate to Hire Heroes USA. You can help us help veterans transition from being unemployed or underemployed to employed in high-demand health care jobs. They’ll be provided the right education and training, too.