Enhance your revenue cycle management with nThrive

If growing patient liability and shrinking reimbursements are eroding your earnings, you are not alone. According to a “230 hospital benchmarks | 2017” report published by Becker’s Hospital Review, todays operating margins range from 6.2 percent for hospitals with stellar credit ratings, to as low as 0.8 percent for those that are struggling.

We’ll be discussing ways to counter shrinking margins and improve revenue performance at two events this fall:  Becker's Hospital Review 4th Annual Health IT + Revenue Cycle Conference in Chicago, Ill., Sept. 19-22, booth #1108; and, the National Rural Health Association 2018 Critical Access Hospital Conference, in Kansas City, Mo., Sept. 26-28, booth #305.

At both events, you’ll have the opportunity to meet with nThrive revenue cycle professionals to learn about our range of health information management services aimed at capturing dollars through innovative revenue cycle management. more for your services.

If you find that your batteries are running low while at the Becker’s Conference, stop by our booth to re-charge all of your devices at our complimentary charging station during the designated exhibit hours. We’ll also enter you into our drawing to win a free Patient Access assessment, outlining exactly how our Front End Solutions can help your health care organization generate more revenue in 2018 and beyond.

Then, at the Critical Access Hospital Conference you’ll have the opportunity to “Spin the Wheel for Charity” to help nThrive give back to Heart for Africa, a faith-based, non-profit public charity that helps to provide care and hope to children in Swaziland.

How nThrive can help

nThrive’s health solutions can help hospital and medical billing organizations generate more cash across all areas of the revenue cycle. In Patient Access, this includes:

  • Achieving Eligibility and Enrollment conversion rates for self-pay to Medicaid as high as 40 percent – 10 percent higher than the industry average
  • Generating 17 percent  more cash compared to competing vendors through Self-Pay and Bad Debt Collections
  • Reducing cost to collect to return more dollars to your bottom line with Financial Clearance Services

Our Mid Revenue Cycle Services can further improve revenue integrity through:

  • Bridge resource gaps on staffing and staff management with Clinical Documentation Improvement Programs (CDI)
  • Achieve Coding accuracy in the high 90s with Medical Billing and Coding Services
  • Mitigate risk and regulatory exposure while maintaining revenue cycle integrity with Coding Audits

On the back end, our Patient Financial Solutions bring in more dollars by:

  • Denial Management: On average, nThrive helps clients decrease Medicare denials up to 20 percent in first year of partnership
  • A/R Augmentation: Help health care providers’ teams reduce inventory and cost-to-collect quickly and efficiently through innovative receivables management
  • A/R Work down: Decrease risk of write-offs, prevent legacy inventory from aging during and after systems conversions

 

Let’s finish strong in 2018 together! We can’t wait to see you at Becker’s or NRHA soon and answer any questions you may have about nThrive and our suite of health solutions!