Collections Management
Streamline collections to accelerate cash flow
nThrive’s suite of Collections Management technology manages and resolves open receivables, converts denials
Healthcare providers struggling with rising A/R days due to unresolved accounts, denials and variances can improve their cash flow with automated collections processes
Collections Management
Collections Management analyzes A/R workflow and the root causes of denials, then automates and manages processes so providers meet cash collection goals and decrease denial write-off rates
- Resolves open receivables
- Drives maximum productivity with technology-enhanced workflows
- Accelerates cash flow
- Improves revenue yield
Client success
- 12% decrease in denial rate
- 16% reduction in collection denial write-offs
- 6% drop in A/R days within 6 months
- 102% of cash goal collected within 2 months
- 57% drop in monthly denial write-off rate
- $100M in cash collections over and above a one-month goal
Collections Management modules
Collections Management
Automated and customizable business rules to manage A/R management processing and yield highest revenue.
Collections Analyzer
Allows analysis of current A/R workflow and team management, enabling the ability to pivot and adjust as needed.
Denials Management
Automates and accelerates identification and resolution of claim and service-level denials. Included in Collections Management and also available as a standalone solution.
Client success
- Arizona health system reduced denials by more than $1M per month
- Client tripled denial collections/payments in six months
- New Jersey health system achieved a 49.9% increase in collections in one year
- Southwestern health system experienced a 16% reduction in denial write-offs, 3.5% decrease in denial rate and 12% increase in denial cash acceleration in one year
Denials Analyzer
Enables staff to detect patterns and trends to help identify root causes and track volume of denials.
Did you know:
65% of claim denials are never resubmitted
Industry average claim denial rate is 5-10%
Hospitals or health systems with a 10% claims denial rate average a potential loss of:
$3.7M (150-200 beds)
$15.9M (500-600 beds)
$44.3M (2,000-3,000 beds)
Why nThrive
- Innovative: Uses Robotic Process Automation to automate transactional data and improve productivity
- Scalable: Supports single hospitals to large multi-entity health systems
- Accurate: Denial mapping is driven by an advanced payor specific denials management engine that moves beyond simple code mapping and can utilize CPT code, modifiers and identify false denials
- Flexible: PAS and EMR agnostic
Need to decrease your A/R days?
See how a large Southern healthcare system reduced A/R days by 26% using nThrive Collections Management
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