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
- 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
Collections Analyzer
Denials Management
- 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
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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As seen in Modern Healthcare: It’s time to get ready for the surprise billing ban, experts say
Mark Janiszewski, Chief Strategy & Product Officer at nThrive, was featured in a Modern Healthcare article by Michael Brady centered around hospital and
Why providers should trust EHNAC-accredited partners
nThrive has achieved full accreditation with the Healthcare Network Accreditation Program (HNAP) for Electronic Health Networks (EHN) from the Electronic Healthcare Network Accreditation Commission (EHNAC). HNAP EHN accreditation is intended
HFMA Annual Conference
Visit us at booth #1542 to find out how to defend pricing and reduce denials with CDM Management, our new cloud-based solution for modern EHRs. Also, learn how to get the most out of your labor spend, plus improve operational and financial performance with Robotic Process Automation (RPA).
