Contemporary RCM offerings provide robust revenue continuity for healthcare providers.
PLANO, Texas, June 24, 2024 /PRNewswire/ — FinThrive, a healthcare revenue cycle management software-as-a-service (SaaS) provider advancing the healthcare economy, announces the launch of two new business continuity solutions, Standby Claims and Standby Eligibility. These solutions are designed to provide critical backup capabilities during unplanned revenue cycle interruptions, significantly improving healthcare providers’ financial stability and reducing risk.
In an increasingly complex healthcare environment, a sustainable and reliable operating model is critical. The healthcare industry has been tested during recent cybersecurity events that impacted many providers by interrupting their ability to process claims and assess insurance eligibility.
FinThrive Standby Claims and Standby Eligibility complement any third-party claims solution in use by provider organizations, giving them the capability to maintain continuity and protect their revenue streams when facing unplanned downtime. By proactively implementing these solutions, providers can avoid the financial and operational impact of system disruptions, ensuring that their staff and patients are supported with reliable, accurate processes.
Introducing FinThrive Standby Claims
Standby Claims is a comprehensive solution for billing workflows and clearinghouse services. By implementing Standby Claims, healthcare providers can ensure their claims management processes can be quickly restored during system failures or other interruptions. Key features include:
Introducing FinThrive Standby Eligibility
Standby Eligibility provides a resilient backup for eligibility verification processes, ensuring that healthcare providers can maintain accurate eligibility checks even during disruptions. Key features include:
“Our new Standby Claims and Standby Eligibility solutions exemplify our commitment to providing healthcare providers with the tools they need to maintain operational and financial stability in today’s volatile cybersecurity environment,” said Mark Janiszewski, FinThrive’s Chief Solutions Officer. “We are excited to showcase these innovations at the HFMA Annual Conference and demonstrate how we can help our customers be better prepared for potential interruptions to their critical revenue streams.”
Visit FinThrive at booth 225 during the HFMA Annual Conference in Las Vegas from June 24 to 27 to discover how our innovative solutions can transform your revenue cycle management.
About FinThrive
FinThrive helps healthcare organizations increase revenue, reduce costs, expand cash collections, and ensure regulatory compliance across the entire revenue cycle continuum. Providing one of healthcare’s most comprehensive revenue cycle management SaaS platforms, FinThrive’s holistic approach to revenue management offers patient access, charge integrity, claims management, contract management, machine learning & robotic process automation, data & analytics, and education solutions. Three out of five healthcare providers are using FinThrive today. For more information, visit finthrive.com.
Media Contact:
Audra Murphy
VP, Strategic Communications, FinThrive
(717) 476-4864
amurphy@finthrive.com
SOURCE FinThrive
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