Case Study: a large southern health system reduces A/R days by 26% with FinThrive

Large Southern Health System reduces A/R days by 26% with FinThrive

a large Southern health system sought to improve productivity, reduce accounts receivable (A/R) days, and streamline its workflow after an unsuccessful attempt to outsource its Central Business Office operations. They needed a tool to unify their workflow and bring greater visibility into their data. They partnered with FinThrive, utilizing their Collections Manager solution.

FinThrive implemented a solution that resolved open receivables and drove maximum productivity with technology-enhanced workflows. This resulted in a 26% reduction in A/R days, a 71% decline in A/R days over 90, and a 57% drop in the monthly denial write-off rate. The health system reported that within the first 18 months, cash exceeded 100% of their expected revenue.