Case Study: Mercy achieves nearly $50K more in average monthly reimbursement with FinThrive

Mercy boosts average monthly reimbursement by nearly $50K with FinThrive

Mercy, a healthcare provider with over 40 hospitals and 800 physician practices, sought to cut costs and improve efficiencies by finding payer coverage for uncompensated care and secondary coverage for patient accounts. They faced challenges with high internal inefficiencies, poor cash collections, and high administrative costs. To address this, they partnered with FinThrive for its insurance discovery service.

FinThrive implemented a solution that continuously searches for coverage on all accounts, finds additional payment opportunities in complex cases, and identifies commercial policies for patients believed to be uninsured. As a result, Mercy improved its average monthly reimbursement by nearly $50,000, increasing it from $1.72 million to $1.77 million within six months. FinThrive also found an additional $45,000 per month that had been missed by other vendors, demonstrating significant recoverable revenue.

Mercy