FinThrive Named the Highest in the Leader Category in Everest Group’s Revenue Cycle Management Platforms PEAK Matrix Assessment 2023
The company achieved the highest ranking in vision & ability to deliver products successfully
FinThrive, Inc., a healthcare revenue management software-as-a-service (SaaS) provider, has been named a Leader in Everest Group’s Revenue Cycle Management Platforms PEAK Matrix Assessment 2023.
FinThrive was recognized as a Leader for the significant impact it has made within the revenue cycle management platforms market, as well as for its strong vision and differentiated ability to meet the growing demand for vendor consolidation with a comprehensive, end-to-end revenue cycle management platform.
The assessment examined 15 providers within the revenue cycle management industry. The evaluation classifies revenue cycle management providers as Leaders, Major Contenders and Aspirants.
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“It is an honor to be recognized by Everest Group as the highest Leader in Revenue Cycle Management Platforms PEAK Matrix,” said Hemant Goel, President and CEO of FinThrive. “Our position as the vision leader strengthens the commitment we made to provide the most comprehensive end-to-end solution to the market and gives clear market validation that we are on the right path. We are excited to continue our strategic investments in break-through technology, finding new ways to exceed our customers’ expectations and grant financial teams and stakeholders’ greater financial control to deliver better outcomes for patients, payers and providers.”
FinThrive has quickly grown to lead the Revenue Cycle Management Platforms category because of its focused commitment to make the business side of healthcare a frictionless experience for providers, payers and patients. FinThrive differentiates from traditional RCM vendors by offering advanced, intuitive software that automates complex revenue cycles so customers can focus their precious human resources on proactive revenue management. FinThrive’s End-to-End Revenue Management Platform delivers:
- Near-perfect clean claim rates
- A 360-degree view of financial performance
- Accurate patient estimates
- Increased net revenue
“Healthcare organizations are prioritizing RCM as COVID has impacted hospital revenues and are looking for more end-to-end solutions. Artificial intelligence, machine learning, and robotic process automation are tackling some of the largest pain points in RCM, from patient registration and claims denials to the final payment of outstanding balance, resulting in improved revenue capture and integrity,” said Priya Sahni, Practice Director at Everest Group. “FinThrive’s deep domain expertise, strategic partnerships, and investments in enhancing its RCM product capabilities have enabled its positioning as a Leader in Everest Group’s Revenue Cycle Management Platform PEAK Matrix Assessment 2023.”
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