Is Your Practice Profitable?

Managing an alternative healthcare clinic is tough. Making it profitable is even tougher.

Changing market conditions, onerous insurance requirements, staffing challenges and increased competition regularly conspire against the practice owner and distract from patient care. The perfectly-balanced practice, one in which profits, patients and practitioners happily coexist, is elusive at best. But it can be achieved.

That’s where we come in.

Thrive Profitable Practices provides strategic, operational and financial tools for alternative healthcare organizations. By combining your strengths with our proprietary methodologies and deep understanding of clinic dynamics, we can help you grow and sustain a successful patient-centric practice. Thrive’s Profitable Practice System uses practical, applied knowledge to identify specific, actionable opportunities to maximize your income.

You won’t find another company quite like Thrive – we’re not coaches or salesmen. We don’t sell software, generic training materials and unreliable marketing concepts most practices don’t need. We don’t rely on hype, hope or luck. Why should you have to take all the risk? We offer a symbiotic economic model – if you don’t make money, neither do we. We base our service fees solely on your success, so our interests are mutually-aligned.

Thrive only partners with select high-growth and high-potential alternative-healthcare facilities. So if you are ready to revolutionize your practice, contact us to schedule a Profitable Practice Evaluation.

Billing Management

For your practice to achieve its full potential, your revenue cycle needs to be consistent. It shouldn’t be delegated to patient-facing front desk staff, nor should it be done by practitioners in their spare time. Claims submission costs money and time. Errors cost even more. Lost collections typically exceed 10% of practice revenue. That’s why you need a fully-integrated expert on your team.

Our job is to make sure you get paid exactly what you should, which requires relentless attention to detail and thorough understanding of compliance regulations. That means doing things most practices simply don’t have the time to do, such as:

• Appeals and exception processing

• Aging unpaid claim recovery

• Workers Compensation authorizations

• PI claim payment negotiations

• Diagnostic review

• Demographic entry

• Charge entry and payment posting

• Payer reimbursement /denial pattern tracking

• Provider credentialing

• Point of contact for patient questions

Thrive makes revenue recovery effortless for you. We can integrate into your operations quickly and seamlessly, using your existing software or ours. If you want faster payment, fewer rejections and vastly improved cash flow, Billing Management from Thrive is the answer.

Practice Optimization

Alternative healthcare practitioners are devoted to the mastery of clinical skills. But managing a profitable practice requires advanced knowledge of increasingly-complex non-clinical matters, many of which change often and have significant financial implications. Competition is making it harder to grow. Payers are making it harder to survive. Time is increasingly scarce. Fortunately, you don’t have to do it alone, since we specialize in:

Incremental revenue opportunities
o   Portfolio of products and services
o   Associates and multiple clinics
o   Patient acquisition

Administration
o   Workflow reengineering, including patient flow and front desk operations
o   Cost-saving initiatives including overhead and debt reduction
o   Human Resource management

Risk Monitoring and Mitigation
o   Claim delays and denials
o   Audits and chargebacks
o   Regulatory compliance

Business Strategy
o   SWOT assessments
o   Advisory board services
o   Market research
o   Site selection and design

No matter where you are in the evolution of your practice, Thrive has the tools to help you succeed.

About us

Why Thrive?

The Thrive team includes a DC and successful business owners with over 20 years experience building and sustaining high-performing alternative healthcare practices. We are passionate about helping our clients achieve their full potential, and our success as a company depends on it.

We are not a traditional billing service. “Prompt, accurate electronic claim submission” isn’t a selling point or a differentiator; it’s a billing fundamental. Many billing services only submit the easy claims and ignore the tough ones. Some even restrict access to data so their clients remain “tied” to their service. We haven't found any that offer our comprehensive suite of Practice Optimization tools. Plus, we only work with one client per local service area. Conflicts of interest aren't good for anyone.

We are not coaches. Redundant conference calls and one-size-fits-all marketing plans may work some of the time, but they rely heavily on hope and luck – neither of which are effective ways to grow a practice. Plus, very few coaches offer our Billing Management services. We’re also wary of any company that requires up-front payment. Business risk shouldn't be one-sided.