The new nThrive company debuted at the HFMA 2016 ANI in Las Vegas. (Photo: Henry Powderly)
LAS VEGAS -- MedAssets-Precyse on Monday renamed itself nThrive and announced a new revenue cycle platform that integrated with major electronic health record vendors in hopes of providing a single tool for managing healthcare reimbursement.
The news came a year after Pamplona Capital Management acquired the revenue cycle firm MedAssets for $2.7 billion and merged it with its own platform, Precyse.
The new entity, nThrive also merges the company's Equation brand, an analytics and consulting firm owned by MedAssets-Precyse.
According to the company, the new brand offers a single enterprise solution that include analytics, consulting, health information management and revenue cycle technology.
The company has partnered with EHR giant Epic, creating a add-on module that integrate with its patient access suite. The nThrive bolt-on gives administrators access to patient insurance eligibility and benefits info in a healthcare provider's patient accounting system.
"This is significant because users no longer have to access an external insurance verification application and re-enter patient and insurance information," said Jit Sivalogan, director of product management for Patient Access Solutions at nThrive, in the announcement. "By integrating with Epic, the required information is automatically sent to the Patient Access Suite when an eligibility request is initiated."
In addition to that, nThirve partnered with both Epic and Cerner to create a compatible system for claims reconciliation in hopes that it can prevent denials from happening.
The company's product also features a platform to improve reimbursement for providers participating in the Centers for Medicare and Medicaid Services' Comprehensive Care for Joint Replacement bundled-payment model. The tool, dubbed CJR-Live, uses predictive modeling to spot high-cost patients so a healthcare provider can intervene within the 90-day episode following the joint replacement.
"This new capability leverages claims data and positions providers to successfully take on risk-based contracts," said nThrive's Mah-Jabeen Soobader, senior vice president for episode of care. "For instance, if a patient is identified as a high-risk, high-cost patient, the provider now has actionable and timely information on hand to create an informed care plan ensuring the right care is provided, which is good for the patient and also ensures that appropriate services are provided."