Thrivory provides non-recourse financing solutions for independent healthcare practices, enabling them to receive immediate cash flow from submitted claims without the risk of unpaid reimbursements. By eliminating payer payment delays, Thrivory allows practices to focus on patient care and operational growth while maintaining financial independence.
Funding
Funding not disclosed
Founders
Product
Problem
Independent healthcare practices often face cash flow challenges due to delayed and unpredictable insurance reimbursements, hindering their ability to invest in growth and focus on patient care. Traditional financing options may require practices to take on debt or relinquish equity, impacting their financial independence.
Solution
Thrivory provides non-recourse funding solutions that enable independent healthcare practices to receive immediate cash flow on submitted claims without incurring debt or impacting their credit score. By assuming the risk of payer reimbursement, Thrivory eliminates payment delays and provides practices with up to 80% of the claim value upfront. This allows practices to maintain financial independence, invest in operations, and focus on delivering quality patient care. Thrivory's AI-powered insights also help practices optimize their revenue cycle management.
Target Audience
Thrivory primarily serves independent medical practices seeking to improve cash flow and maintain financial independence without incurring debt or equity dilution.
Features
- Non-recourse funding: Thrivory assumes 100% of the risk of payer reimbursement.
- Swift access to capital: Funding is typically available within 3-5 days of application.
- No impact on credit score: Thrivory's solution does not require personal guarantees or affect credit ratings.
- Flexible payer selection: Practices can choose which payers to fund through Thrivory.
- HIPAA-compliant portal: Secure portal with end-to-end 256-bit encryption to protect sensitive data.
- Claims pre-checks: Analysis to predict the likelihood of reimbursement.