TriCap Technology Group today announced its partnership with THA Solutions Group, a subsidiary of Tennessee Hospital Association. TriCap Technology Group owns and operates the Accounts Receivables Exchange (ARxChange), the nation’s premiere service provider for predictive financial performance analysis and the online disposition of medical receivables.
As highlighted in Forbes, Inside Patient Finance and HFMA, the ARxChange is a medical receivables market exchange that allows health systems to convert their outstanding receivables for fair-market cash value under guaranteed, safeguarded, and non-recourse payment terms.
“In today’s challenging healthcare economy, hospitals require advanced financial solutions that reduce bad debt and drive margin improvement. ARxChange provides exactly that to hospitals in Tennessee,” said Jim Goodloe, senior vice president of THA Solutions Group.
“Offering more precise receivables management and guaranteed performance options enhances and accelerates cash flow and moreover, reflects THA Solutions Group’s commitment to financial innovation, excellence and marketplace leadership,” said TriCap’s President, Jim Zadoorian, Ph.D.
About TriCap Technology Group, LLC
TriCap Technology Group, LLC is a high-growth financial technology company founded in late 2005 to transform the U.S. medical debt and receivables sector into a more fully articulated liquid market place. With roughly $14 billion in listings, TriCap’s ARxChange is the nation’s largest and most robust receivables marketplace in the US.
About THA Solutions Group
THA Solutions Group, a subsidiary of the Tennessee Hospital Association, is committed to delivering value to member hospitals by addressing areas of critical interest or concern. Its goals include opportunities for hospitals to increase revenue or decrease expenses by providing relevant, cost effective quality products and services.