In today's healthcare environment, pricing has taken on new importance.
Defensibility is the word of the day when it comes to hospital and physician price-setting. Ensuring that your patient charges will pass public scrutiny, while also working to keep your organization competitive and financially sound, is a delicate balancing act. For over twenty years, MedCom Solutions has been providing pricing services for the healthcare industry. Our Market Position Analytics report uses a series of key indicators to provide an evaluation of how your hospital compares to your direct competitors. This high-level assessment of your hospital's current pricing position can help you to make informed decisions about pricing strategy.
Our financial experts examine price data reported to Medicare.
To create an apples-to-apples comparison, our consultants use the most recently available Medicare reported price information for your organization as well as for your chosen competitive benchmark. Taking this price information, our consultants examine both the inpatient and outpatient pricing position and provide you with valuable but concise reporting on how your charging structure compares with that of your market.
Graphical reports clearly illustrate comparative price position.
Inpatient deliverables measure total charges at the DRG level, and reporting includes: charge distribution graphics showing the percentage charge variances for like services above or below a given benchmark facility; average charges for key DRGs; and average markups of charges to allowable amounts for key DRGs.
Outpatient deliverables assess individual prices at the procedure code level, and reporting includes: price distribution graphics showing the percentage price variances for like services above or below a given benchmark facility; average prices for key APCs; and average markups of charges to payment rates by procedure code category.
Increase knowledge of your market position for little investment of time and resources.
At MedCom Solutions, we know how many priorities are draining your staff's time. With our Market Position Analytics project, you need only provide your selected benchmark facilities, and we will do the rest.
|
