Many hospitals create pricing strategies without knowledge of their market position. By raising or lowering their prices without understanding their competitors’ rates, these hospitals can end up losing opportunities or creating a poor public image. So how do you define your market position and make more informed pricing decisions; with the help of MedCom Solutions’ pricing software.
MedCom’s MPNavigator® Software as a Service (SaaS) keeps track of market percentile data that is derived from the most recently available Medicare reported price information—by facility. This data is then analyzed for outliers and used to calculate pricing percentiles, which enables the measurement of future and current market positions. This is the perfect solution for both inpatient and outpatient hospital services, classified by:
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