Our Blog
30
Apr
Big Data
We drill-down to change in revenue drivers, billing, and reimbursement so you can address any area that needs improvement while pursuing new opportunities to grow net dollars. Our budget-modeling tool streamlines the top-line portion of a new budget by modeling different statistical combinations of revenue drivers, acuity, utilization, patient mix, and payer share. We start […]
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29
Apr
More Big Picture Change
More big-picture change is on the way. Market disruption, innovation, and change itself are now the norm in our industry. You need data-based strategies, tools, and solutions to take advantage of change that ensures fiscal sustainability. We are data-driven in everything we do. It starts with reducing charges and inflated contractual allowances strategically to deliver […]
Read More
2
Mar
A Reboot Strategy
The adage you are either moving forward or falling behind rings trues given the level of competition today and rate of change itself. The pandemic has triggered a need to conduct a strategic review for many providers. You likely resumed doing elective surgeries in June of 2020, but volumes may still be lagging just as […]
Read More
18
Feb
Pricing Transparency Shouts Opportunity
The feds’ mandate for pricing transparency shouts opportunity for those who seek market dominance, operational growth, and fiscal sustainability. Now is a perfect time to reconfigure the charge master to deliver greater pricing transparency and defensibility, and restore the important ratio of cost-to-charges that will make the charge master a true revenue-generator once again. We’ll […]
Read More
11
Dec
Robust Analytics and Predictive Analytics
CFO’s now play a key role in operational decisions and decision support. A good BI analytics platform accepts multiple daily feeds for IP census data, all financial data from the financial IT platform, and data from any stand-alone sub-systems that have not been integrated with the IT financial platform. A robust BI analytics system enables […]
Read More
30
Nov
Patient engagement and branding
Placing a patient-friendly price estimator on the hospital website Home page for shoppable services will provide a realistic estimate of out-of-pocket patient responsibilities while enhancing the effectiveness of your patient engagement strategy. What will emhance this? Ensure the hospital website is well-designed, easy-to-navigate, and has good information for patients from their perspective Create a digital […]
Read More
22
Oct
A recent conversation
Recently I talked with a CFO about his initiative to deliver greater pricing transparency for his hospital, a solo community hospital that faces new competition from a system that just acquired a cross-town rival. The CFO is on-schedule for the January 2021 federal mandated deadline with pricing for 300 shopable services. He’s competitive with the […]
Read More
28
Sep
Pricing strategies and the chargemaster
The new strategic pricing starts with a thorough analysis of charge and payer date to determine the unique statistical relationships that will help determine an effective pricing strategy for setting charges. We analyze fiscal year and historical charge and payer data to determine these unique payer relationships and measure change via trend analysis. In addition, […]
Read More
28
Sep
Pricing transparency and the chargemaster
Hospital pricing transparency is another offshoot of the consumer movement that has already revolutionized how Americans shop. The real differentiator between buying health care services and buying any other product has been the involvement of a third-party insurer that pays hospitals most of the cost of consumer health care services. The advent of skinny health […]
Read More
Big Data
We drill-down to change in revenue drivers, billing, and reimbursement so you can address any area that needs improvement while pursuing new opportunities to grow net dollars. Our budget-modeling tool streamlines the top-line portion of a new budget by modeling different statistical combinations of revenue drivers, acuity, utilization, patient mix, and payer share. We start […]
Read More
More Big Picture Change
More big-picture change is on the way. Market disruption, innovation, and change itself are now the norm in our industry. You need data-based strategies, tools, and solutions to take advantage of change that ensures fiscal sustainability. We are data-driven in everything we do. It starts with reducing charges and inflated contractual allowances strategically to deliver […]
Read More
A Reboot Strategy
The adage you are either moving forward or falling behind rings trues given the level of competition today and rate of change itself. The pandemic has triggered a need to conduct a strategic review for many providers. You likely resumed doing elective surgeries in June of 2020, but volumes may still be lagging just as […]
Read More
Pricing Transparency Shouts Opportunity
The feds’ mandate for pricing transparency shouts opportunity for those who seek market dominance, operational growth, and fiscal sustainability. Now is a perfect time to reconfigure the charge master to deliver greater pricing transparency and defensibility, and restore the important ratio of cost-to-charges that will make the charge master a true revenue-generator once again. We’ll […]
Read More
Robust Analytics and Predictive Analytics
CFO’s now play a key role in operational decisions and decision support. A good BI analytics platform accepts multiple daily feeds for IP census data, all financial data from the financial IT platform, and data from any stand-alone sub-systems that have not been integrated with the IT financial platform. A robust BI analytics system enables […]
Read More
Patient engagement and branding
Placing a patient-friendly price estimator on the hospital website Home page for shoppable services will provide a realistic estimate of out-of-pocket patient responsibilities while enhancing the effectiveness of your patient engagement strategy. What will emhance this? Ensure the hospital website is well-designed, easy-to-navigate, and has good information for patients from their perspective Create a digital […]
Read More
A recent conversation
Recently I talked with a CFO about his initiative to deliver greater pricing transparency for his hospital, a solo community hospital that faces new competition from a system that just acquired a cross-town rival. The CFO is on-schedule for the January 2021 federal mandated deadline with pricing for 300 shopable services. He’s competitive with the […]
Read More
Pricing strategies and the chargemaster
The new strategic pricing starts with a thorough analysis of charge and payer date to determine the unique statistical relationships that will help determine an effective pricing strategy for setting charges. We analyze fiscal year and historical charge and payer data to determine these unique payer relationships and measure change via trend analysis. In addition, […]
Read More
Pricing transparency and the chargemaster
Hospital pricing transparency is another offshoot of the consumer movement that has already revolutionized how Americans shop. The real differentiator between buying health care services and buying any other product has been the involvement of a third-party insurer that pays hospitals most of the cost of consumer health care services. The advent of skinny health […]
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