
The accelerated push by CMS for greater pricing transparency in our industry may have caused some of us to overlook immediate opportunities.
The advent of big data analytics validates the power of statistics. We’ve known this for years, having used an algorithm to help clients produce much more net revenue year-after-year.
Is there another significant use of PinPoint, our proven strategic pricing algorithm?
We know implementing a straight percentage rate adjustment to the charge master each new fiscal year inflates contractual allowances and increases the disparity between gross charges and actual pricing.
Is there a better way if you want to position your hospital more favorably versus competitor hospitals to grow market share?
Our PinPoint algorithm will enable you to right-size service line charges per DRG’s and APC’s to hit a specific target percentile of charges within your Medicare Region of hospitals.
We’ll create a detailed impact analysis of alternative ways to reduce gross charges to become more competitive with area hospitals without forfeiting net revenue overall.
Additionally, we may be able to accomplish this and drop-through more net revenue if that is a companion or secondary goal. PinPoint gives you the power and alternatives you need.
Industry experts know predictive analytics requires a sophisticated algorithm based on billions of data over several years, including data from all types of hospitals in different parts of our country.
Put the PinPoint algorithm to work for your hospital to see what an immediate difference it can make.
Strategic and right-sized positioning of charges is the first step to greater pricing transparency and a more rational charge master. We can help.
