It’s here. The feds, states, and even some insurers (the Big Three) are piling on. Consumers can’t make sense of hospital pricing they claim.
You know achieving true pricing transparency is difficult because of third party involvement in health care.
The charge master is complicated in part because of this unique construct. Let’s face it – no one outside of our industry understands the charge master.
Is there a way to tackle pricing transparency head-on?
Yes. It still starts with the charge master because insurer contracts are tied to it and thousands of charges flow from it.
We harnessed the power of statistics and big data to create the PinPoint algorithm.
PinPoint will enable you to reduce contractual allowances strategically without forfeiting net revenue.
This will bring charges into closer alignment with costs, making the charge master more efficient, effective, and rational.
Tightening the charge master is not just a worthy goal – it can be your reality and the first step to greater pricing transparency with defensibility.
We know you still need to grow revenues in the most profitable service lines and compete in the marketplace. We get it. You can do both with PinPoint.
A Blue Sheet Analysis reflects applying our PinPoint algorithm to your historical charge data. This measures PinPoint’s projected impact on the following data sets:
• The reduction of contractual allowances
• The statistical deviation of new versus current charges
• The variation between PinPoint charges and competitor hospital charges
• Contract payments by service line
• Hospital net dollar value
Are you trying to position the hospital for new growth in select service lines?
PinPoint predictive analytics will enable you to reconcile service line variables with demographics and market conditions to position the hospital for optimum growth and profitability, year-after-year.
This capability is a powerful tool at budget time, although clients say PinPoint is a must-have tool for any season.
It only takes us a few days to generate a Blue Sheet Analysis using your data and our PinPoint algorithm. And, it’s worth repeating that ours is a straightforward process, not a project.
Yes, you can have it all, including greater pricing transparency, in detail, by the numbers, right down to a projected net dollar value.
A Blue Sheet Analysis will deliver actionable intelligence built with power and strength you can trust.