Some of our innovations include:
Strategically establishing prices based on the net revenue sensitivity of the item. - Setting prices strategically, along with our proprietary methodologies, will result in the generation of the maximum amount of net revenues per dollar of gross revenue.
Development of time charges from claims data. - Our ability to develop time charges enables us to compare your operating room and recovery room time charges to the time charges of other hospitals.
Use of multiple statistical techniques to identify and remove outliers from the benchmark data. - Use of these statistical techniques results in more accurate benchmark prices. More accurate benchmark prices provide better assurance that the client’s prices will be set to the desired price point in the market.
Calculation of the cost of procedures. - Use of our proprietary methodology enables us to relate prices to costs for hospitals that do not have TSI or similar products for determining the costs of procedures.
Determination of the impact of pricing changes on cost-to-charge ratios and outlier payments. - We developed methodologies and supporting automated tools which calculate the impact of pricing changes on cost-to-charge ratios and outlier payments.
