1 / 8

PinPoint Pricing: Maximize Your Revenue Strategy

PinPoint Pricing offers strategic pricing solutions to maximize net revenue by optimizing charge rates. It allows for competitive pricing, reduces contractual shortfalls, and ensures consistency in charge description master. PinPoint Pricing uses your approved rate increase to determine optimal price changes by department for revenue maximization. It streamlines mid-year price adjustments and enhances financial efficiency without additional software installation. Benefit from detailed monthly reports for performance evaluation.

ursula-melton
Download Presentation

PinPoint Pricing: Maximize Your Revenue Strategy

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. PinPoint Pricing

  2. Looking for ways to maximize your net revenue through the charge master? PinPoint Pricing is the solution!

  3. Why is strategic pricing important? • Maximizes net revenue with the minimum rate increase. • Allows for “right-sizing” of prices vs. the competition. • Reduces contractual shortfall. • Provides CDM consistency and reliability. • Enables budgeted revenues to be more attainable.

  4. Uses your board-approved rate increase to determine the optimal price changes by department that maximize your net revenue. • Enables mid-year price changes that are gross revenue-neutral and still generate new net revenue dollars. • Reduces the rate of increase necessary to achieve required financial targets through more efficient pricing. What does PinPoint do?

  5. How does PinPoint work? Q4400 Financial executes a Business Associates Agreement. The hospital submits patient charge data at either the department or the service code level, with utilization and an overall rate change. The PinPoint program calculates the individual charge modifiers and returns a summarized report of the net revenue opportunities, all within 48 hours.

  6. PinPoint Pricing: • Requires no software installation. • Does not rely on an interface with a business intelligence module. • Uses data collected thru a standard file transfer protocol. • Generates detailed monthly reports using various performance measurements.

  7. Let us prove how confident we are.

  8. Been marketing pricing strategies to hospitals since 1990. Developed programs that have been endorsed by numerous hospital associations. Had their strategies successfully implemented in more than 100 hospitals in the past 20 years. Principals have:

More Related