Enhance Profitability and Market Position through Strategic CDM Pricing
Elevate your organization's market position, boost margins, and increase revenue through an in-depth analysis of benchmark data, payer mix, and strategic pricing. We assess your pricing strategy, suggest targeted adjustments to optimize reimbursement, and align with local competitors. Our services reveal the impact of pricing changes on net revenue, identify new revenue sources, and minimize patient out-of-pocket costs.
Service-lines Impacted: Inpatient and Outpatient Facility
Fee-Structure: Claim-based (always tied to performance)
With the healthcare landscape shifting towards a more consumer-centric model, marked by increasing consumerism, transparency, high-deductible insurance plans, government initiatives, and the shift from volume to value, healthcare providers are finding it increasingly important to craft pricing strategies that enhance their market competitiveness and address specific target cases.
Nevertheless, at least half of all hospitals fail to maximize their revenue potential by not setting the appropriate charges.
Average Client Impact:
Hospitals must use scenario modeling to pinpoint areas for charge reduction without harming their finances. Our data-driven modeling begins with assessing your hospital's charges and revenue goals.
Then, we collaborate with hospital management to establish price adjustment objectives, including competitive pricing benchmarks for inpatient and outpatient services, and financial targets for budgets. This approach ensures strong returns and resolves patient transparency concerns.
Varies considerably based on strategic goals
Competitive Market Advantage
Surpass your local competitors and enhance your market presence and brand worth.
Preparedness for Consumerism
Initiate genuine conversations on healthcare costs to gain patient trust and grow your market presence.
Consider payor-specific confidentiality issues and prioritize high transparency areas for off-cycle price adjustments.
We Strive to be an extension of your team.
Ask most of our clients, and they will tell you, TMD is such a joy to work with that “they are an extension of our team.”