Frequently Asked Questions
Q: What does AppRev do?
A: We provide a variety of consulting services related to and around Charge Description Master files including:
- Pricing Analytics
- Charge Capture Analytics
- CDM Support
- Disproportionate Share
Q: What is different about your CDM Pricing Solution?
A: We have developed custom software utilizing advanced analytical techniques that calculate the optimum set of prices for your organization. These prices will not only support all your objectives and requirements but also provide the greatest benefit to your organizations bottom line.
Q: What is special about your methodology?
A: We have developed proprietary algorithms that are based on constrained optimization techniques. We can essentially take any quantifiable requirements (rules) and use them in our model to produce the optimal pricing strategy for you.
Q: How quickly can custom rules be developed?
A: In most cases, we can create completely custom rules in hours and sometimes in minutes. If our competitors even support our level of customization they typically would need weeks or months.
Q: Are there any limits to the number of rules we can define or any limits to data size?
A: We have no technical limits on either rules or data sizes. We have easily processed 25 million revenue and usage rows in under 2 hours. Competitors that are Excel based are limited to 1 million rows.
Q: Do you have a base set of rules?
A: Yes, in most cases the base rules are all you will ever need. Each base rule is completely configurable using data parameters. The parameters can significantly change the behavior of the rule providing a level of customization nearing that of custom rules.
Q: How does your service help with pricing transparency?
A: Our proprietary rules engine creates detailed explanations of every item priced. It not only allows you to understand why a price was set but we can also explain what the price would have been set to based on a prior rule.