AppRev

Pricing Analytics (PA)

Using our health care industry knowledge and experience we assist our Clients in identifying and documenting their business objectives, strategies and goals germane to creating rational and transparent prices. We assist in crafting business rules that can be translated into mathematical algorithms that accurately describe the relevant facts pertaining to a hospital’s marketing, financial and internal pricing priorities. Our proprietary algorithms are based on constrained optimization techniques. These techniques allow us tremendous flexibility - essentially any Client’s requirements which can be stated in specific, objective, quantifiable terms can be modeled to produce the best pricing strategy for your specific requirements.

Our solutions include and are not limited to the following:

• A business rule for every price
• Gross and net revenue impact calculations for each business rule
• Market position and change for each pricing scenario
• Concise detailed data and recommended prices for review and approval
• Department, Service line, and Payer impact
• Custom views as required by the Client

Leveraging the power of advanced mathematical techniques, our Service Supported Software^TM develops prices that satisfy each business rule, while achieving your specific financial objectives. We provide you with ultimate flexibility and accuracy when it comes to the development, implementation and management of hospital pricing strategies. Our approach optimizes net revenue, minimizes contractual write-offs and reduces overall charge increases. These results can be achieved by you, regardless of whether you have done annual across-the-board prices increases or used other sophisticated approaches in the past.