New! Franklin:PI
Pricing & Payment Intelligence
A New Era of Pricing and Payment Transparency
Fact: Health Plans take advantage of information asymmetries to extract profit from Providers.
Eliminate this powerful information disadvantage and improve your bottom line.
- CMS’s Pricing transparency rules changes the equation for providers.
- We’ve pulled 4 Petabytes of “TIC” files and applied 50,000 compute hours to distill payer rates and built a user-friendly application giving you access to every major plan in every market.
- Others dump a terabyte of data at you for small market scopes and say good luck.
Fact: Payers have been prevented from knowing competitor rates.
- CMS’s Pricing transparency rules changes the equation for Payers as well.
- Price Transparency makes knowing competitor rates an imperative to their success.
For Providers:
Previously hidden and significant variations in rates prevail across markets, providers and services.
- Level up Negotiations with information parity of your established plan rates versus every Competitor— local, regional or national in any market.
- Help Revenue Cycle resources drive bottom line improvement; preserve fair rates & improve underperforming rates with transparency.
- Augment newfound rate transparency with safety & outcomes metrics, financial, cost of care, margin—for all competitors—to achieve the rates you deserve.
- Enhance M&A activity, new development, service line optimization, and affiliations to gain strategic advantage.
- Amplify Network Development efforts—identify high/low-margin and cost providers.
- Provide Boards with accurate assessments of payer risks and opportunities.
- Communicate with constituents about value for money.
Knowing everyone’s prices, costs, margins and payment rates offers more of what you need to know to prosper in your market.
For Payers:
Previous Antitrust regulations prevented understanding competitor pricing strategies.
- Rationalize pricing with information parity of your established plan rates versus every Competitor– local, regional or national in any market.
- Prevent overpaying by preserving fair rates & improving excessive rates with transparency.
- Reward value in negotiations with Providers with safety & outcomes metrics, financial, cost of care, and margin.