In the U.S., one healthcare issue that dominates headlines, surveys and reports is the exorbitant cost of care. Many organizations haven’t successfully lowered costs because they don’t understand the true cost of care, which is critical to grasp in a value-based world. “What you don’t know, you can’t solve,” according to Tushar Pandey, vice president of decision support for Strata Decision Technology. However, only 10 percent of U.S. healthcare systems have adopted advanced cost accounting tools to address this knowledge gap, according to Mr. Pandey.
Whitepaper: Defensible, Strategic and Informed Pricing – Deliver on Transparency and Grow Your Margin
As CMS requirements shift and consumer interests grow, healthcare providers need new tactics for reducing risk and creating true strategic pricing.
Almost weekly, the news features healthcare pricing in a negative light. While these stories are often twisted into attention-grabbing headlines, healthcare leaders are still left to wonder if their pricing is as accessible, defensible and strategic as it could be.
To read more about the challenges facing healthcare organizations, including CMS requirements and heightened consumerism, download this Strategic Pricing Whitepaper.