StrataJazz Strategic Pricing empowers healthcare leaders to meet price transparency mandates with pricing levels that are both strategic and defensible. Offset topline pressure with informed pricing decisions that leverage purpose-built algorithms and robust comparative market data. Use actual contracted payor terms to accurately model reimbursement impacts by payor.
Features and Functionality
Evaluate and set strategic pricing at the charge code level by case type, service line, or entity
Set defensible pricing based on the underlying costs to provide services, not just prior-year pricing
Track the financial impacts of pricing changes at the health system, entity, service line, or payor levels
Compare actual cost to price at the charge code level to benchmarks and the broader market
Project the impacts of proposed pricing changes on collections, contracts, volumes, and margins
Partner with trusted experts
Strata’s Advisory Services team partners with organizations looking to understand and improve the relationship between their tools, data, people, and processes.
-
Assess current state
-
Design software-enabled processes
-
Optimize process improvement workflows
How One Regional Health System Leveraged Data to Grow It's Services, Enhance Patient Care
GRMC leaders have access to Strata’s Market Share & Trending tool, which provides state data that show where patients are accessing various services, including those who are seeking treatment in neighboring markets. In addition, the 153-bed medical center leverages Strata’s Market Opportunity Analysis and proprietary 837 All-Payor Claims Data to further identify and quantify trends in the rapidly growing central Texas market.
Customer Story
Healthcare Performance Trends
The Strata Performance Trends report combines financial, operational, and claims data from hospitals, health systems, and other healthcare organizations across the country. Key findings...
Report
How Healthcare Revenue Analytics Can Drive Effective Payor Contracting
By leveraging robust healthcare revenue analytics and advanced technologies, hospitals and health systems can gain the insights they need to negotiate stronger healthcare payor contracts, ensure payment compliance, and improve financial performance.
Blog