Cost reduction has been cited in several recent surveys as being the highest priority amongst U.S. Healthcare systems. That’s no surprise, given the rapid emergence of fee-for-value payment models. These models require strategic service line management as providers seek to align their operational focus with their financial goals.
Negotiating Your Payor Contracts with StrataJazz
Like Mission Health, many hospitals and health systems across the country are impacted by diminishing reimbursement rates on an annual basis. Meanwhile operating expenses, such as pharmaceuticals and supplies, continue to rise. For several years, Mission Health has launched numerous cost savings initiatives that cut costs and sustain margins without compromising quality and safety of their patients. Monitoring and reporting the results can be time consuming. All the while other projects loom, including contract renewals. Mission needed an effective and efficient solution for modeling changes in reimbursement. Their use of Strata Contract Analytics continues to meet their needs for efficient contract modeling during managed care negotiations as well as proposed reimbursement changes by other payors.
- Explain the changing landscape of hospital reimbursement
- Learn how to leverage your existing Decision Support data to model reimbursement terms proposed by payors
- Understand the functionality of Contract Analytics, including how to test results for accuracy