Better Prices



MORE NET REVENUES



RESULTS



We generated $2,388,733 on average for this sample of our clients with a 50% reduction in the amount of high prices.





Case Study





Client:



$6 Billion Healthcare System



Objectives:



Develop prices that are more competitive in the local market.

Equalize prices for the same services across the system.

Increase net revenues.



Scope:



All items with a CPT/HCPCS code

Room and board rates

Items charged on the basis of time (OR charges, recovery room charges, etc.)

Cost-based items (i.e. pharmacy, pharmaceuticals, supplies and implants)



Results:



Decreased the number of prices that were the highest in the local market.

Prices for the same services were equalized across the system.

Appropriately leveled/stepped CPT/HCPCS codes.

Net revenues increased by over $13 million in the first year.

Incremental net revenues increased by $9 million in the second year.

Incremental net revenues increased by $9 million in the third year.



P.O. Box 94 Perrineville, NJ 08535

PHONE: (732) 409-0962

info@sophicalsolutions.com