Enhancing managed care negotiation tactics using price transparency data is expected to improve over time, particularly as the Centers for Medicare & Medicaid Services (CMS) provides greater standardization guidance and strengthens its commitment to enforcing compliance measures. With this in mind, it’s important for hospitals to continue standardizing and streamlining their reporting obligations as well as gaining a deeper comprehension of their service line data and analytics to identify and monitor their high and low-performing services. By obtaining this deeper understanding, hospital leaders can take a more strategic approach towards price transparency and engage in negotiations with their contracted payers more effectively.
Join Baker Tilly for an informative webinar where our team will discuss how to strategically leverage published price transparency information, enabling participants to gain a better understanding of their contracted rates relative to industry benchmarks and other hospitals. We will also discuss how hospital leaders can better understand their service line analytics on high and low-performance service lines, in conjunction with inflationary data, to better understand service lines that could be enhanced for more profitable business and areas that man need consideration for being divested. Lastly, we will wrap up with a use case from a multi-site health system focusing on how their organization used price transparency data to negotiate fair market rates with their contracted health plans.
There are no prerequisites for this webinar, and advance preparation is not required. There is no cost to attend this webinar.
CPE credit: One (1) hour total credit
Field of study: Management Advisory Services
Host: Stephanie Parker
A certificate of completion will be emailed to you four to six weeks after the event.
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