Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages
Filter by Categories
2008
2009
2010
Announcements
Articles
Articles and Publications
Campaign
Case Studies
Charge Capture and Pricing
Coding Integrity
Company
Consulting
Craneware Insights Articles
Education
Home
Journey
News & Events
Opportunities
Other
post
Press Releases
Products
Services
Testimonial
Trade Shows
Uncategorized
Upcoming Events
Value Cycle
Webinars
White Papers

Located in Clinton, Missouri, Golden Valley Memorial Healthcare is a not-for-profit healthcare organization, which includes a 56-bed hospital and a nationally recognized home health service. In addition, the hospital operates four physician and outpatient clinics. The rural community is situated in the west central area of the state.

Challenge

A need for price transparency drove Golden Valley Memorial Healthcare to seek
a solution that would optimize pricing in a highly competitive environment.

Solution

Pricing Analyzer™, Chargemaster Toolkit®

 

Results

  • Increased net revenue by approximately $500,000 as a result of contractual
    adjustments on commercial insurance dropping nearly.
  • Identified Golden Valley’s optimal pricing structure by modeling ‘what if” scenarios by price, payor sensitivity, and volume to see the impact on net revenue.
  • Created a comprehensive pricing strategy and contributed to price transparency objectives, aligning pricing to be competitive.
  • Opened new lines of service and was able to set optimal prices from the outset.
  • Publicly published pricing for 50 common procedures.

“I’m able to see how volume, payor mix, and price sensitivity will affect the budget in different ways,
and I can tweak these things until I find the optimal pricing…I can easily find out what the net revenue impact is going to be. Pricing Analyzer really has been a good investment for our organization. It’s paid for itself many, many times over.”

Tammy Nadler, CFO

You might also like…