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PinPoint Pricing. Looking for ways to maximize your net revenue through the charge master?. PinPoint Pricing is the solution!. Why is strategic pricing important?. Maximizes net revenue with the minimum rate increase. Allows for “right-sizing” of prices vs. the competition.
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Looking for ways to maximize your net revenue through the charge master? PinPoint Pricing is the solution!
Why is strategic pricing important? • Maximizes net revenue with the minimum rate increase. • Allows for “right-sizing” of prices vs. the competition. • Reduces contractual shortfall. • Provides CDM consistency and reliability. • Enables budgeted revenues to be more attainable.
Uses your board-approved rate increase to determine the optimal price changes by department that maximize your net revenue. • Enables mid-year price changes that are gross revenue-neutral and still generate new net revenue dollars. • Reduces the rate of increase necessary to achieve required financial targets through more efficient pricing. What does PinPoint do?
How does PinPoint work? Q4400 Financial executes a Business Associates Agreement. The hospital submits patient charge data at either the department or the service code level, with utilization and an overall rate change. The PinPoint program calculates the individual charge modifiers and returns a summarized report of the net revenue opportunities, all within 48 hours.
PinPoint Pricing: • Requires no software installation. • Does not rely on an interface with a business intelligence module. • Uses data collected thru a standard file transfer protocol. • Generates detailed monthly reports using various performance measurements.
Been marketing pricing strategies to hospitals since 1990. Developed programs that have been endorsed by numerous hospital associations. Had their strategies successfully implemented in more than 100 hospitals in the past 20 years. Principals have: