As the healthcare industry transitions to more complex reimbursement models, maximizing net patient revenue has become a greater challenge for hospitals and health systems. Many organizations are tapping into the power of contract modeling and analytics tools to help them to better predict and manage reimbursement and leverage a data-driven approach for improved payer negotiations.
Using Kaufman Hall’s Contract Management solution, Sturdy Memorial Hospital was able to evaluate the potential impact of proposed contract changes by its main commercial payer and negotiate more agreeable rates.
Download this case study to read more about how Sturdy Memorial:
- Used data and analytics to avoid a significant potential loss
- Quickly identified and corrected a payment compliance issue that would have amounted to more than $50,000 in lost revenue