Market Problem
Too often, when entering negotiations with payers, providers are not equipped with the right data-based insights to make an effective case for increasing reimbursement rates. Without market-specific data to support their position, providers must often accept the reimbursement rates offered by the health plan.
Providers need:
- Market-specific data to support their position
- A better understanding of revenue opportunities
- Insight into how they compare to the market
Stratasan's Solution
Stratasan helps solve this issue for providers with Market Reimbursement Analyzer and the activation of our data, transparent market insights, and market data visualization.
Data You Can Trust
Never worry about “black-box” methods, undefined formulas, or confusing algorithms again. Quantifiable confidence scoring metrics ensure integrity without complex data modeling. Quarterly updates mean more frequent access to the most recent data.
Transparent Market Insights
Providers can access market-specific data to see how allowable rates have changed over time; creating an opportunity to analyze reimbursement rates by payer, provider or product line and measure meaningful market shifts.
Market-Specific Data Visualization
Perhaps for the first time, providers will see how they’re performing against prevailing market reimbursement rates. With the ability to drill down to the HCPCS level, these visualizations illustrate a direct comparison between you and the market
Expected Benefits & Results
With Market Reimbursement Analyzer, providers can expect to:
- See how their reimbursements compare to the market; gaining insight into their financial opportunity.
- Collect the right market data to better understand the smart market value for the services they provide.
- Go into payer negotiations with confidence; ensuring they’ll get paid what they’re worth.
