Make compliance easier and avoid common mistakes with the right solution
How far along is your hospital in complying with price transparency?
For most hospitals, compliance is a challenge. It requires everything from collecting and scrubbing huge amounts of data to publicly disclosing your services and costs in searchable, consumer-friendly formats.
Healthcare price transparency companies can help make meeting the mandate much easier.
Why Wipfli? With over 40 years of experience serving the healthcare industry, we’ve not only developed a technology solution specifically for price transparency. We’ve also gone a step further to empower hospitals to use the mandate as an opportunity to achieve additional cost savings and efficiencies.
Create your all services and shoppable services files
Price transparency compliance is only one right team away. From scrubbing your data to determining median charges, Wipfli helps you create a machine-readable all services file with current chargemaster by item, as well as select 300 shoppable services to provide in a consumer-friendly format.
We also help you avoid common mistakes by ensuring you have:
- Correct file types
- Up-to-date information
- User-friendly navigation
- Segregated bundled payments from charged line item payments
- Better visibility into procedure pricing and payor contracting
Gain cost savings and efficiencies
Hospital price transparency is more than an exercise in compiling and publishing data. It’s an opportunity to re-evaluate your pricing methodologies and identify potential gaps in your data or payor contracts. Wipfli has deep experience assisting hospitals through this process and delivering significant results.
Featured Thought Leader
Kathy Borisch works with critical access hospitals, delivering financial forecasting, analysis, and modeling in small and rural hospital settings. She assists health care facilities in developing financial projections, implementing strategic pricing initiatives, reviewing current operational benchmarks related to revenue cycle and operations, and designing physician compensation models. Kathy also helps facilities to assess their compliance with the 340B Drug Pricing Program.
Nicholas E. Smith
Nicholas Smith has over a decade of proven leadership experience with Wipfli's national health care consulting practice. In this role, he has the opportunity to serve a broad array of health care organizations including health systems, integrated delivery systems, county and district hospitals, critical access hospitals, physician specialty groups, behavioral health centers, and health care networks. Nicholas leads consulting engagements with energy, enthusiasm, and an analytical problem-solving approach to effectively respond to the facility, operational, and strategic challenges facing his clients.