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MPNAVIGATOR SOFTWARE: DEFINE YOUR MARKET POSITION & MAKE INFORMED PRICING DECISIONS
Many hospitals create pricing strategies without knowledge of their market position. Raising or lowering prices without understanding the rates of competitors can result in lost opportunities or a poor public image. MedCom’s MPNavigator Software is your solution.
What it is
Market percentile data is derived from the most recently available Medicare reported price information, by facility. This data is analyzed for outliers and used for calculation of pricing percentiles, which enables measurement of current and future market position. MPNavigator Software is available for inpatient and outpatient hospital services, classified by:
Upon selection of the facilities to include within the market benchmark listing, a variety of pricing percentiles may be chosen for position analysis. Options for Market Benchmark Selection include facility listing by:
- CMS Certification Number
- GeoZip Code
Why use it?
Adding market benchmark data to a pricing review enables informed decision making regarding pricing methodology. With our MPNavigator Software, your facility can:
- Bolster annual pricing assessments with data from a custom listing of selected facilities.
- Create a competitive pricing strategy that includes analysis of peers and understanding of the local landscape.
- Navigate the healthcare marketplace with confidence.