Does the thought of implementing and maintaining a full-scale cost accounting system seem unavoidable yet unfeasible? Here is some good news: Panacea can quickly and effectively develop a robust costing methodology to drive a defensible pricing discipline.
Our industry experts begin by creating estimated unit costs utilizing a practical, low cost, state-of-the-art system and approach. If you already have estimated or actual unit costs available, we can also start with those. We then mark-up unit costs for overhead, uncompensated care, profit margins and more.
We develop a preliminary gross and net revenue model based on current payer contract terms, and we then create alternative pricing scenarios taking into account estimated unit costs, fee schedule amounts, APC rates, market prices and net revenue objectives.
The result: a costing methodology that is integrated into your chargemaster in less time, for less cost and less effort than you thought possible.
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