Financial Advisory Services
Stay competitive, viable, profitable.
When you’re considering a new service line or price adjustment…
Here’s how QHR can help.
Make informed decisions.
QHR experts can support your decision-making process with specialized financial analysis. From rate modeling to set prices, to contribution margin analysis to plan growth, we help you become competitive and remain that way. Before making any important changes, let our healthcare financial experts validate your assumptions… to ensure you don’t commit to an unprofitable business venture that will not produce value to the organization.
Product Line Cost Study
This study creates a baseline cost accounting system/product line cost to help hospitals identify opportunities for cost reduction as well as the addition or elimination of services. Similar to a specific product line or complete hospital cost accounting study, this service also considers all payer net revenues to determine contribution margins and identify potential new service opportunities.
Strategic Pricing Today
We provide a comprehensive review of hospital prices to accurately price services based on procedural level costs and current market prices. QHR consultants review market prices to develop pricing points and parameters that allow for competitive pricing advantages, and to develop hospital internal pricing policies and processes.
Rate (Price) Sensitivity Studies (CAH and PPS Hospitals)
We use the QRates program for rate modeling to determine the net revenue impact of proposed hospital price increases and decreases. We recommend rate modeling during your annual budget process or when your hospital is considering hospital-wide price changes. Additional steps are required for Critical Access Hospitals to ensure that Medicare program payments are not reduced, as rate adjustments may have a negative impact on CAH Medicare/Medicaid reimbursements.
Make the right changes.
With thorough analysis, QHR helps you make smart financial decisions, with positive bottom line impact.
