Data Analytics

SHP’s Decision Support staff assists clients with financial and data analysis solutions:

Fee Schedules — Is your rate offer competitive with others in the marketplace?  Could you negotiate higher rates with compelling data analysis and provide the payer with a rational counter offer?

Are you being paid correctly according to your contract? We can answer this for you without you having to dedicate any resources.  SHP will extract the data directly from your system or specify the data elements needed to perform an accurate analysis of your payer reimbursement and subsequent variance report in which to pursue underpayments.

Creating / Managing a budget, Proformas, Business Planning — Do you need a budget and help creating and deploying?  Are you thinking of adding a new service or purchasing a new CT Scan?  Are you looking to add a new physician and not sure of a competitive market rate based on Relative Value Units?  We can answer these for you!

Rural Healthcare Clinic set up / conversion — Is it financially advantageous for you to set up your practice as an RHC?  We will do the analysis for you to answer this question.

Market Share — Where do you stand, relative to the competition?  We can provide analysis of the volume in your market to determine your market share and potential opportunities.  Such analysis will pinpoint any gaps in the services you provide or areas for expansion.

Deliver… data analysis and reporting, dashboard reporting, paid claims analysis, physician referral reporting, claim denial analysis.  These are some of the actionable reporting items SHP will deliver.

SHP serves as the “right hand” to the hospital’s CFO. We are the first to call when improving the bottom line is needed. Our Decision Support analysts specialize in hospital and physician practice settings.  We customize our services to meet our clients’ specific business needs, on time and on budget.  Our experienced staff can provide the means for you to manage and lead your business in accordance with your overall strategic plan.

Call on us when you need a Business Partner, not just another consultant….

SHP…Healthcare Strategy for the Future