Dear Colleagues,
Earier this week, Walmart announced it will close all 51 of its health clinics and shut its virtual health care operations. Here is the statement on its website:
The healthcare industry is grappling with a complex landscape. Providers are squeezed by increasing operational costs, and the reimbursement rates from payers often don’t cover these rising expenses. This situation leads many to question how they can continue to provide excellent care without succumbing to financial pressures.
This is where Hospital Pricing Specialists (HPS) steps in with a timely solution. HPS offers benchmarking reports that are crucial for hospitals seeking to navigate this turbulent environment. These reports are derived from over 4 petabytes of payer machine-readable files and provide detailed insights into hospital payment rates, helping hospitals pinpoint opportunities for negotiating more favorable payment rates.
In light of the challenges highlighted by Walmart’s recent decision, HPS is offering a free payer report to hospitals. This report can serve as a starting point for hospitals to assess their own contracted rates in comparison to the broader market.
Simply send me an email to claim your free report. Tell me the payer you want to analyze and provide up to 5 comparator hospitals that will be included in your report.
Best Regards,
Rick Louie, Managing Director