Jove
Visualize
Contact Us
JoVE
x logofacebook logolinkedin logoyoutube logo
ABOUT JoVE
OverviewLeadershipBlogJoVE Help Center
AUTHORS
Publishing ProcessEditorial BoardScope & PoliciesPeer ReviewFAQSubmit
LIBRARIANS
TestimonialsSubscriptionsAccessResourcesLibrary Advisory BoardFAQ
RESEARCH
JoVE JournalMethods CollectionsJoVE Encyclopedia of ExperimentsArchive
EDUCATION
JoVE CoreJoVE BusinessJoVE Science EducationJoVE Lab ManualFaculty Resource CenterFaculty Site
Terms & Conditions of Use
Privacy Policy
Policies

Related Experiment Videos

Cost-based pricing and the underperforming physician group.

Craig D Pederson1

  • 1Health Care Futures LP, Edina, Minn, USA. c.pederson@healthcarefutures.com

Healthcare Financial Management : Journal of the Healthcare Financial Management Association
|October 26, 2005
PubMed
Summary

Implementing cost-based pricing can enhance revenue for healthcare organizations

Related Concept Videos

You might also read

Related Articles

Articles linked to this work by shared authors, journal, and citation graph.

Sort by
Same author

The call conundrum.

Healthcare financial management : journal of the Healthcare Financial Management Association·2015
Same author

Physician-hospital integration without hospital employment.

Healthcare financial management : journal of the Healthcare Financial Management Association·2010
Same author

Together ... yet separate. How your medical group can achieve integration with a hospital--without hospital employment.

MGMA connexion·2009
Same author

How does your practice grow? The rationale for expansion.

MGMA connexion·2009
Same author

Employed physician groups plugging the facilities cost drain.

Healthcare financial management : journal of the Healthcare Financial Management Association·2008
Same author

Digging out the dollars.

MGMA connexion·2008

Area of Science:

  • Healthcare finance
  • Health economics
  • Physician group management

Background:

  • Healthcare organizations face revenue challenges.
  • Employed physician groups are crucial for revenue generation.
  • Current pricing strategies may not optimize financial performance.

Purpose of the Study:

  • To evaluate the impact of cost-based pricing on physician group revenue.
  • To identify key information required for successful implementation of cost-based pricing.

Main Methods:

  • Analysis of cost-based pricing models in healthcare.
  • Review of financial performance data for physician groups.
  • Identification of essential supporting data for payers.

Main Results:

  • Cost-based pricing demonstrates potential for improving revenue performance.
  • Successful adoption requires transparent data sharing with payers.
  • Key data includes compensation, methodology, development, and benchmarks.

Conclusions:

  • Cost-based pricing is a viable strategy for enhancing physician group revenue.
  • Organizations must prepare comprehensive financial and operational data for payers.
  • Strategic financial planning is essential for healthcare organizations.

Related Experiment Videos