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Are Your Charges Too High? A Case Study
As hospital billing practices come under increasing scrutiny due to both the release of CMS data and the rising out of pocket cots for patients, it is important to know where you stand. Recently a hospital CEO called me and noted that although they had just completed a comprehensive overhaul of their Charge Master, patients were complaining that their wound care charges were considerably higher than their competitors. "Was this true?," he wanted to know.
Because PDS collects detailed claims data, we have more than just payments. We have LOS, diagnoses, procedures, charges, and more. There is no possible way we could provide standard reports that answer every question a hospital could answer with our data, so we also offer custom reporting.
With the help of a PDS custom report, this CEO confirmed his hypothesis that the patients were right. While fees for services in other departments were in line with regional averages, the wound care charges for the high volume services at this facility were roughly double what nearby hospitals were charging. The charges in this one department needed to be lowered.
To learn more about what else you can benchmark with PDS data or to request a custom report, please give me a call at 213.283.8003 or email me. Leslie Gold.
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PDS Welcomes Methodist Hospital
PDS would like to welcome Methodist Hospital of Southern California as the newest member of the growing PDS family of hospitals. Methodist Hospital, founded in 1903, is a 596-bed, not-for-profit hospital serving the central San Gabriel Valley.
If you would like to learn how your hospital can join the many hospitals who are taking advantage of the valuable market data in PDS, please contact Leslie Gold
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3 Steps to Making Good Decisions Faster
Are "slow and precise" deliberations a thing of the past? Will "fast and roughly right" decisions be the wave of the future? And if this is so, how can you tell between "roughly right" and "not right at all" decisions? Nick Tasler outlines a simple 3 step process to help leaders think quickly on their feet in this article in the Harvard Business Review. His Know-Think-Do framework gives leaders a tool to move quickly in their decision process, but also have the checks in place to prevent bad decisions. In our rapidly changing market, the "slow and precise" process is often outdated before it is even completed. The "fast and roughly right" process can help keep you moving forward and on pace with the market.
In continued partnership,
 Jim Barber
Chairman & CEO, PDS
President & CEO, HASC
"When your values are clear to you, making decisions becomes easier." -- Roy E. Disney
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5 Steps to Becoming a Surgical Destination Setting 
According to Jessica Nantz in Becker's Hospital Review, patients are now traveling farther than ever in search of low-cost, high-quality surgical care. Hospitals are no longer just competing locally, but across their state, the country and the world. Click here to read the article. To find out how PDS can you help you understand your market and prepare to compete in it, contact us today. |
PDS University -
Your Turn  Do you have a specific problem you are working to solve? Do you have questions on your market or how to prepare for an upcoming negotiation? Let's talk! Click here to schedule one-on-one time for whatever your individual needs may be. Summer is one-on-one webinar time, so be sure to take advance of this free consulting service for PDS customers!
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