Vendor Selection and Contract Optimization
Selecting the right therapy vendor and negotiating favorable contract terms is critical to resident satisfaction, clinical reputation and strong financial outcomes. Selecting the right contract therapy company does not mean using the largest company, or the one with lowest contract pricing, but rather weighing a variety of factors and how they fit with your organization. This has become more important with the introduction of PDPM.
Axis Healthcare professionals bring unique insights from experience operating a contract therapy company to develop a process for evaluating the best options for your organization. This process involves evaluating a variety of factors including payer mix, historical census and the clinical needs of residents. From there they develop a process for evaluating therapy providers including guidance on negotiating the most favorable contract terms. The goal is to find a company that is the right fit for your organization while also generating significant savings in monthly therapy costs.
Discovery
- Current contract terms and pricing
- Therapy billing data
- Staff Interview
- MDS data
A review of the current therapy program including critical clinical and financial data along with a staff feedback.
Analysis of objective and subjective data to identify necessary clinical programs, the impact of various payer models and opportunities for revenue growth and expense reduction.
Insights
- Analyze terms and outcomes
- Per minute costs
- Group/concurrent therapy
- Staffing model costs
Action
- Contract terms
- Pricing (PDPM) Methodology
- Risk management
- Business Intelligence