Saturday, December 30, 2023

Xifin Offers Advanced Payor Analytics on Lab Pricing

Xifin, whose services include a large lab billing consultancy, offers an elaborate analytics system for payor contracting and pricing data.   Find it at:

https://www.xifin.com/resources/payor-rate-transparency-monitor/

The online web page provides a sampler; for data contracts and strategic services contact Xifin.

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For example, in the screen shot below, set to code 80048 (metabolic panel), United has 590 distinct rates, Aetna has 578.   United's weighted average is $8.39, Aetna's is $8.57.   

click to enlarge

For 88305, another sample available to try, a common biopsy surg path code, United has 3,718 distinct rates, Aetna 661.   United's weighted average is $95.38, Aetna's is $73.95.   

click to enlarge

The bubble charts show volume per price (Dollar-cent), for example, Aetna has concentrations at $58, $56, $61 and $65.

(Somewhat similar data was seen in 2017 CMS PAMA pricing data, including popular price bands and including very high and very low outliers). 

Hospitals & HHS

Federal laws require a level of hospital price transparency (at HHS here) but this doesn't display payor & independent lab adjudication.  

 

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See an article at Politico on whether AI can reduce payor administrative burdens.

https://www.politico.com/news/2023/12/31/ai-medical-expenses-00132557