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Description
By focusing on fewer high prices and adopting more competitive pricing strategies, we maximize the potential for generating additional net revenues. This is achieved by narrowing or eliminating the discrepancies between charges and negotiated rates for contracts that feature "lesser of" clauses. Furthermore, we bolster net revenues through the identification and recovery of underpayments. Each client benefits from our tailored models, as we avoid pigeonholing their data into a one-size-fits-all software solution. Our bespoke models yield high accuracy since we meticulously analyze every contract, model all relevant terms, verify the correspondence between plan codes and insurance products, and conduct rigorous tests on our models. We take into account every reimbursement affected by price alterations, which leads to the most precise predictions in the industry. Additionally, we offer a pricing methodology that is not only defensible but also clear and understandable for patients, ensuring that our pricing structures are logical and appropriately tiered. Ultimately, our approach leads to enhanced revenue generation while maintaining transparency and fairness in pricing.
Description
TierBench offers specialized rate intelligence tailored for the behavioral health sector. We gather actual negotiated rates from payers' Transparency in Coverage documents, ensuring they are linked to the appropriate facilities and aligned with the care levels they have contracts for—such as detox, residential, partial hospitalization, and intensive outpatient—based on the relevant revenue codes and HCPCS codes used for billing those services.
RateBench positions your negotiated rates within the distribution of similar facilities in your area, providing insights through a percentile ranking. PeerBench allows for comparisons with the most relevant facilities, ensuring you have meaningful benchmarks. All subscriptions grant access to the complete platform, with coverage options ranging from a single state to a national scope.
You can initiate your experience with a complimentary rate analysis by sending us the codes from your contract, allowing you to see how each rate stands within your market. This analysis can provide valuable insights into pricing strategies and competitive positioning.
API Access
Has API
API Access
Has API
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
$1250/month
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Sophical Solutions
Country
United States
Website
www.sophicalsolutions.com
Vendor Details
Company Name
TierBench, LLC
Founded
2026
Country
United States
Website
tierbench.com
Product Features
Payment Processing
ACH Check Transactions
Bitcoin Compatible
Debit Card Support
Gift Card Management
Mobile Payments
Online Payments
POS Transactions
Receipt Printing
Recurring Billing
Signature Capture