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Average Ratings 0 Ratings
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
No
API Access
Has API
No
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
$1250/month
Free Trial
Yes
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
No
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
Yes
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
No
Bitcoin Compatible
Yes
Debit Card Support
No
Gift Card Management
No
Mobile Payments
Yes
Online Payments
No
POS Transactions
Yes
Receipt Printing
No
Recurring Billing
No
Signature Capture
No