MDI Modeler is a state of the art contract modeling application that enables contract and finance managers with advanced analytics to negotiate contracts that are financially viable and agreeable to providers. This solution helps your contract management teams to perform in-depth, high-precision analysis of all provider contract scenarios ensuring reduction in time, cost and effort.
The tool uses actual historical claims data to forecast future costs making the analysis accurate. The user-friendly application runs multiple scenarios quickly, without IT staff support, substantially reducing the time, labor and costs associated with contract development and negotiations.
Perform Scenario Analysis
Quantify Financial Impact
Provider Visual Representation
Analyze “Fee-Schedule” Variance
Negotiate Contracts Effectively
MDI Modeler is an advanced analytical platform that reduces time and effort associated with contract analysis and provides greater insight and flexibility in provider negotiations. Key features are as follows:
Financial – Conduct what-if financial analysis for potential pricing scenarios
Location – Analyze the geographical locations of providers with the help of Google Maps
Benchmarking – Compare rates and determine variance against standard fee-schedules
Contract Type – Evaluate various contracting models (Fee for Service, Per Diem, Case Rate including carve-outs/bundling & alterations of payment structures)
Outliers – Ability to define or exclude outliers for accurate statistical analysis
Efficiency – Model, analyze and negotiate contracts quickly with limited effort
Accuracy – Accurately model, contract rate changes based on actual claims data
Tech Resources – User-friendly interface allows analysis without IT/Tech staff support
Budgeting – Forecast future savings based on actual historical claims for budgeting precision
Competition – Effective Provider Negotiation
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