MAGE - Advanced analytics for provider contracting

Manual contract modeling is a time-consuming and cumbersome task. More often than not, there are multiple parties and departments involved. The cumulative time taken by each of these entities to compare prices and provide a financially viable contract adds up to a substantial delay in the overall process. MDI Contract Modeler is an intelligent, refined contract modeling application that provides business intelligence, analyses, and helps healthcare payers to negotiate financially sound and mutually acceptable contracts. With this tool, healthcare payers don’t just save time and effort in the overall contracting process, but also drastically reduce administration costs.

How Can
We Help You?

Streamline provider contract modelling for precise, efficient, and reliable contract management.

What can healthcare payers expect from Contract Modeler?

Perform Scenario Analysis

Our tool allows you to conduct and analyze ‘what-if’ scenarios in order to be prepared for future pricing variations.

Quantify Financial Impact

Healthcare payers can forecast financial implications well in advance in order to make the right decisions.

Provide Visual Representation

Visual representation of data, like graphical view and etc. are included in our tool.

Analyze “Fee-Schedule” Variance

Our tool helps to display the comparison of fees schedule variance, flat fee, and case rate variance. With a single click, you get the comparison of different fees variance.

Negotiate Contracts Effectively

By automating the contract process, this tool enables healthcare payers to negotiate better contracts. This saves time and effort without compromising on the quality of the document.

Improve Forecasting with Contract Modeler

Financial

Prevent future scenarios catching you on the wrong foot. With Contract Modeler, you can conduct what-if financial analysis for potential pricing scenarios that could emerge in the future.

Location

Contract Modeler can integrate with external applications to make your claims process more efficient. You can identify and analyze the geographical locations of providers with the help of
Google Maps.

Outliers

Bring greater levels of accuracy to your statistical analysis. Contract Modeler has the ability to define and/or exclude outliers in a data set to help deliver more accurate results.

Benchmarking

Use technology to quickly compare rates and determine variance against standard fee-schedules to make the claims process more efficient.

Budgeting

Improve budgeting decisions by anticipating and forecasting future savings determined from actual historical claims.

Tech Resources

Our user-friendly interface enables even non-technical staff to access and conduct analysis on various data sets without any assistance from the IT/Tech support staff.

Accuracy

Mage can speedily provide you with an accurate model of contract rate changes based on real-time claims data. This automated process can save you countless manual hours and also
enhance efficiency.

Contract Type

Using Contract Modeler as a platform, evaluate various contracting models, such as fee for service, per diem, case rate including carve-outs/bundling, and alterations of payment structures.

Efficiency

Bring speed and efficiency to routine tasks in your claim processes. AI helps model, analyze, and negotiate contracts quickly with limited effort required from you.