Top 5 SlicedHealth Alternatives & Competitors 2024

Healthcare leaders are unanimous that organizations have a huge opportunity to reduce expenses and modernize by automating much of their revenue cycle. They can unleash software to automatically check benefits, compile and send good faith estimates, compare contracted rates with actual payments, and much more. This software is built from the ground up to optimize a healthcare organization’s revenue while reducing the soaring costs involved in manual labor. 

RCM solution companies vary. Some offer proprietary software, while others combine software with management, consultants, and offshore staff – a software-plus-services approach. SlicedHealth provides software to automate and modernize contract management, good faith estimates, price transparency, and performance analytics. It relies on its clients to provide the human resources to act on the data and insights it delivers. 

What is SlicedHealth and what healthcare organizations does it serve?

SlicedHealth supports the financial success of community (often rural) hospitals and physician groups through innovative technology solutions.  Their mission is to modernize the client revenue cycle so they become efficient, data-driven organizations. SlicedHealth’s team includes experienced healthcare professionals who understand the unique challenges faced by these organizations. They’ve designed their technology platform for rapid deployment and cost efficiency in a way that requires minimal resources from clients. The company emphasizes ease of implementation. It has engineered solutions to automate: 

• Contract management - identifies opportunities to enhance payment terms within your agreements and constructs data-driven cases for advocating for them. Additionally, it offers peer benchmarking to map out the competitive landscape. These insights allow for pricing adjustments and negotiation power.  
• Business intelligence - SlicedHealth’s automated internal reporting helps providers track the financial health of their community hospital or group practice. It offers on-demand analysis of claims, charges, payers, denials, and markets. With this information, you can identify trends in each category, understand your payer’s profitability, and track their claims data. Their predictive analytics capabilities help you forecast budgets and create strategy. 
• Price transparency -  because hospitals must now publicly disclose the prices they charge for various services, SlicedHealth has created a centralized solution that ensures patients can search procedures, products and drugs, and find prices for all. Their solution even bundles items so that you remain transparent and your customers have clarity. Enhanced patient access to pricing information keeps providers compliant and patients satisfied.  
• Claim estimation tool -  estimates the customer’s portion and the overall claim payment status so that facilities can accurately inform patients of their financial responsibility and predict their own reimbursement amounts.

SlicedHealth’s case studies praise the company’s ability to quickly implement its solutions, uncover underpayments, and ensure compliance with price transparency rules to prevent fines.

SlicedHealth has no reviews appearing on G2 or Capterra yet. 

List of top 5 SlicedHealth alternatives

• MD Clarity
• Tribunus Health
• PayrHealth
• Symplr
• Syntellis 

A SlicedHealth alternative with underpayment detection, contract optimization, and contract modeling software

MD Clarity

Description

MD Clarity has been delivering precise contract management, underpayment recovery, and patient payment estimate software for over a decade. Recently, they introduced a contract modeling feature allowing providers to model proposed insurance contract changes. A social-impact-driven company, MD Clarity serves managed service organizations, progressive provider groups, and practices. 

Their products, RevFind and ClarityFlow, streamline revenue processes by digitizing contracts, identifying payment discrepancies, and generating automated patient payment estimates. Recognized by Built-In as a Best Place to Work, MD Clarity supports a diverse range of specialties.

 Because more patients are requesting upfront, pre-service estimates, MD Clarity designed automated patient payment estimate generation and sending in its Clarity Flow solution. When today’s patients can access accurate pricing both upfront and throughout their journey, their satisfaction increases. Further, every dollar collected upfront stays out of provider A/R and bad debt.

G2 reviewers have given MD Clarity an average of 4.8 / 5 stars.   

MD Clarity features in common with SlicedHealth

MD Clarity and Sliced Health both optimize payer contracts and revenue recovery via software solutions. 

Through their contract management solutions, both MD Clarity and SlicedHealth help providers negotiate better rates and fees. Both provide underpayment and payer performance data via their software and turn any face-to-face negotiations over to the provider. 

Clients of both access management and modeling expertise via the features loaded into their software.  

Contract management

Both SlicedHealth and MD Clarity centralize and digitize contracts, offering alerts for renewals and other important dates. They include analysis features to identify payers with the best terms and fees and update contracts based on payer changes. Rapid awareness of these changes is critical due to tight deadlines and often unfavorable terms from payers and the software systems’ alerts ensure staff can act on time. MD Clarity’s RevFind projects revenue impacts from contract changes and helps negotiate with insurers. Both systems identify and address underpayments, providing real-time alerts and tools for revenue recovery and contract performance optimization.

Contract modeling: MD Clarity’s RevFind utilizes historical data in a scenario modeling engine to predict revenue impacts from contract changes. As payers may subtly introduce changes, having detailed awareness is crucial. The insights provided by the software in both cases empower providers to support their positions in negotiations with insurers.

Underpayments: Both SlicedHealth and MD Clarity's contract management modules identify payer underpayments. Due to the labor involved in tracking underpayments and the focus on denials, underpayments are often overlooked, especially with the current staffing shortage. MD Clarity’s RevFind compares actual payments to contracts, alerts staff to discrepancies, measures performance, and analyzes denials. Staff can report underpayments via payer portals without needing costly specialists. Automated discovery alerts providers to revenue recovery trends, optimizes the chargemaster, and assigns tasks for appeals, generating reports for better negotiations.

Take a quick, self-guided tour through a powerful contract performance optimization and underpayments recovery tool:

Denials Management: RevFind identifies the sources and types of denials your organization encounters, helping address root causes and improve processes to prevent future denials. Detailed reports specify the responsible codes and payers, enabling targeted resolutions to revenue losses. 

SlicedHealth, too, unleashes the analytics that surfaces the CPT codes most likely to elicit denials. Like MD Clarity, it illuminates root causes of denials so providers can make the workflow changes needed to reduce them. 

Patient payment or good faith estimates

SlicedHealth and MD Clarity both have software that automatically generates patient payment estimates. Patient pay estimates let patients know their financial responsibility and even include a link to your portal or financial institution so they can pay on the spot. 

MD Clarity’s Clarity Flow automatically handles eligibility checks, generates customized estimate letters for different patient groups, dispatches estimates upon appointment booking, manages care deposit collections, and transfers collected funds to the organization’s account. Automation eliminates any need for internal or external staff. It flags estimates too complex to run through its system and forwards them to the provider for manual processing. Most providers wind up with just a few exceptions every month. 

This level of automation in eligibility and estimate generation minimizes repetitive tasks for staff and reduces the need for additional hires. Both improvements significantly alleviate the operational burden on healthcare organizations.

Ratings

MD Clarity has earned an average of 4.8 / 5 stars on G2. 

A SlicedHealth competitor focused on health systems

Tribunus Health

Description

Like SlicedHealth, competitor Tribunus Health provides contract management solutions. Tribunus Health, however,  combines expert consulting with proprietary software, where Sliced sticks to software solutions. Tribunus Health’s services include managed care contracting, reimbursement management, enrollment assistance, and analytics. It targets healthcare providers such as substance abuse treatment centers, specialist groups, rural hospitals, and private equity-backed physician groups.

Tribunus Health contract experts provide detailed contract analyses in a comprehensive contract review either in person or virtually. These experts also identify provider opportunities for bringing on more lucrative payers. If requested, Tribunus assigns its own experienced attorneys and other professionals to handle the contract negotiation. Providers using Tribunus Health need to be prepared to pay for consultant time on top of software solution subscriptions. 

Features Tribunus offers in addition to SlicedHealth’s features

 Before negotiations begin, Tribunus works closely with the healthcare organization to create the value statements to which payers respond. Their combination of software and expert negotiators conveys provider value and optimizes contracts, ensuring healthcare providers win the best reimbursement rates.

Tribunus prides itself on addressing challenges such as stale contracts and the complexities of going in-network for the first time.

Ratings

Tribunus Health has no reviews on G2, Capterra, or others at this time. 

A SlicedHealth competitor focused closely on contracts

PayrHealth

Description

As with Tribunus, PayrHealth combines proprietary software and expert consulting services. Their payer contracting solutions include comprehensive contract reviews, strategic market analysis, contract language analysis, and fee schedule analysis. An integrated approach like this ensures healthcare providers can negotiate favorable contract terms, optimize reimbursement rates, and stay competitive.

PayrHealth serves primary care physicians, specialist physicians, behavioral health providers, hospitals, integrated delivery systems, ambulatory surgery centers, and other healthcare entities. They cater to both small and large practices, ensuring that even new or smaller providers can access the resources available to large health systems.

Features PayrHealth shares with Sliced

PayrHealth seamlessly integrates into healthcare practices, offering ongoing support and regular updates. This ensures providers can prioritize patient care while enhancing their financial performance.

Like Sliced, they offer:

1. Comprehensive contract review:  to ensure providers know their market needs and contract with the ideal payers for that market. 

2. Contract language analysis: discovery and negotiation of key contract terms that contribute to revenue leakage. 

3. Fee schedule analysis: custom reviews based by codes billed and their frequency.

4. Reimbursement rate increases: negotiations structured to figure in inflation and future investments.

5. Market analysis: to guide providers through current market dynamics and leverage the opportunities there.

6. New payer plan negotiation: to establish favorable baseline terms in new payer relationships.

Ratings

PayrHealth has no reviews on G2, Capterra or others at this time. 

A SlicedHealth alternative 

Symplr

Description

In addition to providing contract management software, Symplr offers solutions for workforce and talent management, data management, and spend management. They provide pre-configured compliance workflows tailored for healthcare contracting to align providers with their software. Symplr supports third-party integrations via APIs, making it scalable from single clinics to large healthcare systems. Contract analytics features help identify and address contracting and renewal challenges, uncover savings opportunities, and speed up new contract creation with configurable templates and standardized terms. Additional features such as user permissions and time tracking enforce contract governance.

Features Symplr shares with Sliced

Symplr and Sliced both offer contract management solutions tailored for healthcare providers. That means both provide a centralized database for all contracts, contract uploading services with contract management, reporting, and compliance to follow set-up. Both also rely on analytics to reveal where providers can negotiate more effectively with payers for better revenue. Both organizations help clients maintain regulatory compliance. 

Where Symplr and Sliced differ

First, Sliced focuses only on contract management, analytics, price transparency, and patient estimate, all steps in the healthcare revenue cycle. Symplr goes beyond RCM by providing solutions for healthcare operations, including workforce and talent management, data management, and spend management. Symplr also includes features for vendor management; Sliced does not offer these solutions. 

Sliced’s robust analytics and reporting functionalities help organizations gain insights into contract performance and optimize contract negotiations. Sliced and Symplr both target hospitals and health systems as clients, but SlicedHealth’s history has been in serving rural, community hospitals.  

Choosing between Symplr and Sliced would depend on whether the healthcare organization requires more focus on the revenue cycle or the broad management solutions that Symplr has developed. 

Rating

Symplr Contract has earned a score of 3.6 / 5 on Capterra. 

A SlicedHealth alternative that serves sectors outside healthcare

Axiom Contract Management by Syntellis

Description

Syntellis provides Axiom Contract Management, a healthcare contract management software designed to efficiently handle payer contracts, claims, and payments. This solution leverages data to optimize revenue, ensure contract compliance, and analyze denials. Additionally, consultants offer specialized support to enhance reimbursement accuracy and financial performance.

Serving hospitals, health systems, and medical groups, Axiom also analyzes financial performance and operational efficiency. While SlicedHealth sticks to the healthcare space, Syntellis provides services to higher education, finance, and other sectors. In addition to its revenue cycle optimization products, Syntellis performs market analysis, clinical analytics, decision support, capital planning, budgeting, and forecasting.

Its RCM solutions handle: 

• contract management to keep providers current with contract renewals and proposed payer changes. It also improves accuracy in claims submissions. 
• contract modeling: to build accurate payer contract models that determine how proposed payer changes impact revenue and develop new models based on variables (rates and terms) you prefer. 
• automated payer payment compliance to monitor the variance between actual payments and those stipulated in the contract. 
•  analytics and reporting tools that provide actionable insights for optimizing financial performance.
• contract negotiation, supplying a contract expert to fight successfully for your preferred fees and terms.
• denials analysis to help uncover the root causes of denials and quickly resolve denied claims and focus follow-up efforts on high value claims.

These features optimize contract management tasks, including, empowering healthcare providers to improve operational efficiency and financial health.

Features Axiom Contract Management shares with SlicedHealth

Like Sliced, Axiom Contract Management goes deep on contract modeling, management, and analysis for only the healthcare industry. Axiom, however, provides many more services that help optimize financial and operational tasks involved in healthcare. Both primarily offer software solutions rather than consultants and specialists who take the work from the client. 

Axiom Contract Management by Syntellis has no reviews on G2 or Capterra at this writing. 

MD Clarity’s contract management solution optimizes your revenue

Effective contract management is a relatively new challenge for many practices, physician groups, and MSOs – one often neglected due to staffing shortages. According to MGMA, only 58 percent review contracts annually, with 16 percent performing this task every two to three years, and 17 percent never reviewing them. This negligence exposes organizations to lower rates, eligibility errors, and compliance issues, benefiting payers. MD Clarity's RevFind automates contract management by centralizing agreements, providing alerts for key dates, generating detailed reimbursement reports, and identifying underpayments. Schedule a demo to see how RevFind can enhance contract performance and boost revenue.

Getting your contracts optimized now renders gains for years to come. 

On the other hand, contract negligence leaves you open to lower rates, eligibility errors, and compliance issues. Oversights on these issues benefit payers. 

MD Clarity's RevFind automates contract management for practices, physician groups, and MSOs by identifying top and poor-performing payers, tracking payment trends, and detecting underpayments. It centralizes agreements, sets automated alerts for important dates, and generates reports comparing reimbursements by CPT code and location, including Medicare benchmarks. RevFind scrutinizes payments against contract terms, alerting staff to discrepancies for timely resolution. This proactive approach helps prevent future underpayments by addressing systemic issues.

Schedule a demo to see how RevFind catches payer underpayments, empowering you to pursue them. Strengthen your contracts and boost net revenue when you get concrete data on payer contract performance. 

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