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Competitor Selection

Selecting the right competitors is crucial for accurate market benchmarking and strategic positioning. This step helps you understand where your practice stands in the competitive landscape and identifies opportunities for rate optimization.

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Competitor Selection Interface

The Competitors page has two toggles at the top:

• Current shows the competitors already in your set.
• Suggested Competitors shows the matched candidates you can filter and pick from.

Your selections save automatically as you check and uncheck providers — there’s no separate confirm or save action.

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Selection Process

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Filtering Suggested Competitors

The following filters live under the Suggested Competitors tab (not Current) and let you narrow the candidate list:

• Radius — slider for distance from the practice.
• Practice size — size bands from 1-5 providers up to 500+.
• Billing — select Bills similarly to keep only providers with a comparable billing profile.
• Exclude unknown — drop providers whose size or details can’t be confirmed.
• Max org size — cap the largest organizations included in the set.

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Selecting Competitors

• Check or uncheck any provider to add or remove it from your set.
• Use Select All or Deselect All to bulk update your selection.
• A counter (for example, “15 of 20 selected”) shows how many competitors are currently in your set.

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Why Competitor Selection Matters

Selecting competitors that are similar enough to your practice is crucial for meaningful rate comparisons and accurate market analysis:

• Comparable Practice Characteristics - Only competitors with similar size, specialty focus, and geographic presence provide relevant rate benchmarks
• Valid Rate Comparisons - Comparing rates with dissimilar organizations can lead to misleading conclusions about your market position
• Accurate Market Intelligence - Similar competitors face the same payer dynamics, patient populations, and operational challenges as your practice
• Realistic Benchmarking - Rate differences between truly comparable practices reflect genuine competitive advantages or gaps rather than structural differences

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Next Steps After Competitor Selection

Once your competitor set is in place:

1. Data Collection - PriceMedic gathers rate transparency data for your selected competitors
2. Profile Completion - Your provider profile setup is complete
3. Initial Analysis - Generate your first competitive benchmark reports
4. Ongoing Management - Revisit the Competitors tab to update your set as your market changes

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