CodeToolz Contract Analyzer Outcomes
Precisely-Timed, Data-Driven Payer Re-Negotiations
Secure the Best Payer Fee Schedules Possible
Proper Management Makes All the Difference
Here is what we and your CodeToolz Contract Analyzer will do for your practice/business:
Organize, analyze and maximize your payer contracts and fee schedules in one simple place.
Determine what various reimbursement rates will do to your bottom line, in aggregate and by CPT® code for all your payers.
Compare your reimbursements on an ongoing basis; test the adequacy of your charges, test payer offers, your counteroffers and much more.
Let’s get your reimbursements where they should be!
To most providers, the most important part of any contract is the fee schedule. If the fee schedule is unacceptable, the clauses and language contained in the rest of the contract is irrelevant.
A 7% increase (our average) on total annual collections (payer reimbursements) of $500,000 will put an extra $35,000 in your pocket.
The bottom line is that “knowledge is power” and planning is essential.
The CodeToolz Contract Analyzer strategy and service in 3 words; efficient, effective and affordable.
Decreasing provider reimbursements demand a proactive approach to your payer relationships. Let the experts at CodeToolz take your contracting efforts from burden to competitive advantage – whether re-negotiating stale agreements or developing new managed care contracts.
CodeToolz’s Contract Analyzer works through all your current contracts and payer fee schedule data to test the adequacy of your charges, test payer offers, determine what various reimbursement rates will do to your bottom line (in aggregate and by CPT® code), compare reimbursements by payer, determine A/R and much more.
Never has the call for strategic collaboration been stronger in medical practice management. Success hinges on the practices’ ability to target operational and clinical support that can be turned on and scaled up quickly.
