Effectively Communicating with Payers During Negotiations
Whenever you create a letter, i.e. Aetna, a folder (Aetna) will be auto-created within your CodeToolz folder and that letter will be auto-saved in your newly created Aetna folder. This is true for all payers and letters. If the folder already exists, the letter(s) will be auto-saved to that existing folder without duplicating that folder.
Once you have created the Contract Renegotiation Notice, it will be auto-annotated in your Payer Contract Inventory and you will be notified again 120 days out from the next Anniversary Date. No more outdated fee schedules.
At a minimum you should be renegotiating an annual 2% – 4% increase. Your fee schedules must keep pace with increases in expenses.