Compare your payer contracts and reimbursements on an ongoing basis; test payer offers and your counter-offers. Key contractual information is easily available and provides a reference for renegotiating. All contracts are inventoried and cataloged.
Determine what various reimbursement rates will do to your bottom line, in aggregate and by CPT® code. Test the adequacy of your charges, determine A/R and write-off amounts.
Decreasing provider reimbursements demand a proactive approach to your payer relationships.
Let the experts at CodeToolz take your payer contracting efforts from burden to competitive advantage – whether renegotiating stale agreements or developing new managed care contracts.
Negotiating or renegotiating a payer contract for your medical practice can be one of the most important steps you can make toward improving the practice’s financial health.
Successful renegotiation of your payer contracts has a usual yield of 10 percent.
