Unfortunately, we see many physicians who believe that there’s little they can do about declining reimbursements from managed care payors except to cut costs, improve billing efficiencies and work longer hours. Nothing could be further from the truth!
Whether you are just starting up or have an established practice, negotiating better payment for your services will enhance your revenue and help to offset these ever-increasing economic challenges.
Remember, you don’t have to wait until your contract is up for renewal to renegotiate the terms. You can request renegotiation with any payor at any time, and 80% of the time they will comply.
Unlike “governmental” payors, commercial insurers negotiate! If you simply sign on the dotted line and give no regard to the many options available to you, you may miss ongoing revenue opportunities for years to come. You do have options.
The managed care consulting team of DoctorsManagement can help. We review your current contracts to discover ways that can improve your income. We then provide you with feedback on your current contract as well as a detailed plan on how to reduce unnecessary risks and improve your income.
The benefits of a managed care contract review by DoctorsManagement:
• Learn how you can receive top dollar for your services
• Discover ways to dramatically speed up insurance reimbursements
• Reduce liability and hidden obligations in existing contracts
• Become more competitive in your marketplace
• Stop giving away discounts you didn’t agree to
• Reduce limitations on your hiring decisions
• Realize continued revenue improvements
Your contract affects every aspect of your business. Let us show you ways that you can work smarter, not harder!
Email us or call 800-635-4040 to learn more.
Related article: Top 10 Reasons to Say No to a Managed Care Contract
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