Stung by the recent reimbursement cuts?
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Transcript of Stung by the recent reimbursement cuts?
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Negotiation tips to help physicians land better deals
Presented by MedicalBillingStar
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Stung by the recent reimbursement cuts?
• Physicians are moving away from independent practice and gravitating to employ with hospitals or supplementary large firms.
• Though this change frees doctors of the burdens of running a business, it's critical physicians understand their rights and responsibilities before agreeing to an service contract.
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Negotiate tough…
• Doctors have traditionally shied away from negotiation rates with payers.
• Drowning under paperwork and making long phone calls, are enough to scare the most persistent of physicians
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Getting the facts on paper!
• Most medical practitioners make the mistake of sending out proposal letters that do not include key facts.
• Including a brief introduction to your practice, patient population and expectation is important.
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What color does your insurer like?• But for successful payer negotiation, knowing your
insurer is important.
• What are the cpt codes that are more likely to be reconsidered?
• What are the documents your insurer might require?
• Every, information, is key to shorten the turnaround and back and forth phone calls.
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It isn’t mission accomplished!
• You’ve struck the deal.
• Time, to, celebrate and hope for better collections.
• But it is also important you have the details of your negotiation summarized.
• It will help you to inform your billing team about the changes.
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Conclusion
• To, inform your patients about the revised rates.
• And yes it comes in handy when working on your next
set of contracts.
• As with all else it is a constant work in progress!
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Feedbacks
Your queries are most welcome for Payer negotiation services to
http://www.medicalbillingstar.com/payer-negotiation.html