To stay in the business and handle increasing overhaed costs it is important that practices learn to negotiate effectively.For more info http://www.medicalbillingstar.com/payer-negotiation.html

1. Negotiation tips to help
physicians land better deals
Presented by
MedicalBillingStar

2. 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.

3. 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

4. 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.

5. 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.

6. 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.

7. 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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Your queries are most welcome for
Payer negotiation services to
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-negotiation.html