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payer contract negotiation
Depending on your specialty and healthcare services offered, up to 90% of your revenue may come from private payer (Aetna, Humana, Cigna, etc...). Are you aware that a peer practice down the street may be getting paid up to 30% higher for the same services offered?
Reimbursements are a significant source of revenue for healthcare practices. Yet, many of them don't receive the full reimbursement for delivered services, even when the payer and provider mutually agreed on a rate. Unfortunately, keeping up with payer policy changes is difficult and most practices don't have a payer contracting expert who regularly analyses payer contracts.
Payers are much important and they need us more than we need them.Payer contract negotiations involve a unnecessary attention and this process is too much discouraging. Payers can pay off in large dividends. These are much essential to your practice.
Payers are much important and they need us more than we need them.Payer contract negotiations involve a unnecessary attention and this process is too much discouraging. Payers can pay off in large dividends. These are much essential to your practice.We have listed payer contract trends which will help you to improve your practice revenue.
TriumpHealth's mission is to help healthcare organizations grow by maximizing their revenue through proactive revenue cycle management, predictive revenue analytics, and Health IT solutions. We endeavor to build trustworthy business relationships as a foundation for our mutual success, while being reliable, proficient, and committed to your success. To learn how our services can help...
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