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Contract Renegotiation

Contract Renegotiation

When was the last time you reviewed your payer contracts? Are you being reimbursed what you deserve?
Contract Renegotiation

Back Office Support

Contract Renegotiation

Many physicians overlook the importance of regularly renegotiating their contracts, potentially missing out on significant revenue increases. It’s never too late to dust off those contracts and prepare to renegotiate like a pro!

By renegotiating your contracts, you could increase your revenue by 10 – 30%. Understanding the fine print and identifying missed opportunities in fee schedule increases are crucial steps in maximizing your reimbursement.

Low reimbursement rates can significantly impact your practice’s revenue. Insurance companies don’t automatically reward loyalty—you have to advocate for better terms.

Contracts contain vital information beyond reimbursement rates, including:

Submission and Reimbursement Timelines: Days to submit claims and receive reimbursements.
Covered Services: Scope and list of services covered.
Denial Procedures: Procedures for disputing denials.
Contract Terms: Duration and renegotiation/termination notice periods.
Understanding these terms is essential for optimizing reimbursement and ensuring financial health.

Don’t navigate contract renegotiations alone. Partner with Billed Right to maximize your revenue potential. Contact us today to learn more about our contract renegotiation services!

Our Expertise

Getting Help with Medical Contract Renegotiation

Billed Right offers Contract Renegotiation services in Florida to help you identify key financial opportunities within your payer contracts. Our team analyzes your current reimbursements and provides insights into which contracts offer the greatest financial potential upon renegotiation.

Here’s what you can expect from us as your partner in renegotiating payer contracts:

Preparation Assistance: Guidance in preparing for contract renegotiations.
Data Analysis: Detailed analysis including DX codes, frequency, and CPT codes.
Reimbursement Benchmarking: Comparison of reimbursements against Medicare fee schedules.
Strategic Insights: Identification of top reimbursement opportunities and carriers.
Unique Practice Positioning: Understanding what sets your practice apart.

Let Billed Right help you stand out and maximize your revenue through strategic contract renegotiation. Contact us today to start optimizing your payer contracts!

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