A strong bottom line is built on a foundation of solid payer contracting. This is where revenue cycle management starts. If you don’t fully understand your payer terms or don’t have them in writing, you’ve set yourself back in 2015 and beyond.
It’s not uncommon for payers to refuse to negotiate fees, but don’t give up. If they won’t budge on fees, negotiate terms. Contract terms you should scrutinize include timely filing deadlines, recoupments, and terminations. Getting your payer terms in writing, and conducting intelligent payer contract monitoring, helps provide the fuel you need for better revenue outcomes.
Learn more about payer contracting strategies, in our ebook, “Payer contracting: Get paid what you’ve earned”.