Healthcare Contract Negotiations
An efficient contract management system will not help your healthcare organization realize cost savings if the managed care contracts are not well-negotiated to be mutually beneficial to both you and the vendor. Poorly negotiated managed care contracts will add up — costing you thousands of dollars and wasting time and resources as it becomes cumbersome to manage each contract’s unique policies, procedures, terms and demands.
With practice expenses increasing, boosting reimbursement from private payers is one way to stay in business. Your practice expenses are increasing with inflation, but one of your biggest revenue streams—Medicare—is not. Increasing reimbursement from private payers is likely the only way to stay in business. Your future depends on successfully negotiating with your private payer plans, but that is easier said than done.
Managed care contract negotiations tend to focus on financial and legal issues but overlooking the effect of medical management on payer contracts could jeopardize your financial viability. If your organization has not yet engaged in strategic planning, now is the time to do it. The data gathered for your strategic-planning SWOT analysis—an assessment of the strengths, weaknesses, opportunities, and threats of your practice—offer a critical underpinning for effective negotiation with payers.
At FLuidity Content Writing, we have effective contract negotiation methods already in place to write language for optimal contractual performance and reimbursement for your organization. We are ready to partner with you as a consultant to liaise with payers through existing relationships to negotiate on your behalf.