The insurance payer landscape is too complex because of continuously changing norms, numerous players, and diverse plans. Even a slight gap in comprehending the market can effectively change the revenue cycle of the medical practices. The complex terminology used in the contract can be confusing and when this happens you should open up the conversation for renegotiating the contract. If not done right, you may not receive the rates you should be receiving ideally.
Practolytics strives to fill this gap by researching both medical establishment and payer entities, viz-a–viz existing financial and market trends.
Certain tips and tricks can help you to negotiate the contract well, such as: