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Insurance Contract Negotiation Services | Maximize Your Benefits

Maximize your practice’s revenue with expert Insurance Contract Negotiation Services tailored to healthcare providers. We help you secure better reimbursement rates, improve contract terms, and ensure fair agreements with insurance companies. Our specialists analyze your existing contracts, identify opportunities for improvement, and negotiate on your behalf to achieve optimal financial outcomes. With extensive industry experience, we understand payer policies, regulatory requirements, and the complexities of contract negotiations. Whether you’re a small practice or a large healthcare organization, our services empower you to focus on patient care while we handle the negotiations. Don’t settle for unfavorable contracts—partner with us to enhance your financial stability and operational efficiency. Discover how Insurance Contract Negotiation Services can help you achieve sustainable growth and long-term success in the ever-changing healthcare landscape.

The Contract negotiation process at Practolytics

In-depth evaluation of the existing contracts along with the identification of current payers majorly dealt with.

A SWOT analysis of the medical practice to understand the top specialities billed the most.

A detailed comparative analysis of the reimbursement rates by various insurance agencies.

Finalizing and approaching the payer with the best offer in context with the existing market scenario.

Presenting well documented & organized data for negotiations for the best revenue contract.

Creating properly worded exhaustive payer contracts with no scope for misinterpretation.

Regular review of the contracts as per the existing market situations.

Why Practolytics for Contract Negotiation services?

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Expert team of financial analysts to help you in the process

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Relationship with provider representatives across different states

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Monitoring of reimbursements across the payers

How we help businesses

How we help businesses

How we help businesses

Medical providers are busy in providing the right treatment to their patients. Moreover, 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.

Practolytics strives to fill this gap by researching both medical establishment and payer entities, vis-à-vis existing financial and market trends. We create an agreement scope in view of the business objectives for maximum revenues. With our diverse network, we seek out the best payer plans for the top specialities and our team of expert negotiators chart out the contracts including favourable terms.

Optimize Healthcare Payer Contract Negotiations with Practolytics!

Good contracts with the insurance companies are one of the primary factors for any profitable practice. That’s where insurance contract negotiation services by Practolytics come to play! We work with our channel partners to give a comparative analysis of your practice reimbursements versus other practices in the same geography / state. Our expert team of financial analysts monitors various reimbursements across different payers, conduct payer negotiation, and negotiate the best rate for your practice.

Customer stories

Practolytics has been invaluable to our practice since October 2022. Their expertise in coding guidance and provider audits has given us more confidence in the way we operate. Their team is not only knowledgeable but also incredibly supportive providing clear and concise guidance tailored to our specific needs. Their compliance audits have been thorough and insightful, helping us to identify areas for improvement that could prevent financial losses while also providing opportunities for further provider training. I highly recommend their service to anyone looking to enhance their billing and coding practices.

Carol Raugust – Practice Manager Platinum Hospitalists

Customer Stories

I have been a very satisfied client with Practolytics for nearly 5 years now. As you would expect, they are collecting the money that we have worked so hard for. We like the fact that they share our passion for data. We both approach our common issue i.e., how to collect money from a data centric viewpoint, and this drives improvement. The team is always willing to listen to us and make changes if necessary. Through the years we have asked for help with various office activities from credentialing to prior authorizations to procurement of outside medical records. Yes, these were add on-services, but outsourcing these activities to their team has been a winning solution that has intertwined the billing team into the success of our practice. These add ons have been a good value for us too. Lastly, we have easy access to one of the principal partners on the billing team, and the response time has always been excellent. Thank you! Practolytics!

Guy Lerner – MD Specialist in Pain Care, Kentucky

Customer Stories

We have been working with Manik and the rest of his team since August 2015. At that time, we were a clinic in need of guidance, in terms of credentialing, understanding the claims process and optimizing the use of the technology and stabilizing cash-flow. The team as a whole spent many hours upfront working to get everything moving smoothly and also developing relationships with most insurance companies. Manik’s hard work & dedication paid off as our practice more than tripled in visits, and we no longer had to tell the patients that we aren’t in the network. This more than anything has allowed us great patient flow and continued steady growth.

Robert Gass – Owner Care Physical Therapy, New York

Customer stories

We are a solo orthopedic practice in North Carolina and our relationship with Practolytics started in June 2015. They have staff members who are always willing to help. They work very hard to make us happy and I appreciate all that they do on a daily basis. They take out the worry of getting payments and always follow up with insurance companies. I found the customer service to be unsurpassed. All phone calls are returned and our questions are answered in a thorough and timely manner. The monthly reports are easy to read and provide a quick assessment of the health of the practice, including the company’s account receivables. When I need advice or am unsure of something, it gives me comfort to know that they are just a phone call away. Switching to Practolytics was truly one of the best decisions that I have made for our practice. I truly look forward to a longtime relationship with the staff at Practolytics.

Rekha Parikh – Administrator Orthopedic Solutions & Sports Medicine Center, North Carolina

Customer Stories

I started a new practice approximately 5 years ago. I have used Practolytics for my billing services over this entire period. I have also used them for integration of collections, adding new providers and DME. They have been excellent and are also part of the reason why I am so successful. They are very knowledgeable about billing. I not only see patients in clinic but also at the hospital and nursing home and also do surgical procedures in and out of the office. I have been very impressed with their level of skill and knowledge. They also do very good on communication. I would highly recommend them for any of your billing needs.

Dr. Nicole Cupp – MD Advanced Podiatry of Bartlesville

Customer Stories

Dr. Martha Livingston
Fahad Hashmi
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FAQs about Contract Negotiation

What is a provider contract in healthcare industry?

Provider agreement is a contract between a healthcare provider and an employee benefits plan. The agreement states that the provider will accept payments from the plan for services provided to patients covered by that plan.

What is negotiated rate health insurance?

A negotiated or an adjusted rate is the amount an insurer is obliged to pay under contract for all the procedures and services a doctor or medical facility covers.

How can Practolytics help me?

We make sure that you do not have to pay an attorney to negotiate contracts ever. We take care of the entire process to give your business a positive outlook.

When should I review contracts?

You must review contracts well ahead of their expiry dates. You should notify the company if you want any changes or cancellations.

What is the timeline required to negotiate the rates?

It typically takes 3 to 4 months to get a favorable outcome, based on the practice location, demographics, suite of services provided by the practice etc.

Contact Us to Maximize Your Insurance Contracts

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