Most payer contracts are signed once and left untouched for years. The reimbursement rates in those contracts were set at the time of signing and do not automatically increase to reflect rising practice costs, inflation, or changes in what the market supports. A contract that was reasonable five years ago may now be paying below […]
Contract Analysis, Contract Negotiation, Contract Renewal Date, Reimbursement, Renegotiating Contracts
Healthcare providers often find themselves navigating two critical but distinct processes when establishing relationships with insurance companies and healthcare networks: credentialing and contracting. While these terms are frequently used interchangeably, they represent separate phases in the provider enrollment journey, each with unique requirements, timelines, and outcomes. Knowing the difference between credentialing and contracting is essential […]
Contract Negotiation, Contracting, Credentialing, Credentialing and Contracting, Credentialing Challenges, Credentialing Documentation, Credentialing Software, Credentialing Technology, Payer Contracting
Key Takeaways Healthcare providers run into the same wall over and over when negotiating and managing contracts with insurance companies. Solo physicians and massive hospital networks both feel it, just at different scales. The friction comes from a few consistent sources: unequal bargaining power, hidden rate data, mountains of paperwork, and a fragmented insurance market […]
Contract Negotiation, Practice Management, Provider Credentialing, Reimbursement Rates, Revenue Cycle Management
Healthcare providers often view credentialing and contracting as separate administrative hurdles they must clear to start practicing. While these processes might seem distinct on the surface, they’re actually two sides of the same coin, both essential components of establishing a viable healthcare practice. Knowing why both are necessary, and how they work together, can save […]
Contract Management, Contract Negotiation, Credentialing and Contracting
Behavioral health providers face unique challenges when it comes to payer contracting. The landscape has grown increasingly complex, especially as mental health parity laws have evolved and the demand for behavioral health services has surged in recent years. Let’s dive into the intricacies of behavioral health payer contracting and explore what providers need to know […]
Behavioral Health Payer Contracting, Contract Negotiation, Contracting Fee Schedule, Fee Schedule Negotiation, Fee-for-Service, MHPAEA, Value-Based Care Models
So, it’s that time again. Your payer contracts are up for renewal and you need to renegotiate. Maybe you’re feeling like the reimbursement rates they’re offering are way too low. Or the administrative burdens and preauthorization requirements have gotten out of hand. Whatever the reason, you know you need to go back to the negotiating […]
Contract Negotiation, Contract Renegotiation, Fee Schedule Negotiation, Rate Negotiation