Is your practice getting the reimbursement it deserves?
Many practices think they can only watch as their reimbursement rates
tumble; but with the right information, reimbursement can often be successfully renegotiated.
With your participation, The Center for Healthcare Reimbursement can compare your reimbursement to the reimbursement of other practices in
your area and specialty. You will then receive a free Practice Summary
Report that will provide a snapshot of your practice reimbursement as compared to our benchmarks.
Our report is specifically-designed to show how much your practice is
losing with its current reimbursement schedule along with the number of codes performing below average.
The report also shows:
Total Revenue loss for the practice
The dollar amount of reimbursement loss by carrier
Practice revenue loss by carrier
Patient volume compared to reimbursement loss
Total loss compared to the best-paid practices in your market
What if I'm losing money?
If the summary report shows you are losing money, you may want to
negotiate new rates with your carriers. Only you can decide if a new contract
is the appropriate next step; but if that is what you decide, then you will want
to be armed with the information provided in the Center for Healthcare Reimbursement's Practice Reimbursement Profile. This report provides a detailed analysis of your reimbursements by code and by carrier.
For only $895 (primary care), your practice will receive all of the information
in the Practice Summary Report, plus:
Dollar amount of reimbursement loss per code per transaction by carrier
Annual dollar amount of reimbursement loss per code by carrier
Carrier reimbursement by code compared to market average for your specialty and market
Summary Carrier Report Card
Detailed Carrier Report Card
Carrier Reimbursement by code compared to Medicare
All information is compared to benchmarks based on what other practices,
in your area and specialty, are paid by their carriers.
How will this help?
Negotiating higher reimbursement is possible, provided you are armed with the proper information. You may be able to negotiate reimbursement increases if you can demonstrate inequities using the data in your Practice Reimbursement Profile.
Need help negotiating?
If you need help negotiating, it is typically wise to start with relationships that already exist with your practice, such as a CPA, lawyer or practice consultant. However, if you do not have those relationships, or if those people are not experienced in the area of reimbursement, we can help.
The Center for Healthcare Reimbursement partners with Dean, Dorton &
Ford, who offer reimbursement negotiation services for medical practices.
This company fully understands the intricacies of reimbursement and works
to ensure their clients are reimbursed appropriately. Regardless of whom
you work with, the Center for Healthcare Reimbursement provides the comprehensive reimbursement analysis to help ensure your practice is compensated fairly.
