HOT PRODUCT
Negotiation Position Analysis Report
Turnkey negotiation strategy for the codes that impact your practice’s top-line revenue.
Benefits
- Take the guesswork out of which codes to focus on for negotiations with all the commercial payers in your payer mix
- Validate your assumptions on what fair market rates are for your services using concrete data for your size, specialty, and location
- Get data-driven arguments to support your business case for rate increases for every target code
- Quantify the ROI for renegotiating your current rates
Features
- Suggests a defensible target range for your negotiated rates for the codes that matter most to your practice
- Includes detailed arguments to support your requested rate increase
- Defines a reasonable stretch goal and an absolute bottom floor for what should be acceptable to your practice based on your specific negotiation position
- Factors in your practice volume for each code and suggests strategies to optimize your top-line revenue numbers
How it Works
After a free initial consultation, we will calculate your current market position and do an impact analysis for all your top billing codes. We will review the statistical analysis of your codes together and collectively determine which codes / taxonomies make sense to focus on and why, and determine what the next best steps are for your practice.
The Negotiation Position Report includes a recommended strategy for negotiating with your payer for a chosen code. This comes complete with a target range you should aim for in your negotiations, a realistic stretch goal, and an absolute bottom floor that you should be willing to accept based on your current market position, along with specific arguments to use to support your data-driven business case.