Neolytix specializes in providing comprehensive insurance contract negotiation services to medical providers.
Our goal is to help your healthcare organization optimize reimbursement rates and navigate the complex landscape of insurance contracts so that you get the reimbursement rates you deserve.
Neolytix contract negotiation services extend to most health insurance companies, including UnitedHealthcare, Anthem, Blue Cross Blue Shield, Aetna, Cigna, Humana, etc.
We start with a conversation to discuss the status of a medical provider’s contracts to fully grasp your needs. After deliberation we submit a proposal outlining the process, fees and plans with timelines going forward.
After you have indicated interest in our services, we provide you with a checklist of data points and information required to analyze your rates and develop a compelling proposition.
We compare your practices' allowable rates for each specific CPT code with Medicare's rates to gain a detailed understanding of your financial performance at a granular level.
A comprehensive value proposition is crafted, emphasizing the distinct capabilities of the practice and the potential cost savings for the health plans.
The value proposition is submitted to each plan, and the negotiation process begins. We persistently advocate for an increase in rates, presenting a compelling case over time and don’t take no for an answer.
Neolytix remains dedicated to securing higher rates for our clients, even in the face of prolonged delays and obstacles. We tenaciously pursue negotiations until your practice attains the deserved rate increase.
Neolytix offers the most comprehensive revenue management program in the industry to help you maximize the value of the care you provide. Our team is comprised of seasoned professionals with in-depth knowledge of insurance contract negotiations. We bring 11+ years of experience to the table, empowering your healthcare organization with proven strategies and insights.
Years Experience
Neolytix has been fighting to get medical providers the best reimbursement rates for over 11 years.
Tailored Approach
States Served
Insurers
UnitedHealth Group, Anthem, Aetna, Cigna, Humana, etc. We have negotiated with all of the big payers in the US.
Fee Options
Neolytix provides healthcare providers with the option to choose a fee structure that best suits their needs. Below you can see the difference between Fixed and Incentive-Based fee structures.
Our upfront fee includes all the work and time required for our services. Regardless of the duration of negotiations, which may span months, involving numerous calls and countless emails, with no additional charges for extra hours.
The fee is determined based on factors such as the specialty, practice size, and the number of plans to be negotiated.
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