Insurance Contract Negotiation Services
Ask and You shall Receive:
Your suspicions were correct!
Most Payers will offer you bottom of the barrel prices for services. Neolytix can help you negotiate a better contract.
Ask and You shall Receive:
Your suspicions were correct!
Secure Better Rates and Recognition with Neolytix’s Contract Negotiation Services
Neolytix specializes in providing comprehensive healthcare payor contract management to medical providers.
Our goal is to help your healthcare organization optimize reimbursement rates. We’ll navigate the complex landscape of insurance contracts so that you get the reimbursement rates you deserve.
We offer services to many health insurance companies, like UnitedHealthcare, Anthem, BCBS, Aetna, Cigna, Humana, etc.
Payor Contract Negotiation Services
We will closely work with your healthcare organization to create attractive value propositions for each insurance plan. Our experts highlight your unique capabilities, cost-effectiveness, and quality of care, effectively positioning your practice for favorable negotiations. Here is an outline of what you can expect going forward:
We start with a conversation to discuss the status of a medical provider’s contracts to grasp your needs fully. After deliberation, we submit a proposal outlining the process, fees, and plans with timelines going forward.
If you are interested in our services, we will provide you with a list of data and information. This will help you analyze your rates and create a strong proposal.
We compare your organization's rates for each CPT code with Medicare's rates to understand your financial performance in detail.
A detailed offer is made, showing the practice's special abilities and the potential savings for health plans.
The value proposition is submitted to each plan, and the negotiation process begins. We always push for higher rates, providing strong evidence and refusing to accept a negative response.
Neolytix remains dedicated to securing higher rates for our clients despite prolonged delays and obstacles. We tenaciously pursue negotiations until your practice attains the deserved rate increase.
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.
Transform Your Reimbursement Rates
Contact us now to transform your monthly revenue to reflect the high-quality care you provide.
Our Latest Success Stories
Discover how Neolytix has driven remarkable revenue growth for healthcare providers through expert contract negotiation. Our most recent successes showcase the impact of our services, demonstrating substantial gains in CPT codes billed across a range of healthcare practices.Â
Texas
FirstCare
Georgia
Caresource
Texas
BCBS
Neolytix has a top revenue management program to help you get the most value from the care you offer.
Our team is comprised of seasoned professionals with in-depth knowledge of negotiating payer contracts.
Neolytix has been fighting to get medical providers the best reimbursement rates for over 12 years.
Our solutions are designed to align with your practice’s objectives, ensuring maximum financial success.
UnitedHealth Group, Anthem, Aetna, Cigna, Humana, etc. We have negotiated with all the major players in the US.
Neolytix allows you to select the payment option that best suits your goals.
Frequently Asked Questions (FAQ’s)
Here are the most frequently asked questions and answers regarding healthcare payer contract negotiations.
These services provide valuable expertise and industry insights to help medical providers optimize reimbursement rates, navigate complex contract terms and conditions, and secure favorable agreements with insurance plans. By leveraging their specialized knowledge and negotiation skills, these services can significantly enhance financial performance and increase revenue.
The time it takes to negotiate can change based on factors like contract complexity, insurance plan responsiveness, and medical practice goals. Neolytix’s insurance contract negotiation services work quickly to achieve the best outcomes within a reasonable timeframe, regardless of the negotiation timeline.
Absolutely. Our contract negotiation expert work closely with healthcare providers throughout the entire negotiation process. They collaborate with you to understand your healthcare organization’s unique needs, objectives, and contractual preferences. Your input and insights are valued, and you will be kept informed and involved at every step to ensure the negotiation strategy aligns with your healthcare organization’s goals.
Yes, our experts have experience in handling negotiations with multiple insurance plans concurrently. They have the knowledge and tools to communicate with various insurance companies. They understand each plan’s specific requirements, payment rates, and contract terms. These services ensure comprehensive coverage and maximize your practice’s financial potential by managing negotiations with multiple plans.
Not every negotiation will be successful, but companies like Neolytix work to get the best deals for your practice. If discussions fail, we’ll try other ways to improve the contract and payment terms, like appealing or re-negotiating. The goal is to continue working diligently to achieve the most favorable outcomes for your medical organization.
Our services extend their support beyond initial negotiations. They manage and oversee your payment agreements, ensuring they remain competitive and aligned with your practice’s financial objectives. This includes monitoring fee schedules, assessing reimbursement rates, and periodically renegotiating terms. By maintaining an up-to-date and advantageous payer contract, these services play a vital role in sustaining your practice’s financial health and maximizing revenue potential.Â
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