Wiki Re-negotiating contracts

[smobleybraun]

Hi All,

Our practice is taking bids from outside groups to re-negotiate our contracts with insurers. We have one company telling us they can increase our reimbursement by 50% and another by 7-10%. Does anyone know what is more realistic? Our contracts haven't been re-negotiated in years, and while I think there is a lot of room for increased reimbursement, 50% sounds inflated.

Thanks in advance!

 

[tpontillo]

my opinion is 50% sounds unrealistic. I would verify references before even considering them. When I was doing contracting for a physician's office it was difficult to get the insurances to pay 100% of M'care allowable. Most pay 70-80% of Medicare allowable. That also depends on the area you are in.