Insurance Contract Negotiation

Insurance Contract Review

An integral, yet often overlooked, area of practice management is Insurance Contract Review. Why is it overlooked?

"It's too long and difficult to read!"

"I need time to concentrate on it without interruptions, and I just don't have the time!"

"I'm contracted with too many carriers to go through all of them!"

"I don't even know where my insurance contract is!"

All valid reasons for not reviewing your insurance contracts, yet without this information it's hard to know if you are being paid correctly or not!

How much money are YOU leaving on the table?

Every penny that is legitimately due you but left unpaid, or under-paid, represents another penny that represents 100% profit to the insurance payers!

The only way to effectively negotiate with the insurance companies for better rates and conditions is to know where you are - before you can negotiate where you want to be.

QS2 Medical Billing & Consulting's Contract Review team can review your contacts and provide you the information needed to understand your relative position with each carrier. With a wealth of experience in contract review, QS2 Medical Billing & Consulting's Contract Review team can also provide suggestions based on knowledge of the industry, each payer, and similar practice positioning to enable you to negotiate from a position of strength and knowledge.

Insurance Contract Negotiation

You've done your homework. You've reviewed all your contracts. You've compared them to industry standards for your discipline. You know where you stand and where you want to be. Now you face the daunting task of dealing with the insurance companies directly - a situation they may (almost by definition) be confrontational - or become confrontational.

  • Where do I start? How do I approach this? Which one should I contact first?
  • What's the best way to present my requests to secure an agreement?
  • What if I 'rock the boat' and they want to lower my reimbursements?
Wait. I've never done this before!

All valid concerns, but you have an alternative! QS2 Medical Billing & Consulting's Contract Negotiation team with it's' 25+ years of contract negotiation experience with all Arizona carriers can assist in developing a plan to set goals, collate all necessary information, prioritize that information, and properly deliver it to ensure the best terms for your Practice!