1.  Know how much  it really cost you to see a patient. Divide your annual operating costs  plus the physicians wages by the number of patients you see each year. That’s the number you need to know.
  2. Analyze payer performance.  Look at your top 10 CPT codes and how the  five  highest volume payers are reimbursing for those codes.  It the average on those top 10 codes does pay above the cost to see a patient you need to negotiate a better deal or drop the contract and see patients out of network.
  3. Develop strong relationships with  payers: Y our provider relations person can  help you get to the go to person for negotiating a contract that works. 
  4.  Understand what a payer wants from you – Better access, getting patients better quicker and patient satisfaction!

Capko & Company – We are on your side  and will help your medical practice shine!

 

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