Negotiate Fee Increases with Insurance Companies
DENmaar offers a range of services for the behavioral healthcare specialist , among them the assistance in pursuing a higher reimbursement rate . If you have been stuck at an underwhelming dollar it may be time to negotiate the rate to a higher amount . Depending on the practice there may be a variance in the reimbursement rate when compared to similar services . There may also be an advantage to add codes for services performed but not covered in your contract. This would be a good time to add them to your fee schedule .
Show Your Specialization
Insurance companies are looking for coverage either geographically and / or by the value you bring to their network . For example, being a bilingual provider is always an advantage that insurance companies are looking for that an insurance company would be looking for. That may strengthen your position when negotiating for a higher fee .
Quantitative data
The CPT codes that you will want to negotiate , rates from other insurance companies and a target increase . An increase of 5-10 % is a very reasonable request that an insurance company will take seriously . The more information provided to support the request the better .Negotiating as a percentage of Medicare would be another way to state your position , as commercial insurance companies typically set their fees comparable to the Medicare fee schedule .
How can DENmaar Help?
We will be your advocate in the negotiating process. We will help in determining which insurance plans may be best to request a rate increase. Our specialization is with behavioral health services, we can only negotiate rate increases for providers and organizations in this field. DENmaar can help you with composing a letter using your provider relations to negotiate the best rate for you. On the other hand, we can help issue a counter appeal to negotiate a rate increase on your behalf. We can provide you with a sample letter of our negotiation tactics to give you a taste of our often successful strategy. There is no guarantee that reimbursement rates will be increased, however, we can create a proper strategy with measurable data that will increase the chance of success.
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