Written by Reed Tinsley |
August 24, 2005
Simply put, you need to start a program of trying to renegotiate all of your managed care contracts (I suggest doing them all at once). My viewpoint has always been the same on this issue:
1. You never know about success in managed care negotiation until you try;
2. The negotiation process allows you to see payer attitudes towards your practice;
3. The negotiation process will provide you with details about what you need to do to position your practice for contracting success in the future.
About the Author
Reed Tinsley CPA
This article is written by Reed Tinsley, a Houston, TX-based CPA with over 30 years of experience advising physicians and medical practices across Texas and the United States. Reed holds certifications as a Certified Valuation Analyst (CVA), Certified Healthcare Business Consultant (CHBC), and Certified Financial Planner (CFP), specializing exclusively in the healthcare sector. He is a published author, nationally recognized speaker, and trusted advisor to physicians on
accounting & tax,
practice management, and
financial planning.
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