It’s on us as practitioners who take insurance to be assertive and request fair reimbursement rates……………….
My group practice is in network with a handful of insurances. I make it a priority to communicate with insurances about fee increases each year (from the time of last request or increase).
Last year, I was able to get an increase with all but one insurance (which I unpaneled with) and all but one EAP (which I unpaneled with as well). Most of these increases were upward of $15 per CPT code. Not too shabby. Just think, even small increases every year or two will add up. And if an insurance company denies an increase, it’s the perfect time to review your cost/benefit analysis to being paneled with that insurance (a blog post for another day).
It’s on us as practitioners who take insurance to be assertive and request fair reimbursement rates. Not only does that help your clinicians get a raise, it also increases your business revenue. Even more, we deserve fair compensation. So, if you feel financially slighted by an insurance company, get Word out and start typing! Download my fee increase request form below. Good luck!
Requesting a Fee Increase with Insurance Companies | The Group Practice Exchange
RiskManagers.us is a specialty company in the benefits market that, while not an insurance company, works directly with health entities, medical providers, and businesses to identify and develop cost effective benefits packages, emphasizing transparency and fairness in direct reimbursement compensation methods.
