Payer Negotiations in the new Healthcare Environment: how to Prepare for and Succeed in a Value-Based World
Howrigon, R.
Journal of Medical Practice Management Mpm 31(6): 354-356
2016
ISSN/ISBN: 8755-0229 PMID: 27443057 Document Number: 688117
Because of their involvement with the Affordable Care exchanges, the national insurance companies have reported significant financial losses. As a result, there will soon be significant payer pressure to reduce medical expenses. To succeed in future negotiations with the payers, medical practices must understand the needs of the payers and then play to those needs. The author is a former managed care executive with more than 25 years of experience managing provider networks and implementing payer strategies for some of the largest payers in the United States. In this article, he outlines important things medical practices should be doing to prepare for the new world of value-based contracting. Medical practices that embrace this change and work hard to evolve with the future are the ones that are going to survive and succeed.