Mastering Payor Contract Negotiation: Strategic Approaches for Maximizing Reimbursement
Event Date:
September 10, 2025
Event Time:
1:00 pm
Event Location:
Online Webinar
Are you looking to enhance your organization’s financial success in today’s complex healthcare landscape? Effective payor contract negotiation is a critical skill that can significantly impact your reimbursement rates and overall revenue. Join our Contracting, Credentialing and Enrollment Expert, David Zetter, CHBC, PHR, SHRM-CP, CHCC, CPCO, CPC, COC, PCS, FCS, CHBC, CMUP, PESC, CMA, to gain valuable insights and practical techniques for maximizing your negotiation outcomes. David will help you with valuable complete and step-by-step process so you can quickly evaluate your payer contracts, identify hidden opportunities, and negotiate to maximize your reimbursements.
This presentation will communicate what it takes to conduct commercial payor contract negotiations. What works, what doesn’t, what the payors are looking for from in network partners and what preparation is needed to conduct successful contract negotiations. Practice’s success depends on the knowing how you can get the maximum return from these contracts– especially considering that about half of your revenue is most likely tied to commercial payer contract fee schedules. Even slight changes to your current process can result in significant increases in your reimbursement and patient referrals.
During this engaging session, our expert speaker will share their extensive knowledge and hands-on experience in navigating the intricacies of payor contract negotiation. They will equip you with the strategies and tools necessary to advocate for fair reimbursement rates while strengthening your relationship with payors. Whether you represent a healthcare facility, medical practice, or other healthcare organization, this webinar will provide you with actionable steps to achieve better financial outcomes.
Educational Objectives:
• How to determine leverage in your contract negotiation and what works and what does not
• How initial contracting is much different than negotiating existing contracts
• Best practices for contract negotiations
• Why do you need copies of all contracts and fee schedules
• Understand that information is power
• What information about your practice is important to communicate in your proposals
• Learn what you need to know about the region, competition and about you and your practice
• How to determine your value proposition is to the payors
Areas Covered in the Session:
- • Initial Contracting vs. Renegotiations
- • Issues with trying to negotiate initial contract
- • Information
- • Operational Costs
- • Value Proposition
- • Health Plan and Strategic Plan
- • Competition and how to compare
- • Possible Leverage for Start-Up
- • Renegotiation
- • Identifying Leverage: Best Practices
- • Research and due diligence
- • Gather copies of all fully executed contracts and all plan fee schedules
- • Comprehensive assessment and analysis of existing contracts
- • Evaluation
- • Reimbursement rates
- • Claims processing efficiency
- • Patient access to services
- • Patient satisfaction
- • Practice’s Needs and Goals
- • Identify and assessing the patient demographics, unique services offered, specialties, and desired reimbursement rates
- • Develop Strong Relationships
- • Regular Dealing
- • Building a resource list of individuals for ongoing business dealings and contract negotiations strategy
- • Open communication and meaningful conversations with key decision makers
- • Building rapport can help foster trust, increase understanding, and facilitate the resolution of potential disputes
- • Maintaining positive relationships for the future negotiations and contract renewals
- • Prepare Comprehensive Data & Documentation: Best Practices
- • Compile and organize comprehensive data and documentation
- • Research on various insurance companies
- • Stay updated on industry trends, regulatory changes, and reimbursement rates
- • Analyzing data to identify trends, cost drivers, and areas of improvement
- • Use visualization tools
- • Insurance companies are increasingly focused on quality metrics
- • Compile and present your practice’s quality measures effectively
- • Commitment to continuous quality improvement
- • Other Considerations
- • ERISA Law
- • Medicare
- • State Laws
- • Highlight Cost & Efficiencies
- • Address Provider Network Adequacy
- • Leverage Technology and Data Analytics
- • Engage in benchmarking
- • Federal and state laws
- • Initial Communications & Steps
- • Explain process to the practice
- • Submit proposal with scope of work
- • Information & Documentation Request (IDR)
- • Obtain read-only access to claims data or data dump
- • Perform analysis on claims data
- • Perform mini revenue cycle assessment
- • Complete fee schedule analysis
- • Complete notations on analysis and assessment
- • Meet with practice to review findings
- • Proposal Development
- • Proposal should be in written format
- • Approved by practice
- • Contain all key elements
- • Make notes of what requested items you would be willing to sacrifice to obtain what you really want
- • Recognize in advance if you are willing to terminate contract and participation
- • Include staff in obtaining information
- • Ongoing Follow-up
- • Process can be quick or very slow
- • Not all contract managers operate the same
- • Have alternative contacts at the carrier to assist
- • Document all conversations, phone calls, emails, faxes, secure email, and text messages
- • All communications should end with the next expected communication, date or timeline
- • Obtain the most important documents in a medical practice
Who Will Benefit:
• Healthcare CEOs
• Healthcare CFOs
• Healthcare COOs
• Office Managers
• Administrators
• Billing Staff and Companies
• Physicians and Other Providers
• Healthcare Consultants
• Compliance Officers
• Physicians
• Nurses
• Practice Manager
• All Practices
Presenter Biography:
Event Timelines
Pre-Event Setup (12:45 AM - 1:00 PM)
Open webinar room early for setup
Start of Webinar (1:00 PM - 2:00 PM)
Welcome & housekeeping notes (5 min) | Introduction of speakers (5 min) | Speaker presentations / panel discussion (30-60 min) | Live Q&A Session (10-15 min)
Post-Event Wrap-Up (2:00 PM - 2:10 PM)
Thank speakers and attendees