Spectrum Management Services Company’s Post

One of the reasons our clients hire us is becuase of our ability to find revenue in overlooked places. Our payor contracting experts evaluate contract language to identify problematic policies and terms. We then provide clients with a detailed analysis that identifies immediate and longer-term opportunities for revenue enhancement. Could your practice use a revenue boost? Visit https://lnkd.in/giPVk6Dw to learn more. #healthcaremanagement #payorcontracting #healthcare #negotiations #practicemanagement #payor #healthinsurance

One of the reasons our clients hire us is because of our ability to find revenue in overlooked places. Our payor contracting experts evaluate contract language to identify problematic policies and terms. We then provide clients with a detailed analysis that identifies immediate and longer-term opportunities for revenue enhancement. Could your practice use a revenue boost? Visit https://lnkd.in/eBeii7dF to learn more. #healthcaremanagement #payorcontracting #healthcare #negotiations #practicemanagement #payor #healthinsurance

Pending payments over 120 days would limit your ability to pay employees, suppliers, and essential expenses. It would even harm your credibility with suppliers and partners.   What percentage of your accounts receivables are older than 120 days? Under 12% 12% to 25% Over 25% Not Sure   #MedicalBilling #RevenueCycleManagement #PatientExperience #RegulatoryCompliance #InnovativeBilling #homehealthagency #homehealthbilling

Having a #paymentintegrityvendor that has staff with experience working on the payor side is a key to success. #MultiPlan explores this and other factors that make #healthcare #paymentintegrity vendors successful > https://ow.ly/p43q50Pioob   #healthplan #healthcarepayor

From aged #AR to underpaid claims, many #homehealth agencies fail to understand the financial impact payor contracts can have on billing processes and bottom lines. In our recent #blog with Rachael Feeback, senior product manager, we explore three ways to optimize these agreements: https://bit.ly/3Uz2acZ

💡 #Healthcareplans Looking for easy and efficient ways to negotiate contracts strategically? 💡 Our granular level #reimbursement data insights are easy to access and highly customizable based on your specific project. 💡 Lets discuss arming your contracting team with actionable insights. ☝ ☝ ☝ Click the link under my name/title to book an appointment. #networkmanagement #revenuecyclemanagement #payer #pricing #contracting teams #payer #payers.

Struggling with B2B Accounts Receivable? You're Not Alone. Inefficient AR processes can strangle your cash flow and hinder growth. Here are some tips to streamline your collections and get paid faster: www.life-eff.com - Streamline invoicing and communication methods. - Review your collections strategy regularly. - Track and Manage your DSO and collection rates at least monthly. Late payments impact cash flow and the ability to properly manage a business What are your biggest challenges with accounts receivable?"

"Highlighting the crucial importance of Payor Contract Renegotiation in today's evolving healthcare landscape. Ensuring fair compensation and sustainable partnerships is key for healthcare providers to deliver quality care. In todays world where Payors are continously getting stringent on Lower Fee Schedules, It is important to emphasize over the significance of Payor Contract Renegotiation in healthcare. It's vital for providers to adapt to changing dynamics, ensuring equitable terms that support quality care delivery and financial sustainability. #HealthcareNegotiation #PayorContracts" To learn more on Payor Contracting and Payor Contract renegotiation write to [email protected]

*Managed Care contracts are one of the most important drivers of a healthcare organizations financial reimbursement, cash flow and profitability. *Contracting is affected by every department in your health care organization from business office to supply chain cost to utilization review practices. *Implementing and including strategic contract language can dramatically improve your revenue stream.   *Successfully negotiating a Payor agreement can take a considerable amount. Do you want staff takings time away from daily duities? *UNDER-VALUING Payor Contracting role and failing to clarify certain payment terms will lead to long term financial problems.  

💡 Do you know? The timing of client payments is crucial for your cash flow. Let's unlock the potential in your accounts receivable! #CashFlowManagement #DPMInsights 🗝️ 📲067 686 1734 📩[email protected] 🌍www.dpmsolutions.co.za #medicalbilling #healthsystems #health #accounting #medicalpractice #healthcare #doctors #Bloemfontein