Blogs
MARCH 2025
Renegotiating Payer Contracts: A Game Changer for Your Practice
Did you know that a recent survey showed that nearly 40% of medical practices don’t negotiate payer contracts?
However, those who do often see significant financial benefits. We have seen firsthand the positive impact of renegotiating payer contracts for our clients.
Some of our recent results:
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increase in reimbursement for practices renegotiating with key payers and enrolling with local IPAs
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increase in reimbursement rates for certain specialties within the same practice
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average increase in reimbursement from commercial payers
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year-over-year revenue increase from renegotiated contracts
These results are not isolated—regularly revisiting payer contracts can offset your rising expenses and drive revenue growth. If your practice isn’t actively engaging in this strategy, you could be leaving money on the table.
We know that the financial outcomes of renegotiation can vary widely but ALL are worth pursuing.
The first step is to organize your contracts and understand what you are getting paid, the terms of your current agreements, then go after those raises you deserve.