Insurance Contract Negotiations

The professional help you need to do it right

As you know, every 3-5 years insurance contracts need renewal. A technology based reminder can be sent, but if there’s not someone on top of the negotiating process, you can be faced with a long term barrier to payment. Staff turnover at insurance companies can further clog the pipeline. The result is that it may take as long as 6 months to complete! 

We make complex negotiations simple – and you have the final say

At DocFinancial, our billing manager conducts contract negotiations on your behalf, with your feedback.  We know every company’s strengths, weaknesses, and rates. We can make sure that you get a fair rate and that your chain of payment is secure, transparent and correct. No busy medical group has time for this, DocFinancial does.   

Step by step: insurance contract negotiations with DocFinancial:

  • Six months before renewal date – negotiations begin
  • We discuss your preferred conversion factor per procedure
  • It’s our mission to obtain the highest accepted rates possible for you
  • We are the go-between from your practice or group to the insurance company
  • Negotiate the contract
  • Receive your feedback
  • You sign final contract, we send signed contract to the insurance company
  • We confirm that contract is loaded in the insurance company at the time of renewal

Onboarding new hires in the group – simplifying the process

When a new physician joins your group, our trained professionals make sure the provider’s service address is linked to all facilities and service locations. We help you simplify the process to gain all the documentation needed:

  • Active state medical licenses
  • DEA registration
  • Medical school diplomas
  • ECFMG certificate
  • Residency, internship, and fellowship certificates
  • National Provider Identifier (NPI) documentation
  • Board certification(s)
  • Malpractice liability insurance certification