This PT practice owner just renegotiated her contracted rate with MultiPlan. See what she has to say:
“Great news! We renegotiated rates with Multi Plan from 87% to 110% of the fee schedule! We used IndeFree’s “Renegotiation Letter”, addressed the right people, personalized the letter… Thank you James! -Lilly Bojic, DPT, LillyPT.com
The secret to successfully renegotiating your contract rate is:
1 You must follow a certain sequence of actions
2 Know what to say in the request letter
3 Send it to the right person
4 Then know who else to “Cc” the request to, and
5 (Believe it or not) Learn ONE secret social media post to make that dramatically increases your chances
Most practice owners don’t even try. And that’s exactly what the insurance companies are hoping you’ll do…stay silent.
You know the saying,…
“If you never ask, you’ll never GET.”
The reason why most practice owners never even try is because they have these misconceptions:
- It’s too much work.
- “They’ll never pay me more anyways.”
- “I’m too busy”
(It sounds much like a disgruntled employee don’t you think?)
Here’s what it means to just get ONE of your contracted rates increased:
I’m not saying you’re going to win in every renegotiation but what if you were to get just one increased by 20-30%?
And if that contract was 30% of your business, the typical clinic would make an extra $40k to $50k more per year!! (and that’s just an average clinic).
It doesn’t hurt to try wouldn’t you say?
Especially since it only takes 20-minutes of your time and 40-min of your admin assistant’s time (one-hour total).
Would that be worth an extra $40k to $50k per year?
I think every practice should at least ASK don’t you think?
That’s why I will be showing you the EXACT method to successful renegotiation at the Private Practice Secrets 2.0 Conference in Maui.
This method has gotten many practice owners increased rates across the country over the past 3 years.
You might be hesitant about the travel to Hawaii, especially if you live on the East Coast, but the return on your investment is huge. And, if you miss this one you may not ever get a chance again since we only do this annually.
So I encourage you to come LEARN and PLAY…Because you will definitely be happy after learning these secrets.
I know you are not happy with your rates so don’t just sit there and do nothing.
And if some of the insurances don’t budge, I’ll show you how to “drop em like a bad habit” and REPLACE them with a much better paying channel!!
You gotta get rid of the bad in order to make room for the GREAT!
If you’re undecided, here are some other great reasons to take this important step towards independence and freedom. Learn about the bonuses.
And if you missed my last email on “A Quick Tactic to Fill Empty Slots in Your Schedule”, don’t worry just click to read.
Join me in Maui, you’ll be super glad you did. I 100% money-back guarantee it.
James Ko, PT
“Empowering Independence & Freedom for PT/OT’s”
P.s. Remember, Prior Attendees have a chance to attend for only $100 and new registrants can get a huge discount if you act fast. Learn more here.