Nelson Hardiman - News

NEWSROOM

April 21, 2020

Ten Things You Can Start Doing Today to Improve Your Commercial Reimbursement Success

This presentation provides a “Top Ten List” of concrete strategies, tools, and approaches that attendees can implement right away to maximize reimbursement for services rendered, whether to polish the books in anticipation of a transaction or simply to generate additional cash flow going forward. See the article written by the presenters on March 30, 2020, “Maximize Your Cashflow During COVID-19: Four Things You Can Do RIGHT NOW”.

Session attendees will gain a broad understanding of common pitfalls and target areas of concern for addiction treatment and recovery providers in obtaining payment from commercial insurance companies. Session attendees also will be well-positioned to survive and even take advantage of the wave of denied and underpaid claims that are likely to result from the COVID-19 crisis.

The healthcare landscape is changing rapidly and addiction treatment and recovery providers that fail to develop a proper reimbursement roadmap will be at a severe disadvantage.

Key Takeaways

  • A practical “nuts and bolts” approach to commercial insurance reimbursement that will provide the tools and approaches for reimbursement success.
  • An improved ability to identify “low hanging fruit” within the broader orchard of commercial reimbursement A/R that can be collected more quickly and efficiently in order to present the best financial picture possible to a potential acquirer.
  • A more thorough understanding of the pros and cons of escalating a reimbursement dispute to an outside attorney, and when actually filing a lawsuit may be beneficial or necessary to obtain payment for services rendered.
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