It’s no secret that as medical billing has become increasingly complex over the past decade, the contracts of third-party billers have followed suit. What used to be fairly standard agreements totaling a few pages have since evolved into lengthy documents littered with clauses that often seek to minimize the biller’s liability while also maximizing their profits. And while those should be the goals of any scrupulous business, that doesn’t necessarily mean there aren’t some billers who are squeezing their clients a bit harder than others.
“There’s now a lot less risk in these contracts on the biller’s end,” says Mick Raich, President of Vachette Pathology. “It used to be if a biller screwed up, they’d pay for it. Now, they’re taking steps to limit their risks.”
So, what steps should a medical group or practice be looking for when searching for an external partner to assist with their billing operations? Fortunately, Vachette has nearly 20 years of experience in helping our clients find and negotiate a contract with the biller who is right for them. We assist in every step of the process beginning with building a strong request for proposals, right up to signing on the dotted line.
To offer a better idea of what specifically we look for when negotiating these agreements, this white paper will offer a blind comparison of six prominent billers throughout the United States.
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