* This session is included in the 2025 MGMA Summit education program.
In today’s challenging healthcare landscape, provider reimbursements are declining while administrative costs continue to soar—accounting for an estimated $735 billion in 2024 alone. For many practices, negotiating fair contracts with payers is time-consuming, complex, and often ineffective. Without the right data and strategies, providers struggle to secure the rates they need to remain financially viable.
This session will explore how digitizing payer contracts can unlock new revenue opportunities and streamline negotiations. By leveraging comprehensive data analytics, practices can turn payer data into dollars, ensuring they receive competitive reimbursements while reducing administrative burden. Real-world case studies will highlight how healthcare providers have successfully increased contract rates by as much as 22.4%, transforming stagnant agreements into revenue growth opportunities.
Join us to discover how modern contract management strategies can empower your practice, improve financial outcomes, and help you take control of your payer negotiations.
Learning Objectives:
Identify the key financial challenges in payer reimbursements and understand how administrative costs impact overall practice profitability
Describe how to leverage data analytics and digital contract management to negotiate higher reimbursement rates with payers
Apply real-world strategies and case study insights to optimize payer contracts, increase revenue, and improve financial sustainability for your practice
