One way to secure more revenue for your practice during this economic downturn is to focus on the reimbursements that you can control. Like any business, focus needs to be on increasing revenue and decreasing expenses. An easy way to do this is by negotiating your insurance fee schedules. You can typically see a 10%-12% increase in your net insurance fee schedule which yields a substantial increase in revenue. You should be seeking increases from every insurance company annually. Some make you sign two year contracts but this needs to be an area that you pay close attention to. With this economy you have to go after every dollar and this is money that you are leaving on the table.=
