Getting your practice paid fast

Hey there folks, my name is Keith Reynolds, I’m the editor of Physicians Practice and this is the P2 Management Minute. Here are two moves to get paid faster starting now.

1) Analyze your own data first

Pull 12 months of claims and sort by CPT code, volume, revenue, and denial reason. Compare each payer’s allowable to Medicare’s benchmark. If Payer A pays 18% less than Payer B on your top five procedures—and denies 99214s twice as often—you’ve got hard numbers to anchor the conversation.

2) Enter talks with a specific proposal

Payers rarely volunteer better terms. Bring a one-page term sheet: the exact percentage increase you want on high-volume codes, plus an automatic annual escalator—tie it to CPI-U +2 so inflation doesn’t erase gains. Add KPI expectations (first-pass rate, appeal turnaround) and an effective date. Make it easy to say yes.

Lead with your data, ask for precise terms, and speed up your cash. For more bite-size practice tips and tricks make sure you visit PhysiciansPractice.com.

Thanks for watching I’ll see you tomorrow on the P2 Management Minute!

About the P2 Management Minute

The P2 Management Minute is a fast-paced video micro-series from Physicians Practice that distills proven management strategies into bite-size, one-minute episodes for busy medical practice administrators and lead physicians. Each installment spotlights high-impact tactics—drawn from real-world best practices and expert insights—that administrators can apply the same day to boost efficiency, strengthen patient satisfaction, or elevate staff engagement. No theory, no fluff; just concise, actionable guidance that respects tight schedules and delivers measurable results between appointments.

Record your own!

Interested in stepping in front of the camera to share a quick tip of your own, or have a suggestion for a topic we should spotlight in an upcoming P² Management Minute? We’d love to hear from you. Whether it’s a proven strategy for streamlining workflows, a clever morale-booster, or a hard-won lesson on patient engagement, your insight could help peers across the country elevate their practices in just 60 seconds. Drop Keith a note at kreynolds@mjhlifesciences.com with your idea—or, better yet, a brief outline or smartphone video sample—and we’ll walk you through the simple submission process. Let’s collaborate to make every minute count for the medical community.

Keith A. Reynolds is the editor of Physicians Practice and wants to know what practice issues are keeping you up at night. You can let him know at kreynolds@mjhlifesciences.com.