What should be performed after a payer contract has been agreed upon?

After a payer contract has been agreed upon, communicating the terms of the contract organization-wide is crucial. This communication ensures that all departments and team members who will be affected by or need to implement the contract are informed of the new terms and expectations. When all relevant stakeholders, including billing, coding, and administrative staff, understand the details of the contract, it promotes consistency in processing claims, following reimbursement protocols, and adhering to the agreed-upon rates. This comprehensive communication helps to avoid misunderstandings and errors, ultimately leading to more efficient operations and improved financial performance for the practice.

While notifying executives, filing legal documents, and scheduling audits are important tasks in their contexts, they are not as immediately critical as ensuring that the entire organization is aware of the contract details so that everyone is aligned and prepared to act accordingly.