Contracting
What is Contracting?
Contracting: Establishing agreements between providers and payers to define reimbursement and payment terms.
Why Choose Halo for Credentialing?
Expert Negotiation
We secure the best possible reimbursement rates and contract terms with payers.
Faster Approvals
Reduce delays and streamline the contracting process for quicker enrollment.
Comprehensive Management
From paperwork to follow-ups, we handle everything for you.
Regulatory Compliance
Stay aligned with industry standards and avoid contract-related pitfalls.
How It Works:
Negotiating reimbursement rates for services.
Defining the terms and conditions of payment.
Establishing the provider’s participation in a payer’s network.
Benefits
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To establish a financial relationship between providers and payers.
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To ensure providers receive payment for their services.
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To define the parameters of service delivery within a payer's network.
How are Credentialing and Contracting Interrelated?
Credentialing is often a prerequisite for contracting. Payers want to ensure that providers they contract with are properly qualified.
A successful credentialing process paves the way for a smooth contracting process.
Essentially, Credentialing proves the provider is capable, and contracting establishes the business terms of how that provider will be paid.
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