Precision Medical Products
Getting into Closed Networks
California durable medical equipment (DME) provider secures high-priority agreements with payors that significantly increase patient access
Provider Type: DME
Specialty: Deep Vein Thrombosis (DVT) Prevention Products
Headquarters: Rocklin, CA
What Precision Medical Products Says about PayrHealth
PayrHealth has been a pleasure to work with in DME contract acquisition. The regular contact, both with us and the payor(s) that they negotiate with, as well as the transparency and access to updates on each ‘target’ has been paramount. Their ability to keep pushing beyond the usual “panel closed” response has allowed them to secure prime payor contracts for our company. Thank You!
Chief Revenue Cycle Officer
Precision Medical Products did not have the dedicated resources necessary to commit to payor contracting. They intended to outsource the challenging process in order to obtain agreements with the major payors in their region. Their top priority was to contract with three large commercial payors who had previously indicated to them that the networks were “closed.”
Precision Medical Products joined forces with PayrHealth to create a path into the top payors in CA. Heathcents utilized their payor contact database to appropriately escalate requests to access the network and secure meetings with three of Precision’s priority targets.
By enlisting PayrHealth to assist with their payor contracting, Precision Medical Products obtained new contracts with major payors who typically have closed networks. They were able to gain access to new patients and saw increased revenue. Precision Medical Products was with PayrHealth from 2018-2019.
with Top payors
About Precision Medical Products
Precision Medical Products provides the nation’s leading non-pharma take-home DVT preventative product, technology, and service to all patients who are at-risk post-surgery. They provide seamless home delivery of rehabilitative spine and orthopedic bracing and compression units.