Solutions

Providers

Negotiate better rates with HexIQ. We’re stepping into a brighter, more transparent phase of healthcare. The Transparency in Coverage (TiC) Rule requires all insurance companies to share all negotiated rates publicly.

Journey Map

STEP 1

Benchmark your data

STEP 2

Find all your peers

STEP 3

Renegotiate your rates

STEP 4

Identify new competitors

STEP 5

Explore new offerings

Step 1

Benchmark your data

Using HexIQ’s “Reports” you can benchmark rates for any code of interest against other practices in your area and specialty. No need to download large data files and create pivot tables–our tool makes it easy to see how your practice compares to others in your specialty and region.

Step 2

Find your peers

Once you know where your practice stands, you can investigate what other practices have negotiated. Gain insights into what practices around you are doing.

Step 3

Renegotiate your rates

Once you understand the landscape, you can go into negotiations prepared to ask for the rates you deserve. Payers might claim that your practice is already getting reimbursed at the maximum rate, and you will be able to identify any misinformation.

Step 4

Identify new payers and competitors

With the HexIQ Platform you can easily decide if you are interested in contracting with new payers. You can also use the tool’s Network page to find other practices offering the same services. Many clients have uncovered previously unknown competitors with our Network page.

Step 5

Explore new offerings

Considering investing in a device or expanding your service offering? With HexIQ’s data you can quickly calculate what the return on investment might look like.