
06/04/2025
Profiting from HMO Partnerships: Minimizing HMO Debt Burden - Part One
Welcome! We kick off our series on minimizing HMO debts.
Get ready to learn how to secure early payments from your HMO partners!
BEFORE SIGNING
Step 1: Know Thy HMO
- Research the HMO's payment history and reputation; don't rush into signing that contract!
- Review their financial stability and creditworthiness; beware of red flags.
- Don't hesitate to ask tough questions – it's like courtship; get to know them before committing.
Step 2: Negotiate Like a Pro
- Clearly outline payment terms, schedules, and methods; take the driver's seat.
- Define dispute resolution processes; know your rights.
- Establish open communication channels; identify key contacts for quick resolutions.
Key Considerations:
- Consider involving your lawyer to demonstrate professionalism and strength, deterring HMOs with unhealthy motives.
- Already have an unfavorable deal with the HMO? Renegotiate using the steps above.
- Hiring an HMO expert can help secure an excellent deal.
That's all for now. Join us next week for Part Two!
https://www.linkedin.com/posts/kelechi-duru_healthcare-healthinsurance-managedcare-activity-7263479626180481024-iRTu?utm_source=share&utm_medium=member_android&rcm=ACoAAAnoKqUBEUiCJ9Z3cDYpHpGLoT2I1zsow8Y