HexIQ is proud to partner with MGMA to disrupt the status quo in healthcare through data transparency. This collaboration provides MGMA members with exclusive access to a wealth of negotiated rate data, transforming how medical practices operate and negotiate with payers.
Unlock the Power of Data with MGMA Rates Powered by HexIQ
As part of your membership benefits, MGMA members gain access to free benchmarking tools, comprehensive tutorials, and HexIQ's dedicated customer support. Datasets tailored to every medical specialization are readily available, ensuring relevance and applicability to your practice. Moreover, your MGMA membership entitles you to significant discounts under the MGMA Savings+ program.
MGMA members automatically have access to several of the most common Evaluation & Management (E&M) codes as part of your membership. This includes code 99214, one of the most frequently billed office visit codes. Members also receive a 20% discount on additional codes and specialty bundles, making it easier to access the data that matters most to your practice.
Navigating the Transparency in Coverage Rule
The Transparency in Coverage (TiC) Rule mandates that commercial payers publish every rate they've negotiated for every provider and every code in every service setting. While this rule is a significant step toward transparency, the sheer volume of data can be overwhelming. MGMA Rates powered by HexIQ bridges this gap by making TiC data not only accessible, but also understandable for healthcare leaders.
Empower Your Practice with Actionable Insights
With access to this comprehensive data, MGMA members can:
Enhance Contract Negotiations: Empower your practice by referencing specific reimbursement rate data during negotiations with payers. Understand precisely how much others are being reimbursed and use this information to strengthen your bargaining position.
Monitor Real-Time Benchmarking: Keep track of changes to your benchmarked ranking for negotiated rates in real time. Stay informed about how your rates compare within the industry and adjust your strategies accordingly.
Use Data to Drive Your Payer Mix: Determine which insurance plans to participate in by comparing rates for your top revenue drivers. Make informed decisions that align with your financial goals and patient care priorities.
Why Choose HexIQ and MGMA Rates
In an industry where information is power, HexIQ and MGMA are committed to providing healthcare leaders with the tools they need to succeed. Our partnership combines MGMA's extensive network and industry expertise with HexIQ's innovative data solutions.
Dedicated Customer Support: Our team ensures you get the most out of the data, offering assistance from onboarding to ongoing support.
Tailored Data Solutions: Access datasets specific to your specialization, ensuring that the information is relevant and actionable.
Exclusive Member Discounts: Benefit from significant savings on additional codes and specialty bundles through the MGMA Savings+ program.
You know how much you're worth—now get the data to prove it.