Resources
May 6, 2025
How Health Systems Are Using Data to Strengthen Payer Negotiations
Shen Lu, CPO @ IrisMed

Using Data to Strengthen Payer Negotiations

Health systems are changing the way they approach payer negotiations. With rising costs and limited reimbursement growth, many providers are turning to data as their strongest tool.

Using Data to Drive the Conversation

Instead of relying on outdated comparisons, hospitals and clinics are now using real-time, detailed data to make their case. They can idenify when they’re getting paid less than competitors, hgihglih strong performance metrics, show the value of outpatient nad digital services, and support multi-year rate increases using measurable outcomes. 

Analytics in Action

With the right tools, health systems can dig into claims and reimbursement data across every type of service from inpatient care to labs. They can benchmark against regional or national standards, spot gaps or outdated payer assumptions, and push back on claims not backed by data. It’s no longer just about asking for more, it’s about proving why.

A Tougher Landscape, But Smarter Tools

These changes bring tension. Payers are also facing budget challenges, and some contracts are ending without renewal. But providers that invest in data and analytics are better prepared to navigate this environment.

What This Means for the Future

As the industry moves toward value-based care, proving quality and efficiency matters more than ever. Health systems that can clearly show their impact will be more successful in securing better rates, and reinvesting in patient care.

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FAQs

We've compiled some of the most common questions practices like yours ask about the IrisMed solutions. If you don't find the answers you're looking for here, please don't hesitate to contact us – we're always happy to discuss how IrisMed can specifically benefit your practice.

Do I have to change my practice management system or software to use IrisMed?

No. IrisMed is designed to be compatible with all major practice management systems. Our AI seamlessly integrates with your existing setup, requiring no disruptive changes to your current workflow. We also offer white-gloved implementation and support if needed.

How much does IrisMed cost?

IrisMed offers flexible pricing models tailored to the size and needs of your practice. Contact us for a customized quote based on your clinic’s volume and workflow requirements.

Will IrisMed replace my existing staff members?

IrisMed is designed to augment and empower your existing team, not replace them. By automating tedious billing tasks, IrisMed frees up your staff to focus on what matters most: providing exceptional patient care, increasing treatment plan acceptance, and growing your practice. If you have a current vacancy in a billing role, IrisMed can eliminate the need to fill that position.

My practice management system already has billing features. Why do I need IrisMed?

While your practice management system is crucial for daily operations, it likely lacks the sophisticated AI capabilities needed to automate your revenue cycle end-to-end. IrisMed complements your existing system, providing specialized AI-driven automation, intelligent claim scrubbing, payment posting, and denial management that can drive significant revenue increases. The two systems will work hand in hand to make your practice as efficient and profitable as possible.

How secure is my data with IrisMed?

We understand the importance of data security and patient privacy. IrisMed employs robust security measures, including encryption and strict access controls, to safeguard your sensitive information.

How do I get started with IrisMed?

Getting started is easy! Contact us today to schedule a personalized demo. We'll show you how IrisMed works, answer all your questions, and demonstrate how our AI-powered platform can transform your practice's revenue cycle.