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4 Ways Physician Credentialing Services Help Your Practice Save Money

Posted by 99 MGMT on Jan 19, 2018 10:28:15 AM

physician credentialing services

Research shows that physicians are spending so much time doing paperwork and administrative tasks that they’re losing out on valuable time with patients. 

Physicians may be spending as much as 4 hours per week on credentialing - this doesn’t include any other administrative tasks or time spent on credentialing by office staff.

If you want to spend a few more minutes with each patient, one option is to outsource physician credentialing services. Here are 4 benefits for you and your private practice.

 

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4 Ways Physician Credentialing Services Save Time & Money


1.  Spend less time on paperwork and more time with patients

You didn’t become a doctor to file paperwork. You became a doctor to do something meaningful. Physician credentialing services remove some busy work from your shoulders so you can focus on what matters - your patients.

Similarly, getting more one-on-one time with their doctor makes for happier patients. Happy patients mean a healthy, growing business.

 

2.  Trust that insurance claims & payments are in expert hands

Navigating insurance requires delicacy. Professionals with experience with insurance bureaucracy helps push things through smoothly and avoid roadblocks.

The biggest roadblocks are applications with mistakes, or incomplete applications. The last thing you want to do is spend time on credentialing only to find out you missed an important section or piece of information.

All submissions and follow ups are handled accurately and in a timely manner. That means you get paid faster and don’t run into bureaucratic messes.

 

3.  Automatic monitoring & updates

Your credentialing provider automatically maintains and updates your CAQH profile. They monitor for issues and make updates as needed. Out of sight, out of mind.

 

4.  Integration with other services

Credentialing services are just one aspect of practice management. Some credentialing companies also provide other services such as revenue cycle management, marketing, finance & accounting services - just to name a few.

However, you’ll also receive status reports and full access to all documents so you know your operations are being handled properly.

You also get dedicated support from your credentialing services provider, so you’ll receive prompt expert support for any questions or concerns.

 

Do you want to get back to what matters in your job?

Physician credentialing services and private practice management may be the right option for you. Want to know more about credentialing for your practice? Fill out the form below to request more information!

 

Topics: Business Growth, Operations, Credentialing