7 Benefits to Outsource Credentialing Services
Benefits to outsource credentialing services include reducing human error, cutting costs, streamlining process complexity, and increasing billing opportunities.
February 16, 2022
5ACVO’s credentialing blog aims to provide helpful and educational industry information centered around credentialing news, updates, and technological advancements, as well as updates on delegated credentialing, provider enrollment and medical malpractice news, best practices, and relevant industry updates.
These updates on credentialing, primary source verification (PSV), delegated credentialing, provider enrollment, and MPLI include information from 5ACVO’s Fifth Avenue Healthcare Services‘ credentialing family, including 5ACVO, Fifth Avenue Agency, and Primoris Credentialing Network (the largest credentialing IPA in the country).
Benefits to outsource credentialing services include reducing human error, cutting costs, streamlining process complexity, and increasing billing opportunities.
5ACVO created a simpler credentialing process, reducing credentialing paperwork 88% and completing credentialing 5-7 days faster than in-house credentialing.
Smarter credentialing reduces your credentialing workload from 52 conventional credentialing steps to 6 simple steps, reducing your workload and cutting costs.
Dr. Death aka Dr. Duntsch injured 33 patients in less than two years. There were many reports that raised red flags regarding his mental state and abilities.
What is CPCS and CPMSM certification? How to become certified? How long does it take? How much does it cost? Everything you wanted to know about CPCS and CPMSM.
He has been called Dr. Death. That’s not his real name, of course.
Dr. Duntsch was convicted on criminal charges while practicing medicine, injuring 33 out of 38 patients in less than two years. He is now known as Dr. Death.
Here’s a list of 52 steps in a conventional credentialing process. 52 action items to produce a complete credentialing file ready for presentation to committee.
Conventional credentialing takes 90 to 120 days on average. Credentialing with 5ACVO is 5-7 days faster credentialing and 69% less credentialing cost.
3 budget benefits to outsource credentialing include: increase budget revenues, streamline budget costs and access a team of experts at a fraction of the cost.
59% of polled doctors think COVID will lead to a reduction in independent practices. It’s estimated that 8-12% of practices will close, an estimated 16,000 in all.
Credentialing is complex and expensive. Here are 20 ways working with a CVO can cut credentialing costs.
5ACVO lowers the conventional credentialing cost of credentialing by 69% while completing the credentialing file 5-7 days faster than traditional credentialing.
3 simple ways to screw up simplicity: overthinking, neglecting available tools and working with the wrong people.
Three qualities stand out as an integral component of a great credentialing team including Experience, Expertise, and lack of Ego (or the ability to manage it).
5ACVO has a core credentialing mission of providing Smarter, Simpler and Better Credentialing. Smarter credentialing to us = less work and more control for you.
A CVO provides organizations with efficient credentialing processes that conduct a thorough verification on practitioners. 5ACVO streamlines this process.
Primary Source Verification authenticates a providers’ credentials such as education, training, work history, license, certifications, peer reviews and more.
Join thousands of other providers, doctors, surgeons, medical practices, rural hospitals and large medical groups across the country that have their credentialing completed by 5ACVO.