Smarter credentialing means less work. We have simplified the traditional credentialing process, reducing 52 conventional credentialing items down to 6 simple steps.
Smarter credentialing means 69% less costs.
Smarter credentialing means giving you the opportunity to generate an average additional billing of $47,196 per credentialed provider.
We are committed to simplifying your workload and empowering you with greater control, with credentialing at the heart of our mission. Our proprietary workflow software, the linchpin of our success, seamlessly integrates with your 5A credentialing web portal. This portal is meticulously tailored to your unique needs, offering a robust suite of tracking, archival, and reporting tools. The 5A Portal serves as a singular, comprehensive repository for all your credentialing data, furnishing real-time access to metrics and sophisticated reporting capabilities. With the 5A Portal, you gain unprecedented control over the credentialing process, eliminating the need for cumbersome spreadsheets and manual tracking of requirements.
The transformation in the credentialing landscape before and after partnering with 5ACVO is profound. 5ACVO has revolutionized the conventional credentialing process, streamlining a complex 52-step procedure into a concise and efficient six-step workflow that delivers a completed credentialing file, primed for committee or board review.
Here are just a few of the myriad tasks that 5ACVO expertly manages, freeing you from administrative burdens: initial and reappointment application distribution, initial and reappointment primary source verification, expirable tracking, reappointment schedule upkeep, criminal background checks, compliance maintenance, and the facilitation of committee meetings.
When working with 5ACVO, there are six (6) simple steps to credential your providers.
52
Traditional Credentialing Activities Required
6
Reduced Down to
6 Simple Steps
We are dedicated to equipping our medical partners with an abundance of resources, enhancing your credentialing and primary source verification (PSV) processes with a blend of expertise and cutting-edge technology. Our accomplished team collectively boasts nearly 500 years of industry experience, all diligently serving your needs. Remarkably, 63% of the 5A team members possess a decade or more of hands-on experience in this field.
By harnessing the full spectrum of our team’s capabilities, credentialing expenses managed through 5ACVO assume a predictable position in your budgetary considerations. Unlike traditional approaches, our model mitigates the impact of factors such as new employee onboarding, staff turnover, paid time off, or sick leave, ensuring that your costs remain stable while delivering heightened efficiency.
Moreover, research conducted by NAMSS (National Association of Medical Staff Services) highlights that CVO (Credentialing Verification Organization) processing outpaces traditional credentialing by reducing processing time by five to seven (5-7) days (source: NAMSS Medical Service Staffing Study, September 2009). This accelerated processing not only minimizes costs but also enables credentialed providers to commence patient care and billing sooner. On average, this translates to an astounding $47,196 in newfound billing opportunities for each provider credentialed through a CVO.
Our ultimate aim is to empower medical providers to efficiently serve a greater number of patients while optimizing revenue generation. 5ACVO represents the intelligent solution for reducing your credentialing processing time, thereby extending the window for billing and revenue generation. Through credentialing with 5ACVO, you can enhance provider billing while simultaneously controlling costs.
Notably, research from NAMSS (National Association of Medical Staff Services) reveals that a Credentialing Verification Organization (CVO) offers a considerable time advantage, being five days faster than specialty hospitals and seven days faster than acute hospitals in average file verification turnaround time (source: NAMSS Medical Service Staffing Study, September 2009). This accelerated processing, as supported by the Merritt Hawkins study, translates into a net average annual revenue increase of $47,196 per credentialed physician—a significant enhancement to your bottom line.
billing opportunity is created per credentialed physician using the CVO.
Simplifying the administration of the credentialing process has been the result of years of strategic investments in cutting-edge technology and a top-tier team of experts. Through the 5A technology platform, you gain secure access to your comprehensive credentialing data via an advanced credentialing web portal. This portal empowers you to effortlessly review, track, archive, and export your credentialing data using a variety of reporting methods.
Our philosophy is that technology should enhance your efficiency and quality of life. This commitment to administrative simplicity manifests as a unified data management solution within a single ecosystem, where all your credentialing data is seamlessly consolidated.
Administrative simplicity also entails a streamlined communication process, with a single point of contact featuring a single email address and phone number. This approach allows for rapid and customized communication according to your preferences. Behind this streamlined operation stands our exceptional credentialing team, which has proudly served 1000s of medical providers across the nation.
For more information on the credentialing industry, check out our award-winning credentialing blog or contact us with any questions about credentialing best practices, important payer updates, and insightful articles on credentialing and medical malpractice.
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