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SMARTER Credentialing means less cost with more resources.

[resources > costs]

Credentialing, inherently complex and challenging, requires a sophisticated and intelligent approach. At our core, we are committed to offering a smarter credentialing solution, at less cost, that intricately balances cost-effectiveness with the provision of ample resources to enhance the overall process for our providers.

Our philosophy centers on the principle of working smarter, not harder. This involves maximizing efficiency and harnessing the power of synergy to expedite and simplify the credentialing process. We strive to streamline every aspect of credentialing, leveraging our expertise and technology to create a seamless, less cumbersome experience. By doing so, we aim to transform the traditionally arduous task of credentialing into a more manageable and efficient process, ultimately benefiting both providers and the healthcare system at large.

Smarter credentialing means less cost

5ACVO distinguishes itself in the credentialing market by offering services at a cost that is approximately 69% lower than the industry average. To substantiate this claim, we present three key metrics for your consideration. These metrics provide concrete data and insights, illustrating how 5ACVO achieves this significant cost reduction while maintaining the highest standards of service. This comparative analysis demonstrates our commitment to delivering value-driven credentialing solutions, emphasizing affordability without compromising on quality or efficiency.

Utilizing the research and metrics below, including the staffing ratio from the National Association of Medical Staff Services and the average annual compensation for a Senior Credentialing Specialist, we arrive at an average cost of approximately $649 per credentialed provider. This calculation takes into account the typical workload managed by each professional and their corresponding compensation.

When compared to this industry standard, the cost of credentialing services provided by 5ACVO is approximately 69% lower. This significant difference highlights 5ACVO’s commitment to offering cost-effective credentialing solutions without compromising on quality or efficiency. Our approach is designed to provide substantial cost savings to our clients, underlining our position as a financially advantageous choice in the credentialing market.

MSP Ratio 1:112
112

According to research conducted by the National Association of Medical Staff Services (NAMSS), as detailed in their Medical Service Staffing Study from September 2009, the ratio of Medical Services Professionals (MSPs) to credentialed medical staff and practitioners stands at 1:112.

This statistic reflects the staffing dynamics within the field, highlighting the extensive responsibilities managed by each MSP in overseeing a large number of medical personnel.

NAMSS.org
Total Annual Compensation Credentialing Specialist SR.
$ 72725

The average total annual compensation for a Senior Credentialing Specialist in the current industry, inclusive of taxes and benefits, is approximately $72,725. This figure represents the compensation for a Senior Credentialing Specialist possessing 2-5 years of experience.

It’s important to note that this amount can vary depending on geographical location or the individual’s level of experience and expertise within the field. This variability underscores the diverse range of factors that influence compensation rates in the credentialing industry.

Credentialing Specialist SR Total Compensation Graph 2020
www.salary.com/tools/salary-calculator/medical-staff-credentialing-supervisor-benefits
Annual Average Market Cost per credentialed provider
$ 649

Utilizing the research and metrics previously mentioned, including the staffing ratio from the National Association of Medical Staff Services and the average annual compensation for a Senior Credentialing Specialist, we arrive at an average cost of approximately $649 per credentialed provider. This calculation takes into account the typical workload managed by each professional and their corresponding compensation.

Less Cost More Resources 5ACVO.com

The cost of credentialing services offered by 5ACVO is approximately 69% lower than traditional credentialing costs. This substantial reduction underscores our commitment to providing efficient and affordable credentialing solutions.

Smarter credentialing is budget friendly

Smarter credentialing with 5ACVO is not only efficient but also budget-friendly. With our comprehensive team working on your behalf, credentialing expenses become a predictable line item in your budget. This approach ensures that your costs remain stable and manageable, unaffected by factors such as employee turnover, new employee training, paid time off, or sick leave, which typically influence in-house credentialing expenses.

Moreover, research, specifically the NAMSS Medical Service Staffing Study from September 2009, indicates that CVO (Credentials Verification Organization) processing is significantly faster — by 5 to 7 days — compared to traditional in-house credentialing methods. This expedited process not only reduces your overall costs but also enables credentialed providers to commence patient care and billing activities sooner, further enhancing your operational efficiency and financial performance.

Smarter credentialing provides more resources

52

Items taken off your plate

5 Days Faster Credentialing

385+

Years of Industry Experience

$47,196

net new billing opportunity per CVO credentialed provider

54+

Provider Enrollment Options through Primoris, a 5ACVO sister company

44%

of the 5ACVO team has 20+ years of experience

63%

of the team has 10+ years experience

1,000,000

other things you’d rather be doing right now instead of credentialing

1

ONE point of contact. ONE email. ONE phone number. ONE web portal.

Smarter credentialing means aggregated resources.

Smarter credentialing, as practiced by 5ACVO, involves the strategic aggregation of resources. As a member of the Fifth Avenue Healthcare Services family, we work closely with our sister companies, Fifth Avenue Agency, and Primoris Credentialing Network, to enhance our service offerings.

This collaboration with our sister companies provides our clients with access to an expanded team of specialists and a wider range of resources, all aimed at further reducing your credentialing workload. Fifth Avenue Agency specializes in medical malpractice, offering tailored Medical Professional Liability Insurance (MPLI) solutions to clients across the nation. Their expertise in this domain complements our credentialing services, providing a more holistic approach to managing healthcare provider risks.

Primoris Credentialing Network, another sister company, stands as the largest credentialing Independent Physician Association (IPA) in the Midwest. They bring to the table advanced technology, deep expertise in the field, and extensive provider enrollment capabilities, with over 54 health plan and network provider enrollment options. This breadth of services and connections enhances the efficiency and scope of our credentialing processes.

Together, under the umbrella of Fifth Avenue Healthcare Services, 5ACVO, and our sister companies synergize our resources to not only alleviate your credentialing workload but also create synergistic opportunities that benefit medical providers in numerous ways. This collaboration is central to our mission of delivering comprehensive, efficient, and effective credentialing services to healthcare providers.

For a detailed understanding of the credentialing industry, encompassing a wide array of topics such as provider enrollment, updates on health plans and networks, medical malpractice and Medical Professional Liability Insurance (MPLI), as well as the latest news and information on AAAHC, URAC, and the National Practitioner Data Bank (NPDB), our credentialing blog is an invaluable resource. It offers in-depth articles covering a spectrum of pertinent issues, including the rising costs in medical liability premiums and the specific credentialing challenges faced by rural providers.

If you have any specific inquiries or require more personalized information, we encourage you to contact us directly. Remember, outsourcing your credentialing can bring numerous benefits, and our team at 5ACVO is ready and equipped to provide you with the support and expertise you need. We are here to assist you in navigating the complexities of the credentialing process with ease and efficiency.

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5ACVO is a NCQA Credentialing Accredited CVO.

Join thousands of other providers, doctors, surgeons, medical practices, rural hospitals, and large medical groups across the country in credentialing with 5ACVO.

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