All urgent care facilities are required to follow regulatory procedures at what the federal and state level, credentialing being one of them. Credentialing entails being added onto the insurance networks and verifying a provider’s qualifications so that they can provide you with healthcare services and you can issue claims to insurance for the services received. One of the tedious parts of the credentialing process is getting the documentation required. When mistakes occur in the process of credentialing, there can be huge losses to the business. Carrying out in-house credentialing can not only be exhausting but it can also end up costing you more compared to what you would get if you outsourced the services. Read on to find out why it can be advantageous to outsource urgent care credentialing services.
Outsourcing urgent care credentialing will help you save on costs. When you carry out credentialing in-house, you will be paying an employee to handle the task. The employee in charge of credentialing will likely have other responsibilities which may have priority over credentialing, and this delays the process. With a vast workload for your credentialing employee, you can also incur other fees such as overtime and higher chances of errors.
Your degree of liability will be reduced when you outsource credentialing. Having an inexperienced employee handling credentialing will end up bankrupting your practice due to severe errors in the process. When you outsource the service, you will limit your liability, and it will ensure that your provider contracts to be always up to term.
You can manage to improve the efficiency of your company by outsourcing credentialing. A company that is dedicated to offering credentialing services will have established optimized systems and workflows so that the services they offer you are as efficient as possible. Such a company will be totally familiar with the processes so that there will be no mistakes which otherwise delay the process. The higher the levels of efficiency with which you carry out business, the higher your revenues.
Another reason why you should consider outsourcing credentialing is that it will minimize your turnover rate. Regardless of how good a practice is, most urgent care facilities experience relatively high rates of turnover. Most people move on to other areas and specialties. You will need to allocate resources to recruit another person in your company to file in a vacant position for credentialing when one leaves. However, when you do not have an in-house employee handling credentialing, you don’t have to worry about turnover because the company providing you with the services will take care of everything for you.