For most healthcare practices, the process of credentialing and enrolling a new provider is viewed as a necessary evil. There’s no denying that the provider credentialing and enrollment process can often be a stress-inducing hassle. This is compounded by the fact that even the smallest of errors can sometimes upend the entire process and create costly delays. Thankfully, there are options available for healthcare practices that would alleviate the various pain points that provider credentialing and enrollment creates. In this article, we’ll take a look at the top three benefits of outsourcing your provider credentialing and enrollment process in order to help you decide if working with a third-party credentialing and enrollment service provider is the right choice for your practice.
Reducing the room for Error
As we’ve already mentioned, even a minor mistake on a submitted form such as a misspelled name or incorrect address can often upend the entire credentialing and enrollment process. Worst of all is the fact that many payers will not reach out to notify your practice of such a mistake but will instead reject the application outright and force your practice to start the process over again from the beginning. This is much more common than you might like to imagine. When you outsource your provider credentialing and enrollment process to a reputable service provider, though, the likelihood of a mistake creating serious delays is dramatically reduced.
At Bikham Healthcare, credentialing and enrolling new providers is our core competency. Unlike healthcare practices that must focus on a wide range of tasks and responsibilities, we are able to put all of our time and energy into the credentialing and enrollment process. This narrowed focus combined with decades of credentialing and enrollment experience enables us to complete the process in a way that significantly reduces the likelihood of errors. Having to juggle a dozen different responsibilities at once creates a lot of room for error. When you outsource your provider credentialing and enrollment process to a proven provider such as Bikham Healthcare, though, the expertise and attention that your process receives leads to timely and error-free submissions.
Reducing Operational and Administrative Costs
One obstacle that keeps many healthcare practices from pursuing assistance with their provider credentialing and enrollment process is the expense associated with hiring a third-party service provider. In reality, though, outsourcing the provider credentialing and enrollment process tends to save healthcare practices much more money than they spend. Consider, for example, a Harvard study that concluded healthcare practices are able to save up to $29,000 per physician per year by streamlining administrative activities such as the credentialing and enrollment process.
Regardless of whether you are outsourcing the process or completing it in-house, credentialing and enrolling a new provider requires a lot of billable hours. When you outsource the process to an experienced service provider, though, you can rest assured that everything is being completed in the most streamlined, affordable, and efficient way possible. For this reason, outsourcing the provider enrollment and credentialing process tends to actually be much more affordable than paying someone within your practice to credential and enroll new providers. This means that outsourcing the process can actually reduce operational and administrative costs in addition to saving you the time and hassle associated with completing the process yourself. For this reason alone, working with a third-party service provider is an ideal option for many practices.
Freeing you up to focus on growing your Practice
Credentialing and enrolling a new provider is a time-consuming process – and it requires time that could be better spent caring for your patients and growing your practice. When you outsource provider credentialing and enrollment responsibilities to a third-party service provider such as Bikham Healthcare, though, you have a lot more time available to spend on the tasks that will be the most beneficial to your healthcare practice.
At Bikham Healthcare, we don’t just guide healthcare practices through the process of credentialing and enrolling a new provider – we take the burden off of their shoulders entirely, completing every step of the process on their behalf with little to no hand-holding required. This means that the executives and other professionals at the healthcare practices we work with are given back a significant block of time that they are able to spend on reaching vital goals such as growing their practice and improving their quality of care.
Administrative burdens such as the provider enrollment and credentialing process are tasks that no one wants to deal with. If you feel that your time could be better spent addressing other important issues within your practice rather than spending untold amounts of time completing all of the various forms associated with credentialing and enrolling a new provider then outsourcing your credentialing and enrollment process is an excellent solution to consider.
Why Bikham Healthcare is the ideal choice for outsourcing your Provider Credentialing and Enrollment Process
At Bikham Healthcare, we are proud to serve healthcare practices across the country, helping them credential and enroll new providers in a way that is timely, efficient, and affordable. From reducing administrative costs to eliminating room for delay-creating errors to freeing you up to spend time where you are needed most, there are certainly plenty of considerable benefits to be gained when you choose to work with Bikham Healthcare for your provider enrollment and credentialing needs. To learn more about how Bikham Healthcare can take the burden of credentialing and enrolling new providers off of your shoulders, feel free to contact us today!