{"id":134,"date":"2021-03-31T21:35:55","date_gmt":"2021-03-31T21:35:55","guid":{"rendered":"https:\/\/www.bikhamhealthcare.com\/provider-resources\/?p=134"},"modified":"2026-02-03T20:24:45","modified_gmt":"2026-02-03T20:24:45","slug":"why-outsourcing-your-provider-credentialing","status":"publish","type":"post","link":"https:\/\/www.bikhamhealthcare.com\/provider-resources\/why-outsourcing-your-provider-credentialing\/","title":{"rendered":"Why Should You Consider Outsourcing Your Provider Credentialing Needs?"},"content":{"rendered":"\n<p>Whether you\u2019re a private practice or larger healthcare facility, insurance credentialing is the first and most crucial step when implementing or <a href=\"https:\/\/www.bikhamhealthcare.com\/revenue-cycle-management.php\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>optimizing your revenue cycle<\/strong> <\/a>. Yet, even when you know with which insurance companies you want to participate, getting credentialled is a time-consuming, expensive, and often frustrating process. That\u2019s why many healthcare organizations often outsource this crucial step.&nbsp;<\/p>\n\n\n\n<p>In today\u2019s healthcare marketplace, the ability to accept a healthy variety of insurance plans is essential to your practice&#8217;s success. <a href=\"https:\/\/www.bikhamhealthcare.com\/credentialing\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Provider insurance credentialing<\/strong><\/a>, also called provider insurance enrollment, is a process that health plans\/payers use so that you can apply for inclusion in their provider networks\/panels. If you wish to bill an insurance company as an in-network provider, you must undergo the credentialing and contracting processes.\u00a0<\/p>\n\n\n\n<p>The insurance company you\u2019re applying to will verify that you meet their requirements so that you can serve as an in-network provider on their panel. Requirements will include your level of education, training, professional experience, and other related criteria.&nbsp;<\/p>\n\n\n\n<p>Once your practice or organization is credentialed with an insurance company, you can then bill that specific payer directly. Also, many insurance companies offer providers other benefits, such as:\u00a0<\/p>\n\n\n\n<ul class=\"txxt001 wp-block-list\"><li>Preferential reimbursement rates.<\/li><li>Inclusion in their <a href=\"https:\/\/www.anthem.com\/find-care\/\" target=\"_blank\" rel=\"noreferrer noopener\">web-based directories<\/a> so patients can locate you as a participating provider for your specialty.<\/li><li>Provider portal access for self-serve options such as <a href=\"https:\/\/www.cigna.com\/health-care-providers\/coverage-and-claims\/prior-authorization\" target=\"_blank\" rel=\"noreferrer noopener\">prior authorization<\/a> and claims submission, as well as patient insurance verification.<\/li><li>EFT (Electronic Fund Transfer) enrollment for faster claims payment receipt.<\/li><\/ul>\n\n\n\n<p>On average, each insurance application takes about 20 hours of manual labor to fully complete.&nbsp; Many provider offices have multiple providers within that group, who each accept anywhere from 6-12+ health plans.&nbsp; If you do the math, it becomes easy to understand why more and more provider groups are turning to <a href=\"https:\/\/www.bikhamhealthcare.com\/billing-assessments-compliance.php\" target=\"_blank\" rel=\"noreferrer noopener\">outsourcing this entire medical billing function<\/a>.&nbsp;<\/p>\n\n\n\n<p>Bikham Healthcare has built a cost-savings calculator to help you understand the financial value of outsourcing this critical function: <a href=\"https:\/\/www.bikhamhealthcare.com\/calculator\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Bikham Calculator<\/strong>.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Whether you\u2019re a private practice or larger healthcare facility, insurance credentialing is the first and most crucial step&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1760,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[],"class_list":["post-134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-credentialing"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - 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