In the fast-paced world of healthcare, operations teams are often bogged down with administrative tasks, especially in provider onboarding and credentialing.
It's time to change that narrative.
Here are three no-nonsense strategies that can radically improve the efficiency and effectiveness of these teams.
1. Embrace credentialing automation – It's a no-brainer
Let's face it: manual credentialing is a relic of the past. It's slow, error-prone, and frankly, a waste of your team's talents. Credentialing automation is not just a fancy tool or phrase; it's a necessity.
The numbers speak for themselves: research projects the healthcare automation market to hit $58.98 billion by 2025. Why? Because it works.
That's over half the time your team could use to focus on what really matters – improving patient care and operational strategy.
2. Invest in credentialing software – your accuracy and compliance lifesaver
Think of credentialing software as your team's central hub for accuracy and compliance. It's not just about storing data; it's about making that data work for you.
It keeps track of everything – expiring credentials, regulatory changes, you name it. This isn't just about staying organized; it's about staying ahead of the curve and avoiding costly compliance pitfalls.
3. Go all-in on automated credentialing workflows – it’s the future
Automated credentialing isn't just about the initial setup; it's about maintaining momentum. It's about ensuring your providers are always ready to deliver top-notch care without getting tangled in red tape.
The CAQH Index highlighted a potential annual saving of $2.1 billion for the U.S. healthcare industry through automated provider data management. What does this look like in practice?
Depending on the organization, automation can take on many different forms. At Medallion, automation is integrated into every aspect of the credentialing process.
Medallion can securely import provider profile information such as date of birth, work history, malpractice insurance, education history, and more directly from CAQH.
This faster workflow speeds up and streamlines profile completion, ensuring that the profiles are not only completed but also completed accurately and compliantly to meet regulatory compliance bodies like NCQA standards for delivering safe and high-quality care.
Plus, it helps providers spend less time onboarding and get closer to seeing patients.
Primary source verification automation is another area that offers huge time savings. With Medallion, you can run thousands of PSVs from state licenses, DEA, SAM, board certifications, and more in seconds and opt to manage the rest by hand.
Imagine streamlining not just credentialing, but also enrollment processes. Faster provider network inclusion means quicker patient access to care – and in healthcare, speed can make all the difference.
Moving into the credentialing automation age
It's time for healthcare operations teams to step into the future. Credentialing automation, credentialing software, and automated credentialing practices are not just tools; they're game-changers. They free up your team to focus on what they do best – delivering exceptional care and driving operational excellence.
In the evolving landscape of healthcare, staying ahead means staying automated. Find out more about Medallion’s AI-powered platform and credentialing products here.
FAQ
How do these techniques specifically impact the time and cost efficiency of healthcare operations?
The impact of these techniques on time and cost efficiency in healthcare operations would likely involve reducing manual labor and errors, leading to faster processing times and lower operational costs.
What are the challenges or drawbacks of implementing these techniques?
Implementing techniques like credentialing automation and software can pose challenges such as the need for initial investment, training for staff, and integration issues with existing systems. That's why it's important to look at credentialing automation solutions like Medallion that are easy to implement and built to work with your existing systems.
How do these techniques affect compliance with healthcare regulations and standards?
Regarding compliance with healthcare regulations and standards, adopting these techniques presumably helps maintain compliance through more accurate and efficient processing.
