4 Ways Precision Hub’s Credentialing Services Help Save Money

 

Precision Hub’s Credentialing Services

Studies reveal that more and more physicians are spending significant time filing paperwork and managing administrative tasks. This means that are losing out on time that they should be allocating for patients. generally, physicians spend about four hours every week on credentialing. This does not take into account administrative tasks. One way to free up more time for patients is to outsource physician credentialing services. Below are four ways in which Precision Hub’s credentialing services can help practices save money.

Less Paperwork and More Time with Patients

As a medical student, you never thought you would have to file paperwork. You become a physician to give back to society through your service. Outsourcing credentialing services free up your schedule so you can do what matters most – see patients. Similarly, patients are more satisfied when their physician is able to spend more time one-on-one with them. Happy patients mean a healthy, growing practice.

 
Insurance Claims & Payments are in Expert Hands

There are numerous complexities that you must be aware of when navigating insurances. Professional credentialing services bring with them experts with industry experience to ensure everything runs smoothly and no errors arise. The biggest issue in filing insurance claims is incorrect or incomplete applications. As a doctor, the last thing you need is to spend get down to credentialing that is riddled with errors or sections of missing information. Professional credentialing services handle everything accurately and timely. This means you get paid faster and avoid bureaucratic messes.

Automatic Monitoring & Updates

Credentialing services are responsible for maintaining and updating your CAQH profile. They look out for errors and make updates as and when required.

Integration with Other Services

Credentialing is just one part of managing a practice. Some credentialing companies also offer revenue cycle management, finance and accounting, and marketing services. You also receive regular status reports and maintain full access to all documents, so you remain aware of how your practice is being managed.

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