Don't Waste Time on Credentialing
If you are doing your own credentialing, you’re wasting money and time. That’s the cold, hard truth. At a time when there is a multitude of medical credentialing service providers available, you shouldn’t be putting in long hours. But how much are you exactly wasting on credentialing? This should be a recurring question for you. Generally, physicians spend somewhere around 45 minutes every day on credentialing. Assuming a physician earns $100/hour, that amounts to $20,000 worth of time a physician spends every year on credentialing. This does not account for office staff, follow-ups, taxes, support work, and other payables. One would assume putting in so much time and money will get all the paperwork done on time and accurately. In essence, you lose more time and money. Also, this doesn’t account for lost revenue due to time spent on credentialing. So how does all this compare to outsourcing medical credentialing services? Let’s take a look. How Much Do Physician...