As hospitals and physician practices employ more medical professionals, the proper credentialing of those professionals becomes increasingly important to the entire revenue cycle process.
A tremendous amount of reimbursement, legitimately due to hospitals and medical practices, is lost due to incomplete, incorrect, or delayed completion of required credentialing. And that is not entirely surprising in that credentialing is voluminous, varies by payer, with payer requirements changing over time.
It is therefore very difficult to keep up with credentialing requirements, and hospital staff is understandably focused on new provider employment and contracting, and is often not focused on proper credentialing. But as proper credentialing is a threshold requirement in order to establish claims reimbursement for a given payer, credentialing is a critical part of the overall revenue cycle management process.
Precision has a dedicated credentialing department, with significant experience in credentialing, focused on making sure that this all-important but often overlooked requirement is properly and timely managed. Hospitals and physician practices that engage Precision to provide credentialing support for their providers can be assured that all requisite credentialing work is effectively and professionally completed as it should be, fully supporting underlying revenue cycle processes.
"Illinois Oncology is a large 3 location, 4 physician oncology practice that was well supported by Precision as we migrated from our base Medical Manager system to a full electronic health records system. Precision provides help-desk billing support and clearinghouse troubleshooting for our in-house billing staff, working well with our office on all revenue cycle management matters. They also provide us reliable software, network and tech support for our PCs and printers. Precision is overall extremely helpful in all medical billing and electronic health records (EHR) support."
