Physician Revenue Solutions, located in Northbrook, IL, handles payer enrollment needs and requirements, alleviating you from these time-consuming tasks.
WHAT IS Medical CREDENTIALING?
Medical credentialing is the process by which hospitals, healthcare organizations, and insurance carriers obtain and evaluate the proper documentation for medical practitioners to join a network or to treat patients at a medical institution. Credentialing involves contacting various organizations, such as medical schools and licensing boards, to verify a provider’s education, training, licensure, work history, regulatory compliance record, as well as malpractice history. This ensures that there are no issues that would deem a provider as incapable of adequately treating patients.
WHY IS CREDENTIALING IMPORTANT?
Timely and complete handling of credentialing requirements is critical to the health of your revenue cycle. Delays in enrollment of a new provider or missing the re-credentialing of an existing provider can have a negative financial impact on your practice. Specifically, insurance carriers will not reimburse any medical office bills for services provided by those who have not been properly credentialed.
At Physician Revenue Solutions in Northbrook, IL, our team will handle the payer enrollment obligations for your practice. Working alongside your staff, we help obtain the necessary documents and submit them on your behalf. PRS, located in Northbrook, tracks the submission process and perform follow-up checks to ensure your practice meets all credentialing and re-credentialing requirements.
THE MEDICAL CREDENTIALING PROCESS
Collect all the required data from the physicians for the filing of credentialing applications
Develop an appropriate credentialing strategy by selecting the top payers to which the physician’s practice sends claims
Audit the application for accuracy and completeness (then file the application)
Submit the filled-up credentialing forms to the insurance carriers either chosen by the physicians or as recommended by e-care
Follow-up with the insurance carriers on a regular basis to track the status of the applications
Obtain the enrollment number from insurance carriers and communicate to the physicians
Schedule a Medical Credentialing Consultation in Northbrook, IL Today!
To learn more about Physician Revenue Solutions, or to schedule a consultation with our medical credentialing experts in Northbrook, IL, fill out our contact form or call us at (847) 595-1633
*We offer sliding and flat fee billing schedules, and can beat almost any rate! Terms and conditions may apply. Please contact us for a free quote!