If you have been practicing medicine in the medical field for years, or even months, and are just starting to think about medical credentialing for your business, it might seem a little overwhelming. What is medical credentialing? Why do you need it? Is it even necessary? Here’s a run-down of the top benefits that medical credentialing can offer your practice.
Medical credentialing is an extra check to ensure that a medical provider is qualified to perform their job. In a world where everything is at your fingertips, it can be easy to question why you need yet another third party involved in your care. The answer: trust. Medical credentialing improve patient trust because patients know that experts in the field have thoroughly vetted them. Do you want someone practicing on you who has gotten into trouble with authorities or hasn’t met standards? Like most people, you wouldn’t even consider it – and that alone speaks volumes about why medical credentialing matters for your practice! Medical credentialing improve patient trust because patients know that experts in the field have thoroughly vetted them.
The loss of revenue is most often associated with legal issues brought on by the uncertainty of patient information. When one doctor takes over a patient’s care, that new doctor will want to conduct an examination to confirm the patient’s status and then transfer that information. Medical credentialing prevents these concerns because the medical professionals involved agree upon the appropriate data needed for the transition. In doing so, the concern surrounding lost revenue is eliminated because patients are transferred with their complete history attached.
The credentialing process helps ensure that practitioners are of the highest quality. It reduces the risk of medical errors and improves safety in healthcare facilities while simultaneously allowing patients to receive the best possible care. If your practice is new or just getting started, it’s a good idea to have credentialing in place right from the start; if you have employees who will be performing medical services, it’s even more critical. Achieving board certification can take time—and practices without credentials can lose out on patients who want a fully credentialed facility. And remember: not all states require credentialing, but they should! Once your practice is up and running successfully, you’ll probably begin thinking about expanding into new markets.
It is very important for healthcare organizations to hire credible and capable employees. With the help of medical credentialing services, it becomes easier for the hiring process. The right candidate will be hired if the verification process by a third party is completed beforehand. This credentialing ensures that the team member chosen has all the qualifications necessary to work in the healthcare industry. It also keeps in check the credentials of other candidates so that only those who have met specified requirements are considered suitable.
Most people who decide to start their medical practice spend months planning and designing their office. They work hard to come up with a name for their business, set up an official business presence (whether it’s a limited liability corporation or sole proprietorship), and ensure that all of the necessary infrastructures are in place. However, one aspect of their business that they often overlook is credentialing. Credentialing your practitioners helps improve patient care by ensuring that you have staff members who can deliver safe, quality service to your patients.