More than ever, cost-conscious hospitals and healthcare centers are outsourcing functions formerly handled in-house, including housekeeping, laundry and food services. Forward-thinking hospitals are beginning to outsource IT, transcriptions, coding and even some clinical care services. By outsourcing these tasks, facilities are able to cut costs, improve efficiencies and focus on patient care. Now hospitals need to look at another area where outsourcing can benefit their bottom line: medical staff credentialing.

Credential outsourcing covers everything from the gathering of documentation to the primary source verification of information including the practitioner’s education, work experience and licensure. This allows facilities to reduce the time and resource-intensive credentialing process for physicians, dentists, nurse practitioners, physician assistants, X-ray technicians, psychologists and others.
Reducing Costs
Outsourcing to a technology-based Credentials Verification Organization (CVO) for credentialing has been shown to save facilities between 20 to 80 percent of in-house credentialing costs. A CVO will move the hospital from a time-consuming, manual credentialing process to a cloud-based computing solution. Outsourcing relieves the medical service team from laborious credentialing tasks, such as researching every previous medical facility that employed (or trained) a potential applicant. Staff is then freed up for other important administrative and patient care duties.
Healthcare institutions also experience faster turnaround time and more complete research files leading to a shorter time-to-revenue and improved patient safety. In addition, hospitals and healthcare systems can count on predictable expenditures in the form of low, monthly CVO fees, making the budgeting process more predictable.
Moving to the Cloud
With cloud-based computing, credentialing data is stored remotely but can be easily accessed locally. By centralizing the credentialing process offsite, hospitals are able to harness the power of shared computing. Since the hospital is literally sharing the power with other institutions, the cost is shared too. Further, in the case of a natural or man-made calamity, cloud-based credentialing makes disaster recovery easier and more cost effective because the data has a separate, off-site IT infrastructure.
Avoiding Litigation Expenses
Outsourcing the credentialing process helps ensure that only credentialed physicians and staff are extended privileges at your facility. More and more states are recognizing negligent credentialing as a reason for litigation against healthcare organizations, and lapses in credentialing can expose a facility to malpractice suits. Outsourcing to a CVO reduces human error, thereby lowering the risk of litigation due to negligent credentialing.
Outsourcing Credentialing
By moving from an in-house, paper system to a CVO with a customized, cloud-based credentialing system, hospitals can reduce the cost of credentialing while positively affecting people’s health and safety. If you realize that now is the time for your facility to outsource medical staff credentialing, ask us about IntelliCentrics SEC3URE, a revolutionary new way to credential and privilege your medical staff. Plus, download our whitepaper, “5 Reasons Why Now Is the Time to Outsource Medical Staff Credentialing.”

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