If you have ever worked with an insurance provider, a health organization, pharmacy, hospital, or doctor’s office, there is a good chance you have heard about provider credentialing at some point in your career. If you think this sounds like a familiar term, but might not be sure about what it is, you will quickly discover why it is an important tool that is used by so many health organizations and insurance carriers around the country.
Basically, provider credentialing is a crucial tool used by insurance carriers to make sure the health provider is qualified and competent. The provider sends over their credentials, and the insurance carrier looks over the information provided and decides whether or not to work with the provider. When accepted, these credentials end up in a provider credentialing database for easy access.
How long does it take for the credentialing process? While it can be faster these days than it used to be, it can sometimes take up to six months for a health provider to be added into a credential database. There might be a lot of information to go through, and the insurance carrier might have a lot of credentials to go through and approve.
Do providers have to be credentialed by every insurance provider? This used to be the case, but the information is becoming much more centralized now. While some insurance companies will still be using their own databases, more and more carriers are turning to centralized solutions to save time on their credentialing processes. This way, they are able to allow more of their customers to find credentialed health providers that are ready to serve them.
This is just some of the most important information when it comes to provider credentials for health organizations. As time goes on, this information will only become more centralized for the sake of convenience, and more people will have access to healthcare providers in their area that will be recognized by their insurance companies.Read More →