Credentialing Refined: Embrace Smarter Credentialing with 5ACVO
Embark on a streamlined journey through the complexities of credentialing with 5ACVO, where primary source verification (PSV) is reimagined as a smarter, more efficient endeavor. For medical practices striving to grow and thrive, smarter credentialing is a key strategy. Our research indicates that collaborating with a Credentialing Verification Organization (CVO) like ours can unveil over twenty ways to reduce credentialing costs. We’ve transformed the credentialing process, simplifying a once-tedious 52-step task into an efficient 6-step workflow. This leads to a fully prepared credentialing file, ready for committee or board review, highlighting the benefits of outsourcing provider credentialing.
Our goal is to enhance your operational efficiency by reducing workload and costs, thereby maximizing resources and minimizing risks.
Choose 5ACVO for a smarter, simpler, and superior credentialing experience. Partner with us for unparalleled excellence in healthcare services.
Smarter credentialing means 69% less cost.
Smarter credentialing involves significantly easing your workload by removing 52 credentialing tasks, simplifying the entire process for you.
Smarter credentialing means giving you the opportunity to generate an additional $47,196 in billing per credentialed provider.
With 5ACVO, complete your credentialing process in just six (6) straightforward steps.
SMARTER Credentialing: A Strategy Where Resources Outweigh Expenses
Our steadfast commitment at 5ACVO is to empower our esteemed medical partners with comprehensive resources, blending expertise with advanced technology in the credentialing process. Our team, with over 400 years of combined industry experience, is focused on delivering exceptional outcomes. Notably, 63% of our team members bring a decade or more of invaluable insight to the table.
We are fully committed to your success, ensuring that credentialing costs are efficiently managed within your budget. Our approach keeps credentialing expenses stable, unaffected by variables such as new employee training, staff turnover, and absences. This strategy enhances your resources while reducing costs, and maintaining the highest quality.
Moreover, research from NAMSS (National Association of Medical Staff Services) highlights the benefits of CVO processing, including a significant 5-7 day reduction in processing times compared to traditional methods (NAMSS Medical Service Staffing Study, September 2009). This efficiency not only saves costs but also accelerates patient care. Providers credentialed through our CVO can begin seeing patients and billing sooner, with an average net new billing opportunity of $47,196 per provider, illustrating the clear financial advantages of opting for smarter credentialing with 5ACVO.
69%
1
ONE web portal.
ONE point of contact
SMARTER Credentialing: A Strategy Where Rewards Significantly Outweigh the Risks
At 5ACVO, our commitment to excellence is centered on enhancing the efficiency of medical providers in patient care and maximizing revenue opportunities. We provide a smart solution that significantly reduces credentialing processing times, thereby increasing the potential for billing and revenue generation. Our optimized credentialing process is designed to not only increase provider billing opportunities but also to manage costs effectively.
The benefits of choosing a Credentialing Verification Organization (CVO) like 5ACVO are highlighted by research from the National Association of Medical Staff Services (NAMSS). This research shows a notable reduction of five to seven (5-7) days in the average time taken to verify a file compared to traditional in-house credentialing methods (NAMSS Medical Service Staffing Study, September 2009). Further, the Merritt Hawkins study provides insight into the average annual revenue generated by primary care physicians. Utilizing the NAMSS data to gain an additional five (5) days of billing, the financial impact for healthcare providers becomes increasingly significant, showcasing the tangible benefits of partnering with 5ACVO for efficient and profitable credentialing services.
An average of $47,196 in net new revenue
billing opportunity is created per credentialed physician using the CVO.
Smarter. Simpler. Better Credentialing: Elevating Your Experience with Expertise and Efficiency.
Streamlining the complexities of credentialing has been a focused endeavor for us, involving substantial investments in state-of-the-art technology and the assembly of a team of industry specialists. Our 5A technology grants access to a secure, customizable credentialing web portal, offering an all-in-one solution for managing your credentialing needs. This portal simplifies tasks such as reviewing, tracking, archiving, and exporting data, embodying our belief that technology should enhance your professional efficiency and ease.
Our dedication to administrative simplicity is showcased through providing a single, integrated tool for data management. This cohesive ecosystem centralizes all your credentialing data, ensuring simplicity and efficiency. We extend this unified approach to communication, offering a single point of contact with a dedicated email and direct phone number, aligning with your communication preferences.
The essence of smarter credentialing is doing more with less: it means a lighter workload, reduced costs, increased control, and greater rewards, all effortlessly integrated into our comprehensive service offerings.
Join 1000s of Providers
Join thousands of other providers, doctors, surgeons, medical practices, rural hospitals, and large medical groups across the country to take advantage of the synergy created by Fifth Avenue Healthcare Services.