Is credentialing taking too long to accomplish in your healthcare practice? You're not alone. The stakeholder credentialing process is more cumbersome and time-consuming in the healthcare industry than before. However, change is not impossible, and it is brought about by innovation.
Our whitepaper, “Healthcare Credentialing: Exploring Innovative Approaches 2022,” goes directly to the heart of the current credentialing challenges and offers the most effective and efficient solutions. This digest will help you understand the challenges, solutions, and emerging trends while encouraging you to download the full paper to explore actionable strategies in detail.
The Problem: Complex, Costly, and Cumbersome Credentialing
Credentialing is important as it helps in determining that the healthcare professionals are qualified, competent as well and meet the set standard. However, as rules increase and structures get more complex, the process of onboarding new providers has been very slow. The consequences are serious: longer patient waiting times, excessive paperwork, and expensive workflow constraints.
The whitepaper explains how the current system:
- Lacks standardization across states and organizations.
- Relies heavily on manual data entry and paper-based processes.
- Delays in provider onboarding cost organizations over $10,000 for every single day of delay.
- Struggles with security and data breaches threaten both compliance and patient safety.
10 Forward-Thinking Approaches to Credentialing
The whitepaper shares some exciting ideas to make credentialing faster, safer, and easier to understand. Here’s a look at the top ones:
- Centralized Credentialing Platforms
These are like online hubs where all the paperwork for credentialing is stored. They make it easier for hospitals to check a doctor’s info, saving about 30% of the time and money spent on the process. They also keep data safe and correct, so everyone knows what’s going on.
- Automated Credentialing Systems
Imagine a computer doing all the boring paperwork for you. That’s what these systems do. They check credentials quickly, reducing mistakes and saving doctors around $29,000 a year. They also save about three hours per doctor, so they can start helping patients sooner.
- Electronic Verification Systems
These systems let doctors securely send their credentials online. By 2021, 96% of big hospitals and 78% of smaller clinics were using them. They eliminate slow, paper-based work, making things faster and cheaper while keeping information accurate.
- Digital Badges
Think of these as digital trophies that show a doctor’s skills. Over 43 million badges were given out by 2020. Doctors can share them on social media or job sites to prove they’re good at what they do, which helps them get credentialed faster.
- Outsourcing to Experts
It means that instead of hospitals carrying out the process of credentialing on their own, they can hire professionals. This is time-saving and ensures that all the work is done following the regulations. Consultants help to prevent such losses, as one day’s delay in hiring a doctor costs $10,122.
- Blockchain Technology
Blockchain can be compared to a digital safe-deposit box that is very secure for storing credentials. In today’s world, healthcare data breaches cost $9.3 million each; with blockchain, the information is secure and can be shared while expediting credentialing.
- Competency-Based Credentialing
This method checks what a doctor knows and can do, not just their degrees. About 15-20% of doctors in the U.S. aren’t board-certified, so this helps them prove their skills and get credentialed.
- Performance-Based Credentialing
This looks at how well a doctor works, like their skills and ethics. A study found 94% of healthcare workers think this is a great way to check if doctors are ready to treat patients.
- Micro-Credentialing
This lets doctors show off specific skills through quick training programs. It’s perfect for the 87% of doctors who need to renew their certifications every few years, helping them get approved faster.
- Continuing Professional Development
Doctors need to keep learning to stay up-to-date. This includes taking classes or attending conferences. They need 150 hours of this every three years, which helps them stay credible and get credentialed.
Why These Ideas Are a Big Deal
These new approaches fix the biggest problems with credentialing, like slow processes and unclear steps. By using tools like computers and blockchain, hospitals can save money, work faster, and keep data safe. Doctors can start working sooner, which means patients get care quicker. The whitepaper shows these ideas work with real numbers, like the 30% savings from centralized platforms and the huge number of hospitals using electronic systems.
Why You Should Read the Full Whitepaper?
This summary just scratches the surface of the awesome ideas in the whitepaper. It’s put together by Capline, a company that’s great at helping with credentialing. They handle things like checking credentials and filling out forms, so doctors can focus on patients. The full whitepaper goes deeper, with examples and tips on how to use these ideas in real life.
Get the Full Whitepaper Now
Don't let outdated credentialing systems hold your organization back.
Download the complete whitepaper and discover how your team can stay ahead with faster, smarter, and more secure credentialing methods.
[Download the Whitepaper Now] to start transforming your credentialing process.
