At 5ACVO, we are dedicated to redefining the credentialing process with an emphasis on efficiency and control. Our innovative approach is centered around our proprietary workflow software, which serves as the foundational element of our advanced 5A Credentialing Web Portal. This sophisticated portal is fully customizable, enabling users to effortlessly track, save, and generate comprehensive reports on their credentialing activities.
The 5A Credentialing Web Portal is designed as a cohesive ecosystem, where all credentialing data is securely housed. It offers unparalleled access to key metrics and robust reporting capabilities, streamlining the process and eliminating the need for cumbersome spreadsheets and lists. This integrated system simplifies the management of credentialing requirements, offering users a higher degree of control and significantly reducing their administrative burden.
By adopting the 5A Portal, clients experience a substantial reduction in workload, gaining greater control and efficiency. This is evidenced by 5ACVO’s achievement in streamlining 52 traditional in-house credentialing activities, demonstrating our commitment to innovation and client satisfaction in the credentialing domain.
When working with 5ACVO, we have streamlined the traditional 52 conventional credentialing steps down to just 6 simple steps.
When partnering with 5ACVO, you will experience a remarkable transformation in the credentialing process. We have meticulously streamlined the traditional 52 conventional credentialing steps into just 6 straightforward and efficient steps. Now that’s smarter credentialing delivered for you! This simplification significantly reduces complexity and enhances the efficiency of the credentialing process, allowing you to focus on core healthcare services while we expertly manage the credentialing aspects.
Credentialing Before working with 5ACVO
52
Traditional Credentialing Activities Required
Credentialing AFTER working with 5ACVO
6
Just 6 Simple Steps
At 5ACVO, our philosophy is centered on empowering our credentialing providers with an abundance of resources, blending unparalleled expertise with the finest technology for a more intelligent approach to credentialing and primary source verification (PSV). This ‘smarter credentialing’ strategy is exemplified by our team, comprised of professionals certified in CPCS and CPMSM. Moreover, 5ACVO stands out as one of the few NCQA Credentialing Accredited CVOs in the country.
Our team boasts an impressive 385+ years of combined industry experience, for smarter credentialing, dedicated to your service. Notably, 63% of our team members each have over a decade of experience in the field. This vast reservoir of knowledge and skill is at your disposal through a single, streamlined point of contact. This includes one dedicated web portal for all your credentialing data, one email, one phone number, and one exceptional team, all united in the singular goal of simplifying your credentialing process.
By choosing 5ACVO, credentialing becomes a predictable line item in your budget, devoid of the financial uncertainties associated with new employee training, turnover, paid time off, or sick leave. This approach offers you full-time working resources at a reduced cost, enhancing your operational efficiency.
Furthermore, according to NAMSS research, CVO processing through 5ACVO is five to seven days faster than in-house medical facility processing. This expedited processing not only reduces your costs but also allows credentialed providers to commence patient care and billing sooner. On average, this results in an additional $47,196 in billing opportunities for every provider credentialed through a CVO. In essence, smarter credentialing with 5ACVO equates to greater revenue opportunities at a reduced cost, exemplifying the very essence of efficiency and financial prudence in healthcare credentialing.
At 5ACVO, our ultimate goal is to enable medical providers to maximize patient care while optimizing revenue generation efficiently. Our 5A Smarter Credentialing process is designed to increase your available billing time by an average of five days, significantly enhancing operational efficiency.
This efficiency is underscored by research mentioned above from the National Association of Medical Staff Services (NAMSS), which indicates that CVO processing is notably faster than in-house processing at medical facilities. According to the NAMSS Medical Service Staffing Study from September 2009, a CVO’s average turnaround time to verify a file is 5 days faster than that of a specialty hospital and 7 days quicker than an acute hospital. This expedited verification process is crucial in reducing idle time before a physician can begin seeing patients and generating revenue.
Further emphasizing the financial impact of this efficiency, we refer to this Merritt Hawkins study. This study reveals the net average annual revenue generated by primary care physicians. Applying the NAMSS findings of five additional billing days, we calculate an average opportunity increase of $47,196 in net revenue billed per CVO credentialed physician. This figure demonstrates the tangible financial benefits of choosing 5ACVO’s smarter credentialing services, offering not just faster credentialing but also a significant boost in revenue potential for healthcare providers.
The research above equates to
billed per CVO credentialed physician.
Visit our comprehensive credentialing blog for a wealth of information relevant to the healthcare industry. Our blog is an invaluable resource for understanding certifications such as CPCS and CPMSM, and offers insights into making the credentialing process more efficient. It includes in-depth articles on delegated credentialing, along with the latest updates on Medicare and Medicaid.
Our blog also features educational articles on medical malpractice, including topics like “3 Strategies to Optimize Simplicity & Increase Revenue in Healthcare,” and detailed discussions on Joint Commission standards. Additionally, you will find valuable information on the benefits of PECOS, frequent updates from payers, detailed payer audit updates, and our unique payer audit scoring system.
In response to the ongoing global health situation, our blog provides critical COVID-19 updates. Another highlight is the Fifth Avenue Spotlight, which offers an inside look at our team members and partners, showcasing the people behind our success.
We also delve into the numerous benefits of outsourcing your credentialing needs, and important trends such as AI and Blockchains future impact on credentialing. At 5ACVO, we are committed to providing expert assistance and simplifying the credentialing process for you.
For a deeper understanding and the latest insights in credentialing, visit our award-winning credentialing blog, or feel free to contact us with any questions. We are here to assist and guide you through every step of the credentialing journey.
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