Terrifying Tales of Medical Group Provider Enrollment Gone Wrong


Wednesday, October 17, 2018

Terrifying Tales of Medical Group Provider Enrollment Gone Wrong

Terrifying Tales of Medical Group Provider Enrollment Gone Wrong

Oct 17, 2018
Terrifying Tales of Medical Group Provider Enrollment Gone Wrong Infographic

If you’re responsible for payer enrollment at a medical group practice today – we bet that your process looks something like this:


  • Your medical group practice recruits a new physician.
  • You onboard them and submit enrollment applications for participation with health plans.
  • You wait 90 days for the health plan to credential the provider.

You’re getting the job done, but you might also be losing money. A lot of money!


If a busy provider bills approximately $5,000/day and it takes 90 days to enroll a provider, you’re at risk of losing $450,000 in revenue. Scary right?


Over the years, the experts at Verity have seen a lot of scary things like:



Aging Receivables


Aging Receivables

One medical group in South Dakota revealed to us in confidence that they had $350,000 in aging receivables.


Mounds of Paper


Mounds of Paper

One northeast medical group showed us a giant stack of papers covered in sticky notes (to highlight required fields) that they mailed out to onboard new providers. This process cost them a lot of time and money. And, once the paperwork was sent, they had no way to track whether the paperwork was being completed or not.


Failed Software Launch


Failed Software Launch

When one of our customers decided to try another vendor, that vendor failed to keep its lofty promises. After a lengthy implementation cycle, they were unable to get this competitive solution live. We welcomed the customer back, and worked quickly to get them live, but they wound up losing quite a bit of time and money in the process.


Rejected Applications


Rejected Applications

One mid-sized medical group was submitting enrollment applications completed by hand! Key fields were often missed and data was frequently illegible. Payers regularly rejected applications, costing this organization real money, as they could not be reimbursed for providers’ services until the errors were corrected.

 

Do any of these nightmares sound all too real?

If so… check out our white paper: How to Turn Your Medical Group Provider Enrollment Nightmares into Dreams: Before & After Verity