BC Advantage - 2020 Issue 9

Contracting and Credentialing: The Often-Neglected Keys to Practice Success

Independent practices have been facing unprecedented challenges, especially in today's pandemic-based reality. Two of the most fundamental aspects of starting and running a practice are often the aspects that most practices ignore: payer contracts and credentialing. Despite their essential nature, many practices put these tasks last on their respective to-do lists, but there is a better way of doing business. Making sure these two elements are addressed in a methodical, data-driven, and thoughtful manner is key to every practice's long-term success.Payer Credentialing: Administrative Headache, Payer Cost Saving, but a Keystone HabitBefore a provider can see their first patient...

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