Morrisville, North Carolina, USA 27560
CREDENTIALING

Provider Credentialing & Contracting

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Payers we work with

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Network Research

We’ll work with you to ensure you have a variety of popular and effective in-network payers to work with. Our experienced team will determine timelines and open-panel availability with the payers of your choice.

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Application Filing

We’ll work with you to gather all of the necessary information to file applications. We pride ourselves in our efficiency and thoroughness to ensure a short turnaround time and accurate filing.

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Application Follow-Up

Our team will ensure that the submitted application has been received by the payer and that there are no outstanding requests for changes. We follow up regularly with the payer until the contract comes through and arrives at your office or practice.

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Appeals for Closed Panels

When needed, we will submit an extensive appeal when there are closed panels for labs of a particular specialty. We communicate your key points of services and overall history of exceptional patient care. We’re prepared for this challenge, as our team has a high success rate of overturned closed panel decisions.

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Out of Network Enrollments

If you as a provider choose to stay out-of-network with particular payers, or are forced to stay out-of-network due to closed panels, our team will handle out-of-network enrollments and NPI registrations on the payer’s website to prepare your practice to start receiving payments for these services.

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Demographic Changes

We take care of any documentation required by demographic changes, such as a new Tax ID with your payers, updating addresses, changing bank accounts, and any other necessary tax. We’ll set up all ERA and EFT enrollments, as well.

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Credentialing Maintenance

Our credentialing portal manages all of your providers’ and physicians’ credentialing data, and is comprehensive, transparent, and HIPAA-compliant. to ensure we keep your database efficient and accurate.

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PECOS and CAQH Set Up and Maintenance

We maintain and manage any PECOS and CAQH profiles that you may use, making sure all information is HIPAA-compliant and accurately profiled.

Shape
Shape
  • Onboarding
  • Payer Discovery & Application filing & Submission
  • Payer Follow-up on Application
  • Contracting / Fees Schedule / Final Approval
  • Re-credentialing

Why is credentialing important?

Trust

Credentialing builds trust with leading healthcare insurance companies.

Reimbursement

Proper credentialing ensures accurate reimbursement for services rendered.

Risk Mitigation

Credentialing ensures that providers fulfill requirements and follow rules, which reduces risk.

Financial Stability

Timely credentialing helps to avoid financial losses due to delayed reimbursements / claims.

CREDENTIALING

How long does the process take?

Processing time of your application depends on how busy the payer is and also the accuracy of the submitted application. Generally, from our experience we have seen the following timelines:

Private payers—90-120 business days

Government payers—120-180 business days

Facilities—120-160 business days

We’re a metric-driven company.

We’ll provide the following reports, as needed.

  • Monthly Reports
  • Credentialing Status Reports
  • Provider Enrollment Reports
  • Expiring Credential Reports
  • Provider Credentialing Audit Reports
  • Re-Credentialing Reports

We want to see you succeed.

Up-to-date on all HIPPA compliance.

  • Risk Mitigation

  • Quality Assurance

  • Data Security

  • Trust and Confidence

  • Competitive Advantage

  • Custom Support and Communication

CREDENTIALING

How our timeline will look together

  • Contract signed

    Customer signs, Rainbow Healthcare starts onboarding process

  • Discovery Call

    Call insurances to verify applications are still open : 3-5 days

  • Document Request

    Gather all relevant documents and information from customer

  • Application Submission

    Rainbow Healthcare Services to submit all applications: within 2 weeks of a signed contract

  • Follow-up

    Follow up with insurance providers & provide customer with biweekly updates

  • Payer Approval

    Application approved; contract & fee list ready for customer

Features & Benefits

Improved Quality of Care

Credentialing serves as a critical mechanism for guaranteeing that patients receive optimal healthcare services by confirming the qualifications and credentials of healthcare providers.

Compliance with Regulations

Credentialing is critical in enabling healthcare providers to adhere to regulatory requirements by ensuring that all providers meet the prescribed standards for delivering exceptional patient care.

Improved Reputation

By exhibiting a steadfast dedication to upholding standards of excellence and safety, credentialing can elevate the standing of healthcare providers, bolstering their reputation and engendering confidence and reliance among patients and the wider community.

Better Financial Performance

Through the rigorous evaluation and verification of healthcare providers’ ability to meet the requisite standards of patient care, credentialing can bolster their fiscal performance by mitigating the likelihood of malpractice lawsuits and heightening patient contentment.

Facilitation of Provider Networks

Credentialing plays a pivotal role in facilitating the formation of provider networks, as it entails meticulous validation of the qualifications and credentials of healthcare providers. This, in turn, fosters greater consistency in patient care and enables healthcare providers to furnish patients with more comprehensive and seamless services.

We have high standards for our customers.

  • Credentialing Application Processing Time

    24 hours

  • Provider Enrollment Time

    60-80 Days

  • Submitted application to payer Accuracy Rate

    98%

  • Credentialing Application Accuracy Rate

    98%

  • Provider Data Accuracy Rate

    More than 97%

  • Provider Satisfaction Score

    More than 99%

People Also Ask

Frequently Asked Questions

What is Provider Credentialing, and how important is it for healthcare professionals to have it?

Provider credentialing is the process by which healthcare providers join with insurance networks or payers. It is necessary because it enables providers to get paid for the services, they render to patients who are insured by certain payers or networks. Providers could not bill for their services and would not be paid without credentialing.

What advantages come with collaborating on Provider Credentialing with Rainbow Healthcare Services?

What sorts of provider Credentialing needs do you take care of?

How can providers get ready for the process and what paperwork is needed for provider credentialing?

What is the average duration of the Provider credentialing procedure?

What happens when an application takes a long time to be approved?

What takes place when there are closed panels?

Industries we work with

  • Risk Mitigation

  • Physician Group Practices

  • Medical Laboratories

  • Skilled Nursing Facliities

  • Ambulatory Surgical Centers

  • Durable Medical Equipment

  • Pharmacy Billing

  • Tele-Radiology / Telehealth