Archived Publications eBook: The Dollars are in the Details | Page 14

PRIORITIES FOR IMPROVEMENT Respondents indicate that a number of initiatives are “very important” to them as it relates to provider enrollment. Of highest importance is “reducing time to enroll providers.” Enrollment timeframes have a direct impact on the revenue- cycle of an organization. Shortening this timeline can reduce accounts receivables claims that are pending due to provider enrollment and equate to less dollars at risk of being written-off due to lack of timely provider enrollment with payers. Q. Percentage saying that each activity is “very important.” (Base = 278) 85.8% Reducing time to enroll providers 76.8% Standardizing enrollment processes across org. Vo 72.0% Reducing needed resources, cost Trouble collec 71.4% Integrating credentialing, privileging, enrollment 69.1% Integrating with CAQH and PECOS Kn 66.7% Improving provider satisfaction with process Usin 65.9% Improve financials of employing physicians, buying practices 52.2% Prioritizing enrollment to high revenue generators Too few employee 51.5% Enrolling in EDI, EFT, ERA Adding metrics to enrollment process 48.9% Receiving delegated credentialing from insurance networks 48.9% # o 38.2% Website info on which plans providers are in Lack of a 19.6% Bringing provider enrollment back in-house 0 20 Waiting for pro 40 60 80 100 THE TWO BIGGEST CHALLENGES The two biggest challenges faced by enrollment professionals are collecting necessary provider data and dealing with the complexity of payer applications. “Credentialing and other systems that are used to establish contracts between providers and health plans are riddled with redundancy, with many organizations collecting virtually identical information. The typical physician spends more than three hours annually submitting nearly 18 different credentialing forms with staff spending an additional 20 hours” per provider (Cutler et al, 2012). Q. What are your organization’s biggest challenges in the enrollment process? Check all that apply. (Base = 275) 85.8% 76.8% 53.8% Volume/length of forms per provider 72.0% 42.9% Trouble collecting enrollment info from provider 71.4% 37.8% Keeping provider info up-to-date 69.1% 36.0% Knowing each payer’s specific criteria 66.7% 32.4% Using the most up-to-date payer forms 65.9% 30.2% Trouble logging in to PECOS 52.2% 29.8% Too few employees dedicated to provider enrollment 51.5% 28.4% Knowing when changes are made 8.9% 26.9% # of providers onboarded each month 8.9% 25.1% Complicated forms 23.6% Lack of automation fo