Archived Publications eBook: The Dollars are in the Details | Page 15

WOEFUL INEFFICIENCY Our research shows that approximately 56.6% of respondents use some type of software solution to help automate their processes—packaged provider enrollment software (46.3%), packaged software not specifically designed for provider enrollment (5.7%), or in-house customer software (4.6%). However, many respondents still manage their work using Excel spreadsheets (42.7%), calendar alerts (25.3%), Word documents (16.0%), or manual processes (14.2%). Q. How much notice do you typically have to start individual provider enrollment prior to the provider’s start date? (Base = 286) 53.8% % 46.3% Packaged provider enrollment software solution 42.7% Excel spreadsheet 38.8% Combination of software and paper process 25.3% Calendar alert 16.0% Word document 14.2% Manual, paper-based process 5.7% Packaged software solution not designed for provider enrollment In-house customer software 4.6% SharePoint document 3.9% 2.1% None 0 60 20 40 60 “Our survey brings to life the pitfalls and complexities of today’s provider enrollment process for most healthcare organizations. The typical organization processes an average of 18 enrollment applications per provider per year for approximately 250 providers—totaling 4,500 applications annually per organization. Each of these applications requires numerous phone or email follow-ups with payers and others to ensure timely provider enrollment and billing. Despite its importance, this work is being managed in many organizations with Excel files, calendar alerts, and paper forms. It’s clear that automated solutions are long overdue.” -Tonya Nevin, Vice President, Medical Practice Products and Solutions, DecisionHealth CONCLUSION The financial impact of a poorly managed provider enrollment process is highly detrimental in any healthcare organization. A hospital, healthcare organization, or medical group can suddenly find itself losing significant amounts of money and facing highly dissatisfied patients and providers. As shown by our recent survey, the importance of provider enrollment is being elevated to an all-time high. Given the new payment reforms that are coming with downward pressure on revenues, upcoming changes in physician reimbursement, revalidation, and many other initiatives, is your hospital, healthcare organization, or medical group ready to thrive in this new environment? What can you do today to position yourself for the coming changes? References: Cutler, David Ph.D., Elizabeth Wikler, B.A., and Peter Basch, M.D. “Reducing Administrative Costs and Improving the Healthcare System,” N Engl J Med 2012; 367:1875-1878, November 15, 2012, DOI: 10.1056/NEJMp1209711, http://www.nejm.org/doi/full/10.1056/NEJMp1209711 HealthStream.com/contact • 800.521.0574 • Reprint from SUMMER 2016 Provider Advisor 15