As more sections of the healthcare industry embrace the power of cloud computing, huge benefits come to life. From research projects to enterprise resource planning, the cloud harnesses the power of interoperability and big data. These elements enable HCOs to accelerate administrative processes, reduce staff and devote more time and attention to medical solutions and excellent patient care. According to a 2016 article in CloudTech, “Cloud-based computing is on the rise in healthcare as physicians, hospital administrators, and patients demand cost efficiency, access to information, and security.” How can the cloud help you out of the morass which is the medical credentialing and privileging process?
The cloud enables easy collaboration between all the institutions involved in a provider’s background. As more Credentials Verification Organizations (CVOs) spring up to add to and manage accurate data in the cloud, the bigger and more reliable the centralized pool of data becomes. Those databanks regularly used by medical credentialing professionals now also contribute to the availability of provider records. Rather than wait to fulfill future requests for records from other institutions, you or your providers can proactively upload pertinent documents into the cloud to help reduce and simplify the swarm of paper-based information exchanges.
Primary source verification documents can be instantly added securely to the cloud as they are generated. This keeps them current and available to other subscribers with proper permissions to view and retrieve them.
Your CVO or credentialing software service can set up notifications so you have instant access to any new records that come available. You can also create reminders for any recurring tasks that keep your organization compliant with the multitude of payer and regulatory requirements. No longer will critical processes fall through the cracks, forgotten under a mountain of paper.
Save Months and Man Hours
By connecting to the cloud, you end up slashing months off the process of onboarding new providers and assigning privileges. What used to take weeks or months can now be accomplished in days, thanks to the cloud. The efficiency of digital information exchanges should enable your company to reduce the size of your credentialing staff. The cost savings of cloud-based credentialing can be as little as 20 percent and up to 80.
Reduced Human Error and Malpractice Lawsuits
Whenever data must be manually transcribed, errors will eventually occur. Digital documents, once established and certified, offer much more data reliability which can spare your enterprise from avoidable malpractice lawsuits.
A paper-based credentialing system is inherently insecure. Your provider data must be protected as diligently as patient records, but when that data goes out in the mail or over unencrypted fax lines, it’s subject to theft or improper use. Knowing the primacy of confidentiality, medical IT providers place the safety of data exchange first as they develop their custom products. Cloud-based applications deliver information more securely than before for your protection and peace of mind.
Standardized Department Budget
Because cloud-based applications and services scale to your organization’s typical volume, you aren’t locked into excessive charges or insufficient services. As billing models are flexible, you can find the plan that fits your organization perfectly.
It’s easy to see why the healthcare industry is quickly shifting from anachronistic medical credentialing methods to cloud-based systems. The cloud pulls all the fragmented pieces together into one data set for easy accessibility, while previous concerns for data security have been definitively laid to rest. With the ability of the cloud to chop off large chunks of credentialing time and budget resources, your HCO can become more lightweight and feisty in the highly competitive healthcare marketplace.