Benefits for Providers

Creating a solution in the health care space for providers and managed care organizations to streamline the credentialing process.

CredNet’s strategy is to implement a network that will allow providers to be credentialed in one place by one organization in such a way that all payers and non-payer PPOs would accept and contract to delegate the credentialing to CredNet. To do this, the company will create a network unlike any other. It will not be limited by hospital, health plan or geography. It will contract to verify the physician's credentialing file from Med Advantage then conduct its own peer review and assess a rating on the provider and open the usage to all health insurance companies, health plans and hospitals at no cost. The physicians' fee agreement, if any, with the health plan will be completely separate from CredNet, while the provider still reaps the benefits of delegated credentialing.

The resulting structure allows subscribers to receive a long sought solution to all of their credentialing woes and dramatically reduce a never-ending budget line item. They will have one credentialing source, one credentialing schedule and one application. Additionally, new providers can get paneled much faster and with less hassle. CredNet even provides its members with a website that allows providers and administrators to log in, submit their credentials and check the status of all pending credentialing.

Benefits for Health Care Organizations

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