What New Practices Should Know About PPO Credentialing
One of the most important things a new dental practice can do to prepare for its future success is to become credentialed with the insurance companies that they interact with most often. The more patients the practice serves who carry the same insurance, the better rates the practice can secure with that insurance company. However, for new dental practices who have never undergone the credentialing application process, it can be a lot bigger of an endeavor than they expect.
The benefit of being credentialed
Being credentialed is one of the most effective ways for a dental practice to optimize their revenue and reimbursement rates from insurance companies. To ensure this position, dental practices have to fill out a comprehensive credentialing application and endure the process of submitting and tracking it throughout its journey to approval. The advantages of being credentialed are significant, and they multiply the more insurance companies the dental practice becomes credentialed with.
What to remember about the application process
The important advantage of being credentialed makes going through the process more than worth it for most dental practices. However, for newer practices, it can still be more challenging and time consuming than expected, and some practice owners might grow disheartened throughout the process. It’s important to remember going into the process that it will take several months to see it all the way through to completion. The application itself can take up to 40 hours to complete, and submitting and processing it can take up to 3-4 months.
Where to look for help
The good news is that dental practices of all sizes can make the PPO credentialing application process much simpler and more streamlined by working with a team of PPO experts. A third-party team of professionals with extensive experience in the application process can help complete the application while dental practitioners and their staff concentrate more on serving patients.
Learn more about PPO credentialing for new practices
For newer dental practices, the process of applying for credentialing can be more cumbersome than they expect at first. To learn more, or to let us streamline the credentialing process by handling it for you, contact PPO Experts today!