The telehealth industry is fast-growing, yet its plethora of regulatory compliance requirements is an impediment to further innovation in the healthcare paradigm. Firms operating in the telehealth space must ensure the regulatory compliance of any credentialed professional in order to safeguard themselves against liability risks. Traditional compliance checks, however, are time-consuming, costly, and prone to human errors.
Responding to these challenges, a growing number of telehealth companies have begun to embrace credentialing and compliance automation solutions. Such systems enable medical practices to create evidence-based practice efficiencies by leveraging advanced technology. By deploying automated checks and validated data sources, firms can vastly reduce the manual workload associated with credentialing and compliance processes. Moreover, these tools often integrates with existing business systems, further streamlining the credentialing process.
One such compliance automation system is a credentialing and verification solution designed by a prominent healthcare data provider. This system authenticates providers with primary source information and manages the entire lifecycle of any credentialing process, from application validation to ongoing credential activities. It also monitors real-time updates from sources like the National Plan & Provider Enumeration System (NPPES) and automatically updates a provider’s credentials when required by regulatory agencies.
Another solution is an automated, set-it-and-forget-it credentialing system that enables medical practices to securely manage provider licensing and credentialing without any manual intervention. This system monitors and archives thousands of state and federal laws, regulations, and agency updates in order to provide up-to-date, real-time credentialing information. Moreover, automated credentialing data entry and verification processes greatly reduce the burden on administrative staff.
As the shift to telehealth becomes ever-more pronounced, the importance of obtaining applicable licenses and verifying professional credentials is indisputable. By leveraging advanced compliance automation solutions linking primary sources with their own existing systems, telehealth companies can ensure regulatory compliance while simultaneously streamlining the credentialing process. As such, these solutions provide head of finance in the telehealth industry with a compelling argument for tapping into the power of technology to simplify and enhance practice efficiency.