ProCredEx Announces Launch of Partner Program with National Government Services, Spectrum Health System, WellCare, Accenture, and The Hardenbergh Group
Tampa, FL, Nashville, TN, Indianapolis, IN, Grand Rapids, MI, Chicago, IL, Northville, MI - This morning a group of five leading health care enterprises, including National Government Services, Spectrum Health, WellCare Health Plans, Inc. (NYSE: WCG), Accenture (NYSE: ACN), and The Hardenbergh Group, announced their participation in a distributed ledger program aimed at resolving the administrative inefficiencies related to professional credentialing.
Credentialing healthcare professionals is a universally problematic process for any industry member that delivers or pays for patient care. The process often requires four to six months to complete and directly impedes the ability for a healthcare professional to deliver care and be reimbursed for their work. Hospitals alone forfeit an average of $7,500 in daily net revenues waiting for credentialing and payer enrollment processes to complete. Further, nearly every organization required to perform this work does so independently—creating a significant administrative burden for practitioners.
"We are excited to be participating in this network and look forward to addressing the long-standing challenges credentialing presents to our business and our expansion into growth areas such as telemedicine and outpatient care," said Dr. Matthew Denenberg, Vice President of Medical Affairs of Spectrum Health.
The Professional Credentials Exchange (ProCredEx) will directly address the time, cost, and complexity associated with these processes by facilitating the secure, trusted exchange of verified credentials information between exchange members.
"A fundamental component of developing the exchange lays in building a network of members that bring significant verified credential datasets to the marketplace," said Anthony Begando, ProCredEx’s Co-founder and CEO. "These are the leading participants in a growing group of collaborators who bring data and implementation capabilities to accelerate the deployment and scaling of the exchange."
"Over the coming months, we intend to grow the Partner Program in a manner that diversifies our member base and grows the volume of verified credentials data available within the exchange," Mr. Begando said.
About National Government Services, Inc.
For more than 50 years, National Government Services has been a trusted partner and innovative leader in federal health care contracting. Employing approximately 1,700 associates, National Government Services is committed to providing robust health information technology and administrative services. As a Medicare contractor for the Centers for Medicare & Medicaid Services (CMS), National Government Services processes more than 230 million Medicare claims and administers benefits of approximately $81 billion from the Medicare Trust Fund annually. Additional information about National Government Services is available at www.ngsservices.com.