If you’re a provider who is already on insurance panels, you know how beneficial this has been for your practice. You’re able to build your practice and turn away clients less because you accept insurance.
However, each insurance panel you’re on requires that you renew your agreement with them – this is the process of recredentialing. Typically, this renewal needs to happen every 2-3 years. However, recredentialing does involve playing a bit of a waiting game, so you want to stay on top of the process before it catches up to you.
Why should I undergo Recredentialing?
Failing to recredential can cause quite a bit of hassle and inconvenience for you. If you continue to see clients after your agreement with the insurance panel has expired, you may be removed from the panel or even locked out permanently. Additionally, you will not be reimbursed for any services you provide during this period of time.
Recredentialing is also a great opportunity to make sure that you’re being reimbursed properly for the services that you provide. It’s a great time to look at the fees the insurance panels are paying you versus what you do for your clients on a daily basis and to make sure that your compensation reflects what you do.
There’s no need to stress over the process – let Thriveworks handle it for you.
Call us today at 1-855-4-THRIVE (1-855-484-7483) and let Thriveworks take care of your recredentialing so you can focus on building your practice and meeting the needs of your clients.
Let’s get ahead of the game – starting today!
Your Friends at Thriveworks