Most physicians have privileges at more than one hospital and are therefore required to comply with independent credentialing requirements for each hospital where they maintain privileges.
According to a Physician Foundation—Merritt Hawkins survey (Practice Patterns & Perspectives) published in 2014, the average physician completes 17.8 credentialing and health plan enrollment applications, annually. A typical independent practitioner allocates 10 hours each week to non-clinical paperwork. The data suggests physicians absorb between $1.65B – $2.47B annually on paperwork costs associated with credentialing and health plan enrollment. Much of this excessive cost and time burden is the result of redundant, duplicative processes across the industry. Acting as a data agent for physicians’ and allied health professionals, 3WON manages these data compliance requirements collecting and distributing all data through a single point of contact reducing practitioner costs by as much as 80% annually, and simultaneously alleviating the time burden associated with these functions.
3WON has developed a physician-centric credentialing technology platform designed to streamline the collection, management and distribution of data required for provider credentialing and health plan enrollment. Engagement is facilitated through the use and application of an online portal which serves and a centralized data repository for the collection and distribution of provider data.
Reduced Enrollment Cycle Times
Per Physician: Medicare (days)
Average Cost /Day/ MD
(Lost Productivity: $2K; 12 Health Plan Contracts)
3WON consolidates credentialing and enrollment management for physicians, and allied health professionals, acting as a centralized data manager for medical professionals in the following way:
- We collect their data using a proprietary online data collection tool we call “SmartForm”. SmartForm is designed to collect, manage and distribute their data to all entities requesting data. SmartForm ensures requested or required data is collected and alerts professionals if all data requirements are not provided. SmartForm includes Artificial Intelligence (AI) and ensures compliance reducing time delays post attestation in the credentialing process.
- SmartForm collects approximately 1,150 data elements and can auto-populate any current credentialing and or health plan enrollment application. The SmartForm can also populate up to 70% of a physician’s profile data prior to engagement depending on the data 3WON currently maintains on the medical professional.
- SmartForm populates 3WON’s Master Provider File (MPF), our primary provider database, post verification and authentication, which is continuously updated on a daily, weekly, and monthly basis as part of our data management processes, and then distributed to any all parties as authorized and directed by medical professionals.
As a result, medical professionals deal with one entity for the collection, document production, and distribution of their medical professional data.
3WON substantially reduces the administrative burden, cost, and time consumption typically associated with the credentialing process. The end result is more efficient collection and distribution of medical professional data and increased medical professional compliance.
At 3WON, Providers, Payers and Patients Win.