Medical Vendor Credentialing Is A Big Problem That Now Has A Big Solution

March 22, 2011 - PRLog -- March 22, 2011 – Cleared For Business, LLC, a Georgia Based company, announces today that they have gone fully live with their one of a kind Vendor Credentialing Management Services.  CFB's new services will manage the vast complexities of vendor credentialing for healthcare companies, provide a dashboard of just how exposed medical companies are in relation to representative non-compliance, directly manage the entire credentialing process by implementing CFBs custom designed credentialing tools, and assign highly skilled Account Mangers to work directly with medical companies on Vendor Credentialing.  
According to our studies, the average healthcare  field representative spends between 30 and 60 hours a year working on vendor credentialing.  The services now available from Cleared For Business can take away up to 90% of that time spent and gives it back to the field representative.  Not only will this service give healthcare field representatives more time for their customers, they have someone working for them 24/7 and ensuring their credentials are up to date and valid.  This service is expected to put millions of dollars back into the bottom line of those companies who use the service.    

Thomas Brown, CEO of Cleared For Business was quoted as saying "Vendor credentialing is one of the top issues faced by healthcare vendors today and being compliant is a must in this market, if you are not, you will lose business".

According to Yoel Yohan, CFO and COO of Cleared For Business, Medical Companies are pressed to put revenue into credentialing while at the same time their field representatives are putting more time into simply maintaining credentials.  The average cost for a company to self manage their vendor credentialing is approximately $3,000 to $4,500 a year per representative, so It is a vicious cycle and it is the healthcare company that is paying the price.  The new Vendor Credentialing Management Services from CFB is a response to this need to proactively manage healthcare vendor credentials and even the playing field for medical companies.  The cost of this management service is only $349 a year per representative. According to one company CFB is working with, they spend 4.8 million dollars a year by allowing each representative to manage their own vendor credentialing process.  By choosing CFB, they will see a $4 million savings in the first year alone, give their field reps an extra one to two weeks of customer face time and greatly limit their liability and exposure to risk due to non-compliance.  That is an eye opening figure, and we ask every medical company to put those figures to the test in their own organizations.  




For more information please visit  www.clearedforbusiness.com or call us at 678-341-0667



--- end ---

# # #

Cleared For Business is a Credential Management Company that was born out of the frustration with hospital vendor credentialing. The hours spent collecting, uploading, calling, and opening endless emails is maddening and the time spent doing so takes away from the most precious resource of any company, time in front of the customer. At Cleared For Business, managing a company's credentialing process is what we do and we are very good at it. Contact us to discuss how partnering with CFB will add to your bottom line.