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5 Reasons Provider Contract Visibility Is Key to Better Recruitment and Relationships

Visibility is key u2013 putting relevant, critical information in front of the right parties at the precise moment they need it. Here are five reasons why visibility in provider contracting unlocks better recruitment and relationships.

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5 Reasons Provider Contract Visibility Is Key to Better Recruitment and Relationships

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  1. Introduction • Healthcare organizations need to think carefully about what visibility can do for each role within the organization relative to the contracting value chain. • Insufficient visibility leave multiple stakeholders in the contracting process scrambling for information they can’t find, access, or understand. • There are two dimensions to consider: • Accessibility of Information • Ability to understand • Provide contract management reporting should offer total, actionable, and timely visibility into all action items, notifications, and due dates.

  2. 1. Clarity – for Everyone • Enhanced visibility that translates data into actionable information improves outcomes. • All relevant parties – HR, legal, compliance, contracting, administrators, executives – can now answer questions of their own that they couldn’t answer before. • Empowers them to better address inquiries and foster positive relationships right from the start.

  3. 2. Accuracy • Recruiters, admins, and contract specialists can now verify that contracts are complete, error-free, and following the correct workflow on the correct timeline. • The impact on providers is also significant: • Improved accuracy in contracting yields • Improved accuracy in the compensation process • Strengthens and benefits provider’s relationship and prevents overpayments.

  4. 3. Efficiency • Increasing transparency in the contracting process can substantially improve efficiency. • Improved searchability can dramatically reduce administrative burden. • Better automation within a centralized “source of truth” platform can streamline the workflow significantly. • Employers can now verify the validity of their contracting process and identify opportunities for improvement within it.

  5. 4. Credilbility • Everyone can see a document as it moves through the workflow without worrying about edits. • Slipping through the cracks, approvals being missed, or other issues that are common when visibility is lacking. • Visibility can minimize compliance risks by revealing potential oversights and lapses before they turn into violations.

  6. 5. Collaboration • Increased visibility also enhances interdepartmental collaboration. • It gives all parties the ability to see changes made throughout the contracting process. • Tracking made possible who touches the CAR or contract, what edits they make, and so on. • Visibility also establishes a foundation for trust with the provider that spans from contract to compensation administration.

  7. For Added info, Read the blog from Heisenberg II 5 Reasons Provider Contract Visibility Is Key to Better Recruitment and Relationships

  8. Thank You Heisenberg II 200 Motor Parkway, Suite D-26, Hauppauge, NY 11788 Call us: (855) PHYSCMP (749-7267)

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