Video: Speed Up Your Cash Flow with Efficient Payer Enrollment

Payer enrollment is crucial for cash flow. Without enrollment, providers cannot bill, and revenue will stall.

The fix? Automation, training, and tracking. A streamlined process means faster onboarding, fewer denials, and smoother payments.

Watch this week’s Madaket Minute to see how to speed up enrollment and get providers paid—fast

Read the video transcript below and subscribe to Madaket Health on YouTube.

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Video Transcript:

Payer enrollment is where cash flow starts. It’s the most critical step in the first stage of Revenue Cycle Management. This process involves enrolling healthcare providers with insurance networks, which is the first ingredient for billing and receiving payments. Without proper enrollment to join networks, providers can’t even begin to bill insurance companies, and they sit on the bench until that enrollment is successfully processed.

An efficient payer enrollment process makes sure providers are credentialed so they can submit claims for services. After this, comes timely payments and reduced administrative costs related to claim denials and resubmissions. To optimize this part of the process, organizations should train enrollment teams to fully understand task management and invest in automation tools to streamline enrollment, ensuring accuracy and compliance.

Tracking and updating enrollment statuses on a regular basis is crucial to maintaining a smooth revenue cycle. Providers are also looking for an easy onboarding process when they change practice locations, so make their lives easier with an efficient enrollment process to get them paid for their services faster.

Contact Madaket today to learn how can speed up your payer enrollment.