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Services with proven results
Med Advantage is one of the leading and largest Credentials Verification Organizations (CVO) in the nation. Its CVO Services began in May, 1993. In 1996, Med Advantage received its first full certification from the National Committee for Quality Assurance (NCQA). The current certification is valid till September 28, 2011 in all ten (10) elements; which include: License to Practice, DEA Certification, Education and Training, Malpractice Claims History, Application Processing, Medical Board Sanctions, Ongoing Monitoring of Sanctions, Work History and Application and Attestation Content. Med Advantage was one of URAC’s first CVO to receive accreditation, which is valid until June 2010 for full accreditation.
The Importance of DATA
Thinking
futuristically, Med Advantage invested heavily in technology and data in it's early
years while building one of the largest provider databases in the country.
Accurate data is crucial to the efficiency and profitability of health insurance
payers and health care organizations. A problem is that much of the provider data
which organizations work with is outdated or error prone. How big is the problem?
Consider this: outdated or incorrect provider information costs healthcare payers
over $26 billion every year. In fact, up to one third of all correspondence and
payments to providers is returned because of address errors. Over 40 percent of
provider records have errors or missing data. And annually, at least 30-40 percent
of all provider records have changes.
Med Advantage, with its partners, can bring your information
into focus. We provide healthcare insurance payers and organizations of all sizes
with an intelligent combination of data and credentialing services, including advanced
analytical technology and information management. And, Med Advantage can help you prepare for the National Provider Identifier mandate, keeping your provider records
verified and up-to-date to ensure accurate payments and satisfied members.
The result: Med Advantage can help dramatically improve
your credentialing process, the integrity and reliability of your provider data,
and in turn, increase organizational efficiency and profitability.
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