Establishing a successful new podiatry practice is based on one singular point; how well the credentialing and contracting processes were done. Podiatry practices have a hard time getting credentialed with their desired insurance company and the patient population where their practices are located. Hiring an in-house credentialing expert is very expensive for a new practice to afford. Outsourcing the credentialing services is a better option that way as a doctor you can get your practice set up while we at BillingParadise complete your credentialing applications and provide you with daily updates and get your practice up and running in no time.

1. NEW PODIATRY PRACTICE
CREDENTIALING AND CONTRACTING
SERVICES BENEFITS

2. CREDENTIALING AND CONTRACTING SERVICES BENEFITS
FOR A NEW PODIATRY PRACTICE
Starting your own new podiatry practice is an exciting and overwhelming process, however, could
seem sophisticated from the start-up: finding the right location, fixing your employees, building your
complete, and achieving profits are one of the foremost necessary initial steps on the road to money
success is fulfilling your podiatry practice credentialing and enrollment becoming related with
insurance corporations in order that you’ll receive third-party payment.
Credentialing is needed for in-network payments from insurance companies.But regardless of
how complex this process is in the end you would need expert advice when it comes to
credentialing and enrollment.

3. CREDENTIALING PROCESS AND
HOW IT WORKS
Medical credentialing is a process that is market-driven that seeks to keep up standards of
quality within the physicians or podiatry providers to give beneficial patient care. The
process of credentialing involves direct contact with primary sources for the verification of
a podiatry provider’s qualifications.
The credentialing authority can contact the university wherever the podiatry provider
received their podiatry medicine degree, had their coaching, and did their residency, to
verify their credentials. Moreover, they’re going to conjointly contact certification boards
and licensing agencies to verify licenses and podiatry specialty certificates.

4. Register with IRS and get a Tax ID. An experienced attorney or a certified accountant can guide you
through this registration process and complete the application.
Enroll for a Type 1 and Type 2 National Provider Identifier (NPI). Type-1 Healthcare provider’s NPI is Type
1 and The practice business NPI is Type 2 Type-2 NPIs are for businesses. BillingParadise Credentialing
experts can assist with getting these NPIs.
The bank account registration process under the NPI enrolled name of the legal name of the new
podiatry practice.
Set up the location to open your new podiatry practice.
Get malpractice insurance for your podiatry practice
Things a new podiatry practice owner should do
before starting the credentialing process

5. Crucial podiatry credentialing process workflow
that we do not miss
Provider numbers and information verifications
Billing and payment address validation
EDI and EFT enrollment
Monitoring credentialing staff work
Benefits of a new podiatry practice credentialing and
contracting services
Preventing revenue loss with updated credentialing data

6. Improves overall revenue for your Podiatry practice
Medical credentialing permits practitioners to simply accept patients
coated by insurance. consistent with the Bureau of Labor Statistics,
91.4% of American citizens had insurance coverage for all or a part of
2020. which will translate into augmented patients for certified health
care practitioners with approved payor contracts. to not mention the
chance to earn higher revenues.
By enrolling with BillingParadise for the complete RCM services
including medical billing, coding, charge capture, payment posting
and reconciliation, AR, denial management, etc. The new podiatry
practice can save up a lot of time and money with our free
credentialing services as an add-on for enrolling in our Revenue
cycle management services.

7. THANK YOU
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