As healthcare organizations expand, adding new providers and specialties, one operational area often becomes a hidden bottleneck: credentialing and provider enrollment.
For growing practices, credentialing is no longer just paperwork—it’s the foundation for patient access, payer relationships, and revenue generation. Yet, many practices struggle with the complexity of medical credentialing services, leading to delays, denials, and lost revenue.
At Finnastra, we specialize in solving these challenges with proven systems and expertise. Below, we highlight the seven most common credentialing challenges practices face—and how the right strategy can turn them into opportunities for growth.
The Challenge:
On average, payer credentialing takes 90–120 days. For some commercial plans, it can stretch to 150 days or more. Every day a provider is not credentialed equals missed appointments, denied claims, and $7,000–$10,000 in lost revenue per week per provider (depending on specialty).
The Solution:
When you work with a dedicated Credentialing and Contract Negotiation Services Company like Finnastra, we fast-track applications using payer-specific workflows and proactive follow-ups. Our process reduces credentialing timelines by 20–30%, getting your providers in-network and billing sooner.
The Challenge:
Payers reject thousands of credentialing applications each year due to missing documentation or incorrect data, such as CAQH discrepancies, outdated licenses, or incomplete work history. This forces practices into costly re-submissions and additional delays.
The Solution:
Our Credentialing and Contract Negotiation Services are designed to simplify application preparation. Finnastra’s teams meticulously audit every application before submission, ensuring 100% accuracy and compliance with payer requirements—so there are no preventable rejections.
The Challenge:
Many practices operate in the dark, unsure where each provider stands in the enrollment process. This lack of visibility creates confusion, billing delays, and frustration for staff and providers alike.
The Solution:
As a leading Credentialing and Contract Negotiation Services Company, Finnastra provides real-time tracking through transparent dashboards and regular updates. Practice managers always know which applications are pending, approved, or need action—eliminating guesswork and miscommunication.
The Challenge:
Credentialing isn’t a one-time task. Providers must re-credential every 2–3 years, depending on payer requirements. Missed deadlines can result in claim denials or temporary suspension from insurance networks.
The Solution:
Finnastra’s proactive tracking system monitors all expirations and renewal cycles. Our teams send alerts and manage re-credentialing in advance, ensuring providers remain continuously compliant and billable.
The Challenge:
Many practices accept payer contracts “as-is,” locking themselves into unfavorable reimbursement rates and terms. Over time, this erodes margins and limits growth potential.
The Solution:
Our insurance contract negotiation services analyze fee schedules and negotiate better terms for your practice. We ensure that credentialing doesn’t just enable billing—it maximizes your reimbursement from day one.
The Challenge:
As practices expand, managing credentialing across multiple locations, providers, and specialties becomes exponentially more complex. Manual processes simply can’t keep up.
The Solution:
Finnastra’s systems are built to scale. Whether you’re credentialing two providers or two hundred, we centralize data and workflows to handle complexity with ease. This makes our services ideal for multi-specialty practices, hospital systems, and rapidly growing groups.
The Challenge:
Internal staff often juggle credentialing alongside other administrative duties like scheduling, billing, and compliance. This leads to errors, burnout, and an over-reliance on reactive problem-solving.
The Solution:
By outsourcing to Finnastra, your team is freed from repetitive credentialing tasks. Our experts take full ownership of the process while your staff focuses on patient care and operational excellence.
A growing urgent care network came to Finnastra after suffering $450,000 in lost revenue due to slow credentialing and poor contract negotiation.
Within 90 days, Finnastra:
The result: a faster revenue cycle, stronger payer relationships, and happier providers.
If these questions raise concerns, it’s time to partner with experts who can solve them.
As a leading Credentialing and Contract Negotiation Services Company, Finnastra ensures credentialing is never a barrier to growth. Practices trust us because we provide:
We don’t just credential—we strategically position your practice for sustained revenue growth.
Take Control of Your Credentialing Today
Credentialing doesn’t have to be chaotic or overwhelming. When you work with a dedicated Credentialing and Contract Negotiation Services partner like Finnastra, you gain accuracy, speed, and peace of mind—while unlocking your practice’s true revenue potential.
Contact Finnastra today to schedule a Credentialing and Contracting Assessment.
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