STATCred

STATCred is a credentialing software solution offered by STAT MedCare, LLC. According to the vendor, it aims to streamline and simplify the complex tasks associated with credentialing, payor enrollment, licensing, and rate negotiation for healthcare organizations. The software is suitable for businesses of various sizes, from solo practitioners to national organizations. It caters to a wide range of professions and industries, including physicians and medical practices, hospitals and healthcare systems, behavioral health providers, nurse practitioners and physician assistants, and allied health professionals.

Key Features

Efficient Credentialing Process: According to the vendor, STATCred automates various tasks involved in the credentialing process, such as data entry, document management, and expirables tracking, potentially reducing manual effort and errors.

Payor Enrollment Management: STATCred offers capabilities to help healthcare organizations efficiently navigate the process of enrolling with insurance companies. According to the vendor, it provides tools for submitting and tracking payor enrollment applications, aiming to ensure timely completion and reduce the risk of delays or denials.

Licensing Management: The vendor states that STATCred assists healthcare organizations in managing the licensing process for their providers. It tracks license expiration dates, sends automated renewal reminders, and facilitates the submission of renewal applications.

Rate Negotiation Support: According to the vendor, STATCred supports healthcare organizations in negotiating reimbursement rates with payors. It provides tools for analyzing fee schedules, identifying rate improvement opportunities, and facilitating negotiations.

Provider Credentialing: STATCred offers comprehensive provider credentialing capabilities, according to the vendor. It automates the collection and verification of provider credentials and facilitates the submission and tracking of credentialing applications to insurance companies.

Document Management: STATCred provides document management features for securely storing and organizing credentialing-related documents. According to the vendor, it supports digital document storage, potentially simplifying audits and ensuring compliance with record-keeping requirements.

Reporting and Analytics: According to the vendor, STATCred offers reporting and analytics capabilities. It generates customized reports on key metrics such as application status, expirables tracking, and provider enrollment status, aiming to support data-driven decision-making for optimizing credentialing operations.

Integration Capabilities: STATCred integrates with existing practice management systems, electronic health record systems, and other healthcare software solutions, according to the vendor. This integration aims to eliminate manual data entry, ensuring data consistency and accuracy across platforms.

Compliance Management: The vendor states that STATCred helps healthcare organizations maintain compliance with regulatory requirements and accreditation standards. It tracks and manages expirables, such as licenses and certifications, and provides updates on changing regulations and standards.

Task Automation: According to the vendor, STATCred automates repetitive and time-consuming tasks associated with credentialing, payor enrollment, licensing, and rate negotiation. It sends automated reminders, tracks application deadlines, and generates alerts for pending tasks, potentially improving efficiency and productivity.