RCM tip of the day: Curtail tax ID numbers

Hospitals and health systems should limit the number of tax ID numbers per provider to streamline claims processing delays and prevent lost revenue, says Patrick Doyle, senior vice president at Newport Credentialing Solutions.

Mr. Doyle shared the following tip with Becker's Hospital Review.

"When not managed properly it's easy to lose control over the number of tax IDs your providers have; this is especially true for large hospitals with hundreds of providers. A good rule of thumb is no more than three tax IDs per provider. While downsizing these numbers is a cumbersome task that requires diligent follow-through, an outsourced partner with proven knowledge and resources can make a world of difference in regaining control."

If you would like to share your RCM best practices, please email Kelly Gooch at kgooch@beckershealthcare.com to be featured in the "RCM tip of the day" series.   

 

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