[October 14, 2009] Medversant Launches OneSource Provider Data Portal Tweet LOS ANGELES --(Business Wire)-- Medversant Technologies (www.medversant.com), the leader in integrated provider data management and primary source verification, has launched a provider portal that allows providers the ability to satisfy all credentialing requests from third parties. The OneSource (News - Alert) Provider Portal employs patented and patent-pending technologies to markedly reduce administrative burdens. Offered free to providers, OneSource comes at a fraction of the cost incurred by health plans or other health care organizations compared to alternative subscription-based services that fail to deliver the same accuracy and integration. According to Matthew Haddad, CEO of Medversant, "Our Autoverifi™ technology enabled continuous credentialing, a breakthrough that changed everything. Now, our OneSource Provider Portal signals a new era of change in this industry. Currently, health plans and other health care organizations are spending millions on database charges and internal efforts to initially obtain provider information, only to spend even more to input the information into their existing systems and ensure its accuracy. In most cases, providers need to be contacted repeatedly for additional information requests, adding to the overall cost of a credentialed file and the administrative burden on the provider." Currently, according to the Medical Group Management Association, providers must process over 17.5 applications a year, on average. "The minute the file is completed, it is already out of date," Haddad adds. "This is not an efficient or trustworthy system. With Medversant's OneSource provider portal, providers update their information as needed, and health plans or hospitals have immediate access to a comprehensive provider data file, which can be integrated into their existing database. We deliver this at a fraction of the cost of existing processes. This will generate millions in cost savings, yet still achieve a single application environment for providers." In conjunction with its patented Autoverifi™ (U.S. Patent No. 7,529,682) solution, Medversant continuously updates provider data, which flows seamlessly to credentialing through the OneSource electronic verification solution. "We must get away from business as usual," Haddad notes. "Competition and the free market ultimately bring down costs for everyone. We recognized the market need for a solution that is easy to use, employing today's technology to gain the efficiencies that are necessary in this time of administrative simplification. The portal will provide more features and benefits without cost to either the organization or the provider for reported information." The OneSource provider portal eliminates the need for health care organizations to ensure provider compliance. OneSource is maintained and updated continuously, which makes it more efficient for providers, plans and other health care organizations. With the portal, there is a single, cost-effective, and updated flow from provider data capture to committee decision-making. "Health care organizations need data that is relevant to their process," Haddad adds. "While we currently have over 1.2 million providers in the OneSource database, a large database in and of itself is meaningless if clients cannot access the provider data in the format they need it in, with high accuracy and at the lowest possible cost. We can deliver that result." Medversant is an independent health care technology company that is endorsed by numerous health care trade associations throughout the United States. The company was contracted by the State of Michigan to centralize credentialing processes pursuant to a Medicaid Transformation Grant. About Medversant Medversant Technologies, LLC is the nation's leading provider of continuously monitored Web-based credentials verification solutions through patented AutoVerifi™ technology (U.S. Patent 7,529,682) for hospitals, health insurance plans, nursing homes, outpatient centers and other healthcare settings. Medversant provides a software tool that is highly efficient, cost-effective and an accurate solution for provider database management. Headquartered in Los Angeles, Calif., Medversant can be reached at (213) 291-6139 or www.medversant.com. [ Back To TMCnet.com's Homepage ]