CHATTANOOGA, Tenn. & LYNBROOK, N.Y.--(BUSINESS WIRE)--Newport Credentialing Solutions, a division of TractManager, Inc., is the top-ranked provider of credentialing and privileging solutions in a second-quarter 2018 outsourcing user survey conducted by Black Book Market Research, an independent market research company. Black Book reports that more than 4,500 executives, hospital board members, and senior managers from 709 hospitals took part in the survey, which rated vendors from 16 categories of outsourced services.
“We appreciate the positive ranking, and the widespread interest that Newport is generating in the market and across our client base,” said Trace Devanny, Chief Executive Officer of TractManager. “Their software platform and services make an immediate financial impact on healthcare organizations and provider practices. They are truly best-in-class!”
Since its founding in 2009, Newport has focused on helping providers take control of the credentialing lifecycle by reducing denials, improving operational and financial efficiencies, and generating more revenue in less time. Newport treats credentialing as an integral part of the revenue cycle, and has developed customized professional and support services that wrap around its proprietary software, and maximize the value of the credentialing platform.
Scott Friesen, founder and CEO of Newport Credentialing Solutions, added, “Providers who are not enrolled correctly will not be paid correctly. Poor enrollment management causes significant claims denials and consequent lost revenue, and for many expanding healthcare organizations, the volume of enrollment work can quickly exceed their internal staffing capacities. We’re here to help.”
About Newport Credentialing Solutions
Newport Credentialing Solutions is the nation’s premier provider of cloud-based, workflow and analytics software, and cloud-enabled services dedicated to the credentialing lifecycle. Newport’s clients include some of the largest academic medical centers, health systems, and multi-specialty group practices in the United States.
TractManager’s healthcare-specific application suite serves three out of five U.S. hospitals. Serving the healthcare industry with integrity for more than 30 years, TractManager is the first-mover in strategic sourcing and enterprise contract lifecycle management. Our advisory services wrap around each solution component, optimizing purchasing and service category management, while supporting best-practice contracting processes. The company’s strategic sourcing division, MD Buyline, includes Hayes, the industry leader in providing clinically focused, evidence-based research and analysis to health plans, insurers, hospitals, healthcare systems, ACOs, and government agencies, and MedApproved, a new product approval workflow solution supporting value analysis. The MediTract division supports hospitals and healthcare facilities with an enterprise contract lifecycle solution. Together, we are dedicated to helping our clients reduce their capital and non-labor costs, and conform their contract and credentialing management to meet regulatory requirements.