Health Market Science Announces Credentials Verification Organization (CVO) Accreditation in Progress with URAC

KING OF PRUSSIA, Pa., Oct. 9, 2014 /PRNewswire/ -- Health Market Science (HMS), a leading supplier of provider data and end-to-end solutions that address data management, regulatory compliance and market intelligence, is undergoing Credentials Verification Organization (CVO) Accreditation from URAC, an independent nonprofit organization based in Washington, D.C. and a well-known leader in promoting healthcare quality through accreditation, education, and measurement programs.  The rigorous accreditation process by URAC will validate the process and procedures that HMS uses to help healthcare payers ensure their provider data is current, accurate and comprehensive.

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"Health Market Science should be commended for its decision to be reviewed under URAC's strict quality standards," said URAC president and CEO Kylanne Green. "It is critically important for healthcare organizations to make a commitment to quality and accountability."

URAC's CVO Accreditation ensures a meaningful, rigorous, and fair credentialing process that protects both patients and providers from poor credentialing practices. Credentialing is a critical function that allows healthcare organizations to properly identify qualified healthcare practitioners for participation in their networks. The accreditation process is an important way to protect patients and to minimize legal exposure for healthcare organizations due to malpractice claims.

"CVO accreditation from URAC will demonstrate our commitment to accountability and compliance with national standards through a transparent and comprehensive examination process," said Jeff Klein, president and COO at Health Market Science. "We understand our health plan clients expect the assurance that we are operating in a manner that is consistent with national standards."

A credentials verification organization (CVO) is an organization that gathers data and verifies the credentials of doctors and other healthcare practitioners (HCP). The URAC CVO accreditation will provide Health Market Science independent third-party validation of its Provider MasterFile™, the company's comprehensive source of provider reference data. Using the patented current™ platform, HMS maintains historical, as well as the latest data on all U.S. healthcare practitioners (HCPs), organizations (HCOs), including affiliations among individuals and organizations within facilities, Accountable Care Organizations (ACOs), and Integrated Delivery Network (IDN) parent-child relationships.

To learn more about the Provider MasterFile, current, and Health Market's Science's provider data management solutions for the healthcare industry, contact us here.

About Health Market Science

Health Market Science (HMS) helps businesses and government entities solve complex business challenges centered on healthcare provider information. Using our patented big data and analytics platform, current™, as well as deep domain expertise, HMS develops agile solutions so our clients can improve compliance with federal, state and international regulations, reduce operational costs and maximize market opportunities in real time. Our data assets include a comprehensive provider database of healthcare practitioners (HCPs,) healthcare organizations (HCOs,) and their affiliations, as well as the largest medical claims warehouse in the industry. For more information visit www.healthmarketscience.com

SOURCE Health Market Science