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By validating staff competence, it reduces the likelihood of malpractice claims and legal issues. For example, when a doctor claims to have graduated from a certain medical school, the credentialing team contacts that school directly to confirm. This process reduces the risk of fraud and ensures accuracy.
We saw that issue up close last year as the committee considered the role of PE firms in the increase of patients receiving surprise medicalbills.” Private equity firms are investment firms set up to increase profits for their shareholders, not to provide better quality medicine.
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