Lanyard Health provides Credentialing-as-a-Service, combining AI‑driven automation with credentialing experts to handle provider enrollment and billing. Their platform reduces credentialing preparation time by 50%, eliminates application errors with a 0% error rate, and ensures full compliance, allowing health organizations to scale their provider networks without hiring additional staff.
Funding
Funding not disclosed
Founders
Product
Problem
Healthcare providers and health systems often face lengthy, error‑prone credentialing processes that delay payer enrollment and billing, leading to significant revenue loss and the need for costly in‑house credentialing staff.
Solution
Lanyard Health offers Credentialing‑as‑a‑Service that combines AI‑driven automation with expert credentialing staff to manage the entire enrollment workflow from intake to payer approval. The platform’s AI checks applications for completeness and compliance, achieving a 0% error rate compared to industry averages of 30‑40%. Human experts oversee the process, ensuring each submission is fully compliant and ready for approval, which reduces preparation time by 50% and accelerates credentialing from months to weeks. By handling all interactions with payers, Lanyard eliminates the need for organizations to hire and train dedicated credentialing teams, preventing revenue leaks of $15K+ per provider. The service delivers fully compliant, payer‑ready applications that enable faster billing start dates and scalable provider network growth.
Target Audience
Primary customers are health systems, physician groups, and medical staffing agencies that need to credential large numbers of providers quickly and cost‑effectively.
Features
- AI‑enabled intake forms that auto‑populate and validate data for accuracy
- Human‑in‑the‑loop quality assurance guaranteeing zero application errors
- End‑to‑end managed workflow covering document collection, submission, and payer follow‑up
- Compliance monitoring that ensures every submission meets payer requirements from day one
- Turnaround time reduction of 50% through expert‑led preparation and automated checks
- Cost avoidance of $60K+ per credentialing hire by providing a fully outsourced solution