Equifax introduces Healthcare Report™ Credential ID
Equifax debuts an automated credential and identity verification tool to speed healthcare hiring and support patient safety.
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Rhea-AI Summary
Equifax (EFX) launched Healthcare Report™ Credential ID, an automated screening solution for healthcare credentialing verification and employment decisioning.
The product delivers primary source verification of healthcare professional licenses and certifications in a consumer report governed by the FCRA, including, where available, license type, status, and expiration date. It combines these checks with Equifax identity data to help healthcare facilities accelerate provider onboarding, reduce manual administrative work, and potentially assist with fraud detection.
Details
News Market Reaction – EFX
On Sep 23, the first trading day after this news, EFX closed 2.79% below the previous close.
Data tracked by StockTitan Argus for the Sep 23 session.
Key Figures
- Projected physician shortage
- More than 106,000 physicians
- Projected for 2027
- Projected registered nurse shortage
- 267,000 registered nurses
- Projected for 2027
Historical Context
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Survey documented credential-related hiring challenges relevant to the announced verification solution.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
New solution designed to help streamline healthcare provider onboarding and better safeguard patient care
The traditional process for verifying healthcare provider credentials typically relies on manual methods, which can place an administrative burden on staff and cause delays in onboarding critical patient-facing hires. With projected shortages of more than 106,000 physicians and 267,000 registered nurses in 2027 — which are expected to grow in the next decade — automated verifications can help organizations put qualified healthcare professionals to work faster and ultimately accelerate patient access to care.
"In a healthcare environment facing a high demand for doctors and nurses, hospitals face the daunting task of accelerating provider onboarding," said Bart Lautenbach, Senior Vice President and General Manager of Talent Solutions, Equifax Workforce Solutions. "The administrative burden of manual verifications can often stall the start dates of critical patient-facing hires. Healthcare Report Credential ID enables background screeners and healthcare employers to facilitate a more efficient onboarding process for healthcare employers, helping to ensure that facilities have the workforce they need to deliver trusted, higher-quality care."
Healthcare Report Credential ID provides license and certification verification information in a consumer report governed by the Fair Credit Reporting Act (FCRA). The final report output delivers essential license and certification data for candidate credentialing and decisioning. Where available, this data includes license type, status, and expiration date, providing broad scale, more comprehensive healthcare workforce coverage.
Healthcare Report Credential ID also includes Equifax identity data, which is provided alongside the license and certification verification consumer report. The solution checks the identity information provided by the applicant against the requested license or certification and Equifax identity data, which can potentially assist with fraud detection.
Healthcare Report Credential ID joins a suite of Equifax solutions designed to help streamline the pre-hire process. This includes tools for employment and education verifications, as well as solutions to help streamline the criminal background check process. For more information about Healthcare Report Credential ID, click here.
ABOUT EQUIFAX INC.
At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by nearly 15,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.com.
FOR MORE INFORMATION:
Dan Jenkins for Equifax Workforce Solutions
mediainquiries@equifax.com
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SOURCE Equifax Inc.