Eligibility verification services to achieve optimal and timely reimbursement
Eligibility Verification Services To Achieve Optimal and Timely ReimbursementTo ensure maximum reimbursement,medical facilities have to confirm theeligibility of the patient’s insuranceand benefit coverage before startingany treatment procedures. Medicalinsurance verification proceduresare lengthy and time consuming, andoften healthcare experts may not getenough time to complete theseprocesses promptly. Accurateinsurance eligibility verificationservices from reliable outsourcing companies is the best optionif you are looking to submit claims on time and achieve optimaland timely reimbursement.Ensures Accurate Claims and OptimalReimbursement BenefitsOften, improper verification of patients’ insurance and benefitcoverage is the major factor that contributes to denial of claimsand delayed payments. Outsourcing insurance benefitverification tasks to a leading medical billing outsourcingcompany will certainly help you obtain maximumreimbursement on time.
Organized insurance verification services also ensure thefollowing additional benefits: Reduce time spent following up on claims Increase the number of clean claims Improve patient satisfaction Reduce time spent following up on claims Improve patient care Reduce lost revenue in collections Reduce rejections and denials Reduce overhead – 30% to 40% below operational costsWide Spectrum of Medical Insurance VerificationServicesTo provide quality insurance eligibility verification services,most professional outsourcing companies maintain advancedinfrastructure, the latest software packages and knowledgeableexperts.The insurance verification specialists in these firms verify eachand every aspect of insurance coverage, check for policychanges and updates, validate patient information with theinsurance provider, and complete the entire paperworkefficiently.
The most important factors that are verified to determine theeligibility and acceptance of the claim, as well as to preventinsurance denials include: Patient policy status Claims mailing address Type of plan and coverage details Co-pays Deductibles Co-insurances Referrals and pre-authorizations Effective date Payable benefits Plan exclusionsTo confirm the insurance eligibility, they also performadditional health insurance verification services such as: Contacting patients for additional information Updating the billing system with eligibility and verification details Receiving schedules from the hospital via EDI, email or fax
Customized Solutions at Competitive ChargesCompetent service providers ensure remarkable qualityassurance and accurate services. Other features thatdistinguish them include: HIPAA compliance 24X7 professional support Free trial offer Competitive pricing Fast turnaround timeHealthcare entities planning to outsource healthcare insuranceverification tasks must take care to select a dependablemedical billing company. This would ensure customized andcomprehensive insurance eligibility verification services thatcould obviously allow you achieve optimal and timelyreimbursement benefits, which would definitely enhance theoverall efficiency and productivity of your healthcare practice atreduced operational costs. 8596 E. 101st Street, Suite H, Tulsa, OK 74133 Main: (800) 670 2809 Fax: (877) 835-5442 E-mail: firstname.lastname@example.org URL: http://www.outsourcestrategies.com