Outsource strategies International                                           Call: (800) 670 2809              Insurance V...
Outsource strategies International                                     Call: (800) 670 2809professionals prefer to outsour...
Outsource strategies International                                          Call: (800) 670 2809Seek Professional Help fro...
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Insurance verification services an overview

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Insurance verification services are an essential component of the medical billing cycle, wherein it is verified whether the patient is covered under the particular health insurance plan.

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Insurance verification services an overview

  1. 1. Outsource strategies International Call: (800) 670 2809 Insurance Verification Services - An OverviewInsurance verification services are a key component in the medical billingcycle. In health insurance verification, a patients active coverage is checkedwith the insurance company to make sure that he/she is eligible for theprocedure scheduled in the hospital. The verification should be done beforethe patient is admitted to hospital. By ensuring that patients are eligible forservices and benefits before the treatment is rendered will help avoid the riskof not getting paid. Medical insurance verification is a time consuming process that requires minute attention to detail. It prevents serious financial losses due to patient ineligibility. Besides, it helps you save the time spent on manual eligibility checks (up to 15minutes per patient) and reduces human error. Payment collections can besignificantly improved with accurate co-pays/deductibles info.Because of their busy working schedules, most healthcare providers do notget enough time to carry out the verification process properly. Non-verification of insurance eligibility may lead to problems such as delayedpayments, rework, increased errors and patient dissatisfaction. To avoidclaim rejection, it is very important to carry out the insurance benefitverification process. In such circumstances most of the healthcare Insurance Verification Services
  2. 2. Outsource strategies International Call: (800) 670 2809professionals prefer to outsource eligibility verification services to a reliableoutsourcing company. Outsourcing frees up healthcare staff to focus on moreproductive tasks.Insurance Verification Services – What Is InvolvedEvery medical professional must understand the importance of insuranceverification in making the billing process successful. Here’s a quickoverview of the entire insurance eligibility verification process.Insurance benefit verification includes verification of: payable benefits, co-pays, co-insurances, deductibles, patient policy status, effective date, type ofplan and coverage details, plan exclusions, claims mailing address, referrals& pre-authorizations, life time maximum, and more. Insurance eligibilityverification process involves the steps that are mentioned below: • Receiving patient schedules from the hospital or clinics via FTP, email or fax • Verifying patients insurance coverage on all primary and secondary (if applicable) payers • Verifying demographic information • Updating patient accounts • Contacting patients for additional information if necessary • Updating the billing system with eligibility and benefits details such as member ID, group ID, coverage start and end dates, co-pay information Insurance Verification Services
  3. 3. Outsource strategies International Call: (800) 670 2809Seek Professional Help from a Reliable Service ProviderTo get comprehensive insurance verification services, it is necessary to seekthe help of an experienced and reliable medical billing company. A reliablecompany will help in all ways to meet your insurance verificationrequirements. By hiring a professional firm to meet your insuranceverification requirements, you can gain many benefits including: reducedeffort and time, speed up approval and authorization; simplified workflow;faster billing cycles; improved staff productivity and reduced operationalcosts. MOS Outsource strategies International 8596 E. 101st Street, Suite H Contact Details Tulsa, OK 74133 Phone: (800) 670 2809Article Source: http://www.ideamarketers.com/?Insurance_Verification_Services&articleid=3571646 Insurance Verification Services

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